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The pullback in the major U.S. equity........>

STOCKS
STOCKS: The pullback in the major U.S. equity indices ahead of the Wall St.
close came about after U.S. President Trump noted that he expects a "quick"
trade deal with China. Trump also noted that his administration's blacklisting
of Chinese telecom giant Huawei could become a bargaining chip in trade
negotiations with China. This pullback has spilled into U.S. equity index
futures during Asia-Pac hours, and likely prevented a worst case scenario for
regional equity markets, which trade mixed at writing.
- That being said, worries re: global growth remain, which resulted in Chinese &
Hong Kong metrics pulling back from their early session peaks.
- Nikkei 225 -0.5%, Hang Seng +0.2%, CSI 300 +0.1%, ASX 200 -0.7%.
- S&P 500 futures +9, DJIA futures +70, NASDAQ 100 futures +25.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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