? U.S. resumes trade talks with Canada earlier than expected.
? Chinese stocks extend losses.
? U.K. wage growth beats estimates.
? Treasurys dip ahead of JOLTS.
Wall Street looks set to follow European and Asian stock markets as lingering concerns about U.S. trade relations with other economies weigh on investor sentiment.
Mexico's finance minister said the country is prepared to sign a bilateral trade deal with the U.S. if Canada is unable to reach an agreement with the U.S. to renegotiate the North American Free Trade Agreement. Canadian officials are set to resume trade discussions with their U.S. counterparts today, after separate talks between the U.S. and the EU ended yesterday without a concrete agreement.
In Asian equities, the Shanghai SE Composite index slipping 0.18% and Hong Kong's Hang Seng dropping 0.72%. China will next week seek the World Trade Organization's approval to impose sanctions on the U.S. for its lack of compliance with an anti-dumping ruling, Reuters reported.
Meanwhile in Japan, the Nikkei 225 closed 1.30% higher while the TOPIX Composite Index rose 0.67%, with shares in Renesas Electronics Corp. surging 4.43% after the company agreed to acquire U.S. chipmaker Integrated Device Technology Inc. for about $6.7 billion.
Germany's DAX shed 0.51% as of 6:41 a.m. ET, while France's CAC 40 slipped 0.18% and the Euro Stoxx 50 dropped 0.37%. Shares in ING Groep NV traded lower after the Dutch banking group said its CFO will step down in light of a money-laundering probe. The FTSE 100 dropped 0.53%.
Sterling continued its advance against the dollar on the back of strong wage growth data in Britain, having surged yesterday after the EU's chief Brexit negotiator, Michel Barnier, said a withdrawal agreement between the U.K. and the EU by late October or early November looked "realistic" and "possible." The euro was broadly flat against the dollar.
Futures point to the S&P 500 and the Nasdaq 100 opening lower today. Both indexes closed higher yesterday as lawmakers at the House of Representatives launched new efforts to make the 2017 individual tax cuts permanent, although shares of insurance companies came under pressure as Category 4 Hurricane Florence continues to move toward the U.S. East Coast.
Ten-year Treasury yields climbed nearly 2 basis points to 2.955% ahead of data on U.S. job openings and labor turnover. German Bunds dipped as 10-year yields rose 2 basis points to 0.424%, while Italian government bonds were steady at 2.907%.
Brent crude oil gained 0.79% to $77.98 per barrel on the ICE Futures Exchange. Gold slipped 0.13% to $1,194.34 per ounce.
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The day ahead:
8:15 a.m. ET — Canada housing starts for August (Econoday consensus: 210,000 AR)
8:55 a.m. ET — U.S. redbook
10 a.m. ET — U.S. job openings and labor turnover survey for July (Econoday consensus: 6.670 million job openings)
10 a.m. ET — U.S. wholesale trade for July