U.S. equities are firmer
U.S. equities are firmer, managing to make headway in pre-market dealings despite a turn toward caution overnight as optimism for a quick trade deal faded on news that China wants to hold more talks. Rising Mid East tensions also prompted caution, specifically concerns over U.S. nuclear bonds at a Turkish airbase. But while flight to safety trades have supported Treasuries (yields are lower), the Dow, S&P 500 and NASDAQ are up 0.3%. European bourses are mildly higher, with the Euro Stoxx climbing 0.5%, the DAX 0.4% firmer and the CAC 40 0.5% in the green. The U.K.'s FTSE 100 is down 0.4%. In Asia, China's CSI 300 fell 0.4%, Hong Kong's Hang Seng eased 0.1% but Japan's Nikkei 225 powered upwards by 1.9%. Corporate earnings come into focus this week, although trade developments will remain a key factor in terms of sentiment. JP Morgan's results topped projections, but Goldman's earnings results were disappointing.