U.S. equities resumed their descent
U.S. equities resumed their descent led lower by global declines, despite a surprising surge in the German Ifo and fairly dovish remarks by Fedspeakers Evans and Harker. News that the Mueller investigation didn't overtly link Trump to Russian collusion failed to inspire much investor demand amidst concerns about the signaling strength of the yield curve inversion. Meanwhile, top U.S. trade negotiators are heading off Beijing later this week. The Dow is 24-points lower, S&P fell 3-points and NASDAQ is off 22-points ahead of the opening bell. This followed deep losses in Asia after Japan's Nikkei sank 3%, the HK Hang Seng -2% and China CSI 300 -2.3%. Europe is only mildly lower across the board on the majors. Focus will shift to the tech sector with Apple CEO "Tim Apple" set to unveil that company's "Netflix Killer" video streaming service at 13 ET and any other developments in the i-sphere. Akamai sank 4% after a Deutsche downgrade to "sell," while Viacom surged 4% after AT&T agreed to continue to carry their content. Only the Chicago Fed national activity and Dallas Fed indices are on tap.