trending Market Intelligence /marketintelligence/en/news-insights/trending/H8OekeoTokiHFaIAyw_Xgw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Wall Street futures trade near record highs as China plans to lower duties

COVID-19 Pandemic Likely To Cause US Telemedicine Boom

Street Talk - Ep. 64: Coronavirus jumpstarts digital adoption

Street Talk Podcast

Street Talk - Ep. 63: Deal talks continue amid bank M&A freeze, setting up for strong Q4

Street Talk Podcast

Street Talk - Ep. 62: 'Brutal' outlook for oil demand offers banks in oil patch no relief

Wall Street futures trade near record highs as China plans to lower duties

➤ China to lower certain tariffs from Jan. 1, 2020.

➤ NMC Health launches independent review of financials.

➤ Chinese state-backed fund to reduce stake in 3 tech companies.

➤ Kuwait, Saudi Arabia close in on resuming oil production at damaged facilities.

Wall Street looked set to open near record highs set last week as China said it plans to begin 2020 by cutting import duties on 859 products.

China said it will lower import tariff rates for frozen pork, high-tech products and other goods beginning Jan. 1, 2020, while it aims to complete a phase one trade deal with the U.S. The tariff reduction could be a way for China to make good on its commitment to buy more U.S. goods without breaking international rules on managed trade, said MUFG Bank currency analysts, Lee Hardman and Fritz Louw.

The U.S. government averted a shutdown after President Donald Trump signed a $1.4 trillion spending bill into law before midnight Dec. 20.

Futures on the S&P 500 and Nasdaq 100 edged 0.1% higher each as of 6 a.m. ET.

In Europe, the FTSE 100 gained 0.3% as NMC Health PLC's stock surged 24% following the launch of an independent review of its financial statements after the matter reportedly triggered a selloff in its shares last week.

Germany's DAX index fell 0.2%. Bayer AG's shares gained 3.4% as the U.S. Environmental Protection Agency backed the pharmaceutical company's appeal against a $25 million verdict over its weedkiller Roundup. Elsewhere, France's CAC 40 and the Stoxx Europe 600 were little changed.

The Shanghai SE Composite lost 1.4% amid reports that state-backed National Integrated Circuit Industry Investment Fund plans to reduce its stake in three technology companies. Hong Kong's Hang Seng index slipped 0.1% and Japan's Nikkei 225 was broadly flat.

The Dollar Spot Index, which measures the currency against a basket of developed-market peers, was little changed at 97.6490.

Sterling fell less than 0.1% to $1.2991, the euro appreciated a similar amount to $1.1088, and the Japanese yen was little changed at 109.40.

In debt markets, the 10-year Treasury yield lost 2 basis points to 1.90%. German bund yields fell 1 basis point to negative 0.26%.

Among commodities, Brent crude oil dipped 0.1% to $66.07 per barrel on the ICE Futures Exchange amid reports that Kuwait and Saudi Arabia are closing in on a deal to resume oil production at the Khafji and Wafra oilfields.

Gold gained 0.4% to $1,487.10 per ounce.

More from S&P Global Market Intelligence:

S&P Podcast: Partisan politics, hot topics to drive political ad records in 2020

Brexit, climate, central bank autonomy key issues for Bank of England's Bailey

Westpac should be able to absorb fines for alleged money laundering: analysts

Yield curve near 2019 high shows recession risk dissipating

YouTube US viewing gains melt away in 2019

US EPA proposes new federal coal ash permit program, approves Georgia plan

Sales drop for most major auto markets in November

The day ahead:

8:30 a.m. ET — U.S. durable goods orders (Econoday consensus: 1.5% monthly)

8:30 a.m. ET — Canada monthly GDP (Econoday consensus: 0%)

8:30 a.m. ET — Chicago Fed national activity index

10 a.m. ET — U.S. new home sales (Econoday consensus: 735,000)

11 a.m. ET — U.S. survey of business uncertainty