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Coming up Strengthened As U.S MARKET RECAP at 4 pm ET Stocks rose, and the dollar Coming Up strengthened as U.S. President Trump predicted that the U.S. and China A report from the commerce would reach a trade deal. The yield department is expected to show curve inverted further, ahead of two- consumer confidence index dropped year notes auction tomorrow. Oil prices to 129.5 in August from 135.7 in July. edged lower, after France's president lifted hopes for a deal between the U.S. LIVECHAT - U.S. RATES VIEW and Iran. Gold retreated from a 6-year Gennadiy Goldberg, senior U.S. rates peak as safe haven demand waned. strategist at TD Securities, reviews credit markets and tells the GMF what to look out for next. (0900 ET/1300 REUTERS/Mark Makela GMT) To join the conversation, click STOCKS Close Chng %Chng Yr-high Yr-low DJIA 25898.83 269.93 1.05 27398.68 21712.53 here Nasdaq 7853.74 101.97 1.32 8339.64 6457.13 S&P 500 2878.38 31.27 1.10 3027.98 2443.96 Toronto 16098.79 61.21 0.38 16672.71 13776.88 KEY ECONOMIC EVENTS FTSE 7094.98 -33.20 -0.47 7727.49 6599.48 Events ET Poll Prior Eurofirst 1460.84 1.40 0.10 1554.34 1308.86 Nikkei 20261.04 -449.87 -2.17 22362.92 19241.37 Monthly home price mm for Jun 0900 -- 0.1% Hang Seng 25680.33 -499.00 -1.91 30280.12 24896.87 Monthly home price yy for Jun 0900 -- 5% Monthly Home Price Index for Jun 0900 -- 275 TREASURIES Yield Price Caseshiller 20 mm SA for Jun 0900 0.2% 0.1% 10-year 1.5401 -4 /32 Caseshiller 20 mm NSA for Jun 0900 -- 0.6% 2-year 1.5432 -1 /32 Caseshiller 20 yy for Jun 0900 2.4% 2.4% 5-year 1.4237 -2 /32 Consumer Confidence for Aug 1000 129.5 135.7 30-year 2.0408 -13 /32 Rich Fed Composite Index for Aug 1000 -- -12 FOREX Last % Chng Rich Fed, Services Index for Aug 1000 -- 11 Euro/Dollar 1.1095 -0.44 Dollar/Yen 106.14 0.71 Sterling/Dollar 1.2218 -0.48 S&P 500 Price $ Chng % Chng Dollar/CAD 1.3257 -0.16 GAINERS TR/HKEX RMB 90.80 -0.02 TechnipFMC PLC 24.01 0.91 3.94 DISH Network Corp 32.26 1.22 3.93 COMMODITIES ($) Price Chng % chng CenturyLink Inc 11.61 0.40 3.52 LOSERS Front Month Crude /barrel 53.81 -0.36 -0.66 Philip Morris International Inc 77.75 -3.47 -4.27 Spot gold (NY/oz) 1528.58 2.47 0.16 L Brands Inc 16.92 -0.61 -3.48 Copper U.S. (front month/lb) 0.0254 0.0001 0.30 Gap Inc 16.38 -0.55 -3.22 CRB Index Total Return 177.71 0.34 0.19 1 Market Monitor Stocks rose, following a sharp sell- off in the prior session, after U.S. President Donald Trump predicted a trade deal with China, cooling investor concerns after a ramp-up in rhetoric derailed markets last week. "If there is one thing we have learned over the last year or so is things can change very quickly," said Mike Loewengart, vice president, investment strategy at E*Trade Financial Corp. "The sentiment is optimism on account of the hopes that there will be some progress on the trade front, coupled with some encouraging economic metrics that reinforced the strength." Shares of tariff-sensitive companies rose in response. Apple's 1.9% gain boosted technology stocks by 1.39% to 1369.95. The Philadelphia Semiconductor index rose 0.86% to Traders watch monitors displaying a media conference with U.S. President Donald Trump live at 1458.88. Dish Network shares rose the G7 summit on the trading floor at the New York Stock Exchange (NYSE) in New York City, 3.93% after brokerage upgrade. The U.S., August 26. REUTERS/Andrew Kelly Dow Jones Industrial Average rose 1.05%, to 25,898.83, the S&P 500 The dollar strengthened, recovering their trade war. "Now the market is gained 1.10% to 2,878.38 and the from overnight losses after the United pondering the possibility that we'll see Nasdaq Composite added 1.32%, to States and China sought to ease trade a flood or Iranian oil come onto the 7,853.74. war tensions. "It has been a bit of a market if there's progress made," said roller coaster. We had the dollar Phil Flynn, an analyst at Price Futures The yield curve inverted further with opening up quite weak in Asia last Group in Chicago. "We have to be yields on shorter-dated yields rising night. Then a number of things have admittedly cautious because we've more than longer-dated ones, as happened to reverse that including heard of deals one minute only to be upcoming supply of shorter-maturity dollar/CNH pushing higher," said tweeted down the next