U.S. equities are adding to strong gains
U.S. equities are adding to strong gains seen yesterday, supported by continued optimism over U.S.-China trade talks and increasing optimism that the government will not be partially shutdown at the end of this week. However, government funding is not a done deal, with the WSJ reporting that President Trump has sent mixed signals on a bipartisan border security deal reached by lawmakers, notably saying of the deal Tuesday in a cabinet meeting "I can't say I'm happy." On twitter, the President is perhaps satisfied with border security funding, tweeting "...Will be getting almost $23 BILLION for Border Security." The Dow is up 74 points, S&P 500 6 points firmer and the NASDAQ 28 points higher in pre-market futures trading. Stocks made headway in Asia, with Japan's Nikkei 225 rising 1.3%, Hong Kong's Hang Seng up 1.2% and China's CSI 300 powering to a 2.0% increase as U.S.-China trade talk optimism underpinned. European bourses are in positive territory, but below session highs, with the Euro Stoxx 0.2% firmer. Spain's IBEX is going against the grain with a 0.2% decline after parliament blocked the 2019 budget, which may force PM Sanchez to call for a snap election. Earnings season continues, with today's slate featuring AIG, Annaly Capital Management, Barrick Gold, Cisco Systems, Hilton, Marathon Oil, and Teva Pharmaceuticals.