Trade tensions ease; UBS dips; Google earnings

1. Trade war fears ease: China said Sunday it would "welcome" direct trade talks with the United Sta...

Posted: Apr 23, 2018 2:06 PM
Updated: Apr 23, 2018 2:06 PM

1. Trade war fears ease: China said Sunday it would "welcome" direct trade talks with the United States, a day after US Treasury Secretary Steven Mnuchin said he would consider a trip to China.

Mnuchin said he was "cautiously optimistic" the United States could broker a trade deal with Beijing.

The world's two biggest economies have threatened each other with tariffs, rattling financial markets.

Meanwhile, Mexico and the European Union agreed a new trade deal over the weekend. The deal removes virtually all tariffs on goods, and marks a move by Mexico to reduce its reliance on trade with the United States.

It also opens the door for companies in the European Union or Mexico to bid for government contracts in the other.

2. UBS dips: Shares in UBS dropped as much as 4.4% in early trade in Zurich on Monday.

The bank posted earnings for the first quarter that beat forecasts, but investors focused on a weaker than expected performance by its global private wealth management division.

3. Global market overview: US stock futures were dipping lower early on Monday.

European markets opened mostly down, following a negative session in Asia.

The Dow Jones industrial average shed 0.8% on Friday, while the S&P 500 lost 0.9%. The Nasdaq was 1.3% lower.

US crude oil futures dipped 0.8% early on Monday, trading at $68 per barrel.

Before the Bell newsletter: Key market news. In your inbox. Subscribe now!

4. Earnings and economics: Alaska Air, Halliburton, Hasbro, Kimberly-Clark, and Philips are set to release earnings before the open Monday. Alphabet, the owner of Google, Sallie Mae, TD Ameritrade, and Whirlpool will follow after the close.

The Existing Home Sales report for March is set to be released at 10 a.m. ET.

Surveys of business confidence in manufacturing and services came in slightly above expectations in Germany and France.

Markets Now newsletter: Get a global markets snapshot in your inbox every afternoon. Sign up now!

5. Coming this week:
Monday - Alphabet, Hasbro, Kimberly-Clark and Whirlpool earnings
Tuesday - Caterpillar, Coca-Cola, Jetblue, Lockheed Martin, Restaurant Brands, Southwest, Verizon and Wynn Resorts earnings; Conference Board's consumer confidence index
Wednesday - AT&T, Boeing, Chipotle, Comcast, Dr Pepper Snapple, Facebook and Twitter earnings
Thursday - Time Warner, American Airlines, Dunkin' Brands, General Motors, PepsiCo, Starbucks and Southwest earnings
Friday - Exxon earnings; Q1 GDP

West Lafayette
Clear
78° wxIcon
Hi: 92° Lo: 71°
Feels Like: 80°
Kokomo
Clear
73° wxIcon
Hi: 92° Lo: 70°
Feels Like: 73°
Rensselaer
Clear
68° wxIcon
Hi: 88° Lo: 66°
Feels Like: 68°
Fowler
Clear
68° wxIcon
Hi: 89° Lo: 69°
Feels Like: 68°
Williamsport
Clear
75° wxIcon
Hi: 91° Lo: 70°
Feels Like: 75°
Crawfordsville
Clear
69° wxIcon
Hi: 90° Lo: 71°
Feels Like: 69°
Frankfort
Overcast
74° wxIcon
Hi: 90° Lo: 71°
Feels Like: 74°
Delphi
Clear
73° wxIcon
Hi: 91° Lo: 69°
Feels Like: 73°
Monticello
Clear
73° wxIcon
Hi: 95° Lo: 68°
Feels Like: 73°
Logansport
Clear
72° wxIcon
Hi: 90° Lo: 69°
Feels Like: 72°
WLFI Radar
WLFI Temps
WLFI Planner

Indiana Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 47432

Reported Deaths: 2687
CountyConfirmedDeaths
Marion11546683
Lake5104242
Elkhart321144
Allen2737129
St. Joseph190866
Cass16389
Hamilton1538100
Hendricks1390100
Johnson1256118
Porter72037
Tippecanoe6948
Madison65564
Clark64044
Bartholomew58244
Howard56557
LaPorte56326
Kosciusko5354
Vanderburgh5026
Marshall4823
Jackson4693
Noble46928
LaGrange4677
Hancock44035
Boone43743
Delaware43150
Shelby42325
Floyd37144
Morgan32731
Montgomery29320
Grant29126
Clinton2882
Monroe27628
Dubois2666
White26010
Henry25815
Decatur24932
Lawrence24225
Vigo2318
Dearborn22823
Harrison21222
Warrick21229
Greene18532
Miami1822
Jennings17411
Putnam1688
DeKalb1604
Scott1607
Daviess14216
Orange13623
Wayne1366
Steuben1282
Perry1279
Franklin1248
Ripley1157
Jasper1142
Wabash1122
Carroll1102
Fayette987
Newton9810
Starke923
Whitley905
Randolph784
Huntington742
Jefferson722
Wells711
Fulton691
Jay680
Washington681
Gibson672
Knox640
Pulaski641
Clay604
Rush563
Adams501
Benton480
Owen471
Sullivan441
Brown381
Posey380
Blackford372
Spencer371
Crawford300
Fountain302
Tipton301
Switzerland260
Martin220
Parke220
Ohio140
Vermillion140
Warren141
Union130
Pike100
Unassigned0193

COVID-19 Important links and resources

As the spread of COVID-19, or as it's more commonly known as the coronavirus continues, this page will serve as your one-stop for the resources you need to stay informed and to keep you and your family safe. CLICK HERE

Closings related to the prevention of the COVID-19 can be found on our Closings page.

Community Events