minute." Brent Treasury debt outweighed the easing Daniel Katzive, head of foreign crude lost 0.79% to $58.87 a barrel. of trade tensions between China and exchange strategy for North America at U.S. crude futures fell 0.66% to the United States. The U.S. Treasury BNP Paribas. In a sign that some calm $53.81 a barrel. Department will sell $113 billion in fixed had returned to markets, the dollar -rate debt supply this week, starting rose 0.72% against the Japanese yen Gold erased early gains, slipping from with a $40 billion auction of two-year to 106.15 yen. The dollar index was a six-year high touched during the notes on Tuesday. Benchmark notes last up 0.44% at 98.07. session, as some of the safe-haven fell 4/32 yielding 1.54%. 2-year notes demand waned. Spot gold was last were down 1/32 to yield 1.54%. The Oil prices edged lower on the outlook 0.1% up at $1,527.70 per ounce, inversion between two-year and 10- for increased supply of Iranian crude paring gains to shed more than $20 year yields deepened to -1.7 basis after France's president lifted hopes for from earlier in the session when the points and was last -0.5 basis points. a deal between Washington and metal had jumped to its highest level 30-year bonds fell 13/32 yielding Tehran, but losses were limited by since April 2013 at $1,554.56. Gold 2.04%. growing hopes that the United States futures were 0.04% higher at and China could make a deal to end $1,538.20 per ounce. 2 Top News Amgen to buy Celgene psoriasis Celgene's Otezla growth story drug Otezla for $13.4 billion Amgen will buy Celgene's psoriasis drug Otezla for $13.4 billion in cash, clearing the way for Bristol-Myers Squibb to go ahead with its $74 billion deal for Celgene by the end of the year. Amgen is paying a hefty price for the drug, analysts and investors said. Bristol-Myers said in June that it would sell Otezla to allay concerns raised by the Federal Trade Commission because of a competing treatment that it is developing. Otezla brought in sales Click on the chart for a detailed and interactive graphic of $1.61 billion last year. Amgen said it expected the drug's sales to grow at least in the low-double digits over the companies such as Facebook, Google company was forced to restate three next five years. Amgen said it expects and Amazon. They are currently able to years of results. Basilio had been the deal to produce tax benefits with a book profit in low-tax countries such as Heinz's finance chief when it merged present cash value of $2.2 billion, Ireland and Luxembourg, no matter with Kraft in 2015 and remained in the reducing the actual deal total to $11.2 where the revenue originates. role in the unified company until billion. Bristol-Myers said most of the October 2017, when Kraft Heinz's proceeds from the sale will go to pay KFC partners with Beyond Meat to second largest shareholder 3G Capital down debt from the Celgene deal. It test plant-based nuggets, wings persuaded the board to embark on also increased a previously planned $5 Yum Brands said will be testing changes centering around heavy cost- billion accelerated share buyback to $7 Beyond Meat's plant-based chicken cutting. Under 31-year old Knopf, who billion. nuggets and boneless wings at an would return to his role as a partner at Atlanta KFC restaurant, the latest fast- 3G Capital, Kraft Heinz has this year Macron defuses French digital tax food chain trying new options to attract written down $15.4 billion in the value row, Trump coy on wine threat vegan diners. The quick-service of two marquee brands, slashed France and the United States reached restaurant will roll out its vegan menu dividends and withdrawn its financial a deal to end a standoff over a French items nationally based on the customer outlook. tax on big internet companies, though feedback from the Atlanta test, Yum U.S. President Donald Trump declined said. Beyond Meat has already Constellation expects $54.8 million to say whether his threat of a retaliatory partnered with sandwich chain in quarterly losses from Canopy wine tax was off the table as a result. Subway, Del Taco Restaurant, Carl's investment The compromise struck between Jr, Dunkin' Brands and Restaurant Constellation Brands expects to record French Finance Minister Bruno Le Brand International's Tim Hortons.
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