The Tuesday Market Minute

  • Global stocks mixed as markets react to President Trump’s return to the White House from Walter Reed Medical Center.
  • Trump told reporters he was ‘feeling good’ following three days of treatment for his coronavirus infection, but doctors warned that the worst of his symptoms could still surface.
  • Treasury Secretary Mnuchin and House Speaker Pelosi set to resume stimulus talks Tuesday, but the infection of three GOP Senators with COVID-19 could delay ultimate vote for fresh fiscal support
  • Federal Reserve Chairman Jerome Powell speaks at 10:40 am Eastern time, with key central bank address from ECB and BoJ officials slated to follow Tuesday.
  • U.S. equity futures suggest a softer open on Wall Street ahead of redbook retail sales data at 8:55 am Eastern time and Powell’s webcast speech at 10:40 am Eastern time.

U.S. equity futures drifted lower Tuesday, while benchmark Treasury bond yields held at higher levels after a breakout move on Monday, as markets reacted to President Donald Trump’s return to the White House following three days of treatment for his coronavirus infection at Walter Reed Medical Center.

Trump, whose positive test was determined on Thursday, told reporters in Washington he was feeling ‘good’ upon his return to the White House, although doctors cautioned that the worst of the disease’s symptoms could flare up later this week.

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