Stock Futures Rise on Watered-Down Tariffs

Stock Futures Rise on Watered-Down Tariffs

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WORLD HEADLINES - Global markets reacted to the latest escalation of the U.S.-China trade spat with relative calm on Tuesday. Asian stocks jumped and S&P 500 futures edged higher with European shares after America set its next round of tariffs at 10 percent and Beijing pledged to retaliate. 

STOCKS - Asia equities recovered from early weakness, with benchmarks in Japan and Shanghai jumping. The Stoxx Europe 600 Index also overcame a soft start as automakers and miners advanced.

BONDS -The yield on 10-year Treasuries increased one basis point to 3.00 percent, the highest in almost seven weeks.

COMMODITIES - West Texas Intermediate crude gained 1.4 percent to $69.89 a barrel.

CURRENCIES - The Bloomberg Dollar Spot Index rose less than 0.05 percent.
ECONOMIC DATA - JPY Monetary Policy Statement (tentative).
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