Asian and European stock markets were mostly weaker overnight. The U.S. stock indexes are pointed toward slightly lower openings when the New York day session begins, after setting record and contract highs Wednesday. Today is typically one of the lowest-volume days of the year for the U.S. stock market.
There is a bit of concern in the world marketplace late this week after President Trump late Wednesday signed a bill supporting Hong Kong’s anti-government protestors. Traders and investors are unsure how China is going to react, especially given that the U.S. and China had appeared very close to signing a partial trade deal. Such may still be the case, but maybe not, either.
In overnight news the Euro zone jobless rate came in at 7.5% in October versus 7.6% in September. The Euro zone consumer price index in November was up 1.0%, year-on-year, versus a reading of up 0.7% in October.
The key “outside markets” today see the U.S. dollar index slightly up. Nymex crude oil prices are near steady and trading around $58.00 a barrel.
There is no major U.S. economic data due for release Friday and some financial and commodity markets close early due to the Thanksgiving holiday on Thursday.