U.S. equities are mildly weaker
U.S. equities are mildly weaker as earnings seasons continues to play out. The Dow is -0.2% softer, the S&P 500 has dipped -0.1% and the NASDAQ is marginally in the red at -0.04%. While the focus remains on corporate earnings reports, some attention will be on the signing of the Phase One U.S.-China trade deal today. BoA, JP Morgan Chase, Citigroup and Blackrock beat expectations. However, Goldman undershot projections as the company set aside funds to pay a fine over the 1MDB affair. U.S. Bancorp profit fell, weighed on by Fed rate cuts. European bourses are similarly softer, with the Euro Stoxx down -0.4%, Germany's DAX and France's CAC 40 running with a -0.3% decline. The U.K.'s FTSE 100 is flat. In Asia, stocks posted losses, as China's CSI 300 fell -0.6%, Japan's Nikkei lost -0.5% and Hong Kong's Hang Seng contracted -0.4%.