U.S. stock futures pointed to a rebound on Tuesday, as positive headlines around China envied fears of an impending slowdown in the world's second-largest economy.
Wall Street appeared to track the upbeat sentiment in Europe and Asia. Indexes in both continents were mostly higher on the back of hopes that China would introduce more measures to support its economy. 003] Release released earlier this week showed that Chinese exports and imports fell sharply in December, while the country's trade surplus with the U.S. reached a record high.
The data put pressure on global equities, which broke off from last week's rally on Monday. Equities stateside kicked off in 2019 with strong gains, rebounding from a sell-off last month that briefly pushed the S&P 500 index into bear market territory. Street titans JP Morgan and Wells Fargo for Clues as to how they fared during last month's market volatility. Citigroup was the first major U.S. patent. bank to report revenues on Monday, posting fourth-quarter profit that beat analyst expectations – still, its fixed-income revenue fell 21 percent from the previous year as trading conditions deteriorated.
has entered its 25th day and is the longest shutdown on record. The Democratic Party is at odds with the Donald Trump administration over the president's proposed $ 5 trillion US-Mexico border wall.