Tuesday, December 11, 2018 9:46 AM EDT
How many times can equity futures around the world rise and fall on the same headlines? We’re learning that lesson in real time these days, as US futures are rallying today on reports that China will cut tariffs on imported US autos from 40% down to 15% and that officials from both countries continue to negotiate despite the arrest of Huawei’s CFO in Canada. Believe it or not, futures were lower for most of the overnight session before getting a real boost right around 4 AM.
Read today’s Bespoke Morning Lineup below for major macro and stock-specific news events, ...
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Read today’s Bespoke Morning Lineup below for major macro and stock-specific news events, updated market internals, and detailed analysis and commentary: Bespoke Morning Lineup – 12/11/18
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Start a two-week free trial to Bespoke Premium to see today’s full Morning Lineup report. You’ll receive it in your inbox each morning an hour before the open to get your trading day started
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Cutting tariffs and requiring partnerships to do business in China are vastly different concepts. China will cut tariffs, but 1. That doesn't mean Chinese will buy American and 2. It doesn't mean the Chinese won't give up legal means of gaining technological knowhow.