Post-Pandemic Era

Post-pandemic era 10 things you need to know before the opening bell

Reuters Here’s what you need to know before the markets open. 5. ‘Lemon’ or not, Trump is stuck with Phase 1 China trade deal. Trump has little choice but to stick with the first phase of his China trade deal despite his anger at Beijing over the coronavirus pandemic, new Hong Kong security rules, and…

Wise Editor

Published on June 13, 2020

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Post-pandemic era

post-pandemic era Traders wearing masks work, on the first day of in person trading since the closure during the outbreak of the coronavirus disease (COVID-19) on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 26, 2020. REUTERS/Brendan McDermid Reuters

Here’s what you need to know before the markets open.

5. ‘Lemon’ or not, Trump is stuck with Phase 1 China trade deal. Trump has little choice but to stick with the first phase of his China trade deal despite his anger at Beijing over the coronavirus pandemic, new Hong Kong security rules, and dwindling hopes that China can meet US goods purchase targets.

8. Asian stocks are up. In Europe, Germany’s DAX fell 1.6%, Britain’s FTSE 100 rose 1%, and the Euro Stoxx 50 fell 1.4%. In Asia, China’s Shanghai Composite rose 2.2%, Hong Kong’s Hang Seng rose 3.3%, and Japan’s Nikkei rose 0.8% at the close. In the US, futures underlying the Dow Jones Industrial Average, the S&P 500, and the Nasdaq fell between 0.1% and 0.5%.

10. It’s a big day for data. US Manufacturing PMI and the 3-month and 6-month bill auctions are on the agenda.