U.S. S&P500 futures ESc1 were down 0.2%, having dropped as much as 0.6% in Asian trade, a day after all three major indexes fell, with the S&P 500“The cracks in equity market sentiment widened a little further yesterday, although this setback remains modest in the context of the index gains enjoyed so far in Q4,” Ian Williams, economics & strategy research analyst at Peel Hunt, said.
Trade experts and people close to the White House said completion of a “phase one” U.S.-China trade deal could slide into next year, as Beijing presses for more extensive tariff rollbacks, and the Trump administration counters with demands of its own. Chinese Vice Premier Liu He, also the chief trade negotiator, said he was “cautiously optimistic” on a phase one deal, according to a report by Bloomberg.As the chances of a deal in the near-term faded, investors sought the safety of government bonds, the yen and gold.German government bond yields DE10YT=RR — which move inversely to price — steadied a day after hitting more than two week lows. The 10-year U.S. Treasuries yield dipped to 1.733% US10YT=RR, near its lowest levels in three weeks.
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