U.S. Futures Lower Ahead of Trade Data, Powell Speech

U.S. Futures move lower as investors wait on economic news, including a report on trade and a speech from the Fed Chairman.

Americans are expected to have bought up more foreign made goods, while exporting fewer American made products in the latest month. As such, investors anticipate an increase in the trade deficit.

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Meanwhile, Fed Chair Jerome Powell will speak to the National Association for Business Economics annual meeting at 10:40 am ET. The Fed chief may indicate more support is needed for the economy–specifically from Washington lawmakers.

Investors are also trying to understand how the President’s illness and the infection among U.S. Senators and members of the Trump White House staff will affect the country.

In bond markets, the yield on the benchmark 10-year Treasury ticked higher to 0.768%, from 0.760% Monday.

Overseas, Stoxx Europe 600 ticked down 0.1%.

In Asia, markets saw small gains, with Hong Kong’s Hang Send Index up 0.9% and Japan’s Nikkei 225 ending up 0.5%..

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