US Equity Futures Drop Amidst Trade War, Earnings Concerns

Key Points:

* US equity futures and European stocks declined as investors navigate trade tensions and corporate earnings announcements.
* Nasdaq 100 futures fell 0.9% due to disappointing results from Alphabet and Advanced Micro Devices.
* Stoxx Europe 600 edged lower, with healthcare gains offsetting losses in technology.
* Tariff risks remain a primary concern despite China's cautious approach in the latest US-China trade war.
* The yen strengthened against the dollar, and gold reached a record high on safe-haven demand.
* US Treasury yields dipped and the dollar index extended losses after a decline in job openings.
* Companies reporting results include Uber, Disney, Ford, and Qualcomm.

Market Movers:

* Stocks: Stoxx Europe 600 (-0.1%), S&P 500 futures (-0.6%), Nasdaq 100 futures (-0.9%), Dow Jones Industrial Average futures (-0.3%), MSCI Asia Pacific Index (+0.8%), MSCI Emerging Markets Index (+0.4%).
* Currencies: Bloomberg Dollar Spot Index (-0.3%), Euro (+0.3%), Japanese Yen (+0.9%), Offshore Yuan (+0.2%), British Pound (+0.4%).
* Cryptocurrencies: Bitcoin (+1.4%), Ether (+5.1%).
* Bonds: 10-year Treasury yield (-3 basis points), Germany's 10-year yield (-4 basis points), Britain's 10-year yield (-5 basis points).
* Commodities: Brent crude (-0.9%), Spot gold (+0.9%).

Key Events