US futures rose with stocks in Asia
|Highlights:
Chart of the Day: Investors are looking to prior health scares for guidance on how much market fallout to brace for. Those cases hint that even when the human toll risks becoming grim, financial markets have shown resilience. Markets are proceeding with caution, particularly after an eye-popping run across equities.
Futures Summary:
News from Bloomberg:
Markets steadied after China's steps to contain the spread of the deadly coronavirus. U.S. futures rose with stocks in Asia, while European shares were little changed. Oil declined as Goldman said demand concerns over a potential epidemic would counter fears of supply disruptions in OPEC producers Libya, Iran and Iraq. Treasuries nudged up and the dollar was steady.
The virus is "under control" in the U.S., President Trump said at Davos in a Fox Business interview. Hong Kong reported its first case. The death toll rose to nine and the number of confirmed cases increased to 440. The WHO will decide today whether to declare an international public health emergency. Here's a look at why the illness is reviving fears of SARS and how airports and airlines are dealing with the outbreak.
The Senate set the rules for the impeachment trial. Republicans held together behind Mitch McConnell, with all 53 senators voting to shelve 11 Democratic amendments to subpoena new documents and testimony. The trial resumes today and may end next week if no new witnesses are called. Follow the developments with our Impeachment Update and here's a glimpse inside the trial.
Jeff Bezos may have been hacked by the Saudi Crown Prince. Digital evidence suggested the Amazon chief's phone was accessed after an exchange with Mohammed bin Salman on WhatsApp in mid-2018, people familiar said. The new details follow Bezos's dispute with The National Enquirer and Jamal Khashoggi's murder. Saudi Arabia called the reports "absurd."
Day two at Davos: Trump's agenda included breakfast with business execs and talks with the presidents of Kurdistan and Iraq. Treasury Secretary Steven Mnuchin dangled the prospect of retaliatory tariffs on car imports if countries go ahead with digital taxation plans. And Saudi's finance minister said an Aramco international listing is still in the cards. Check out the latest in our Davos Update.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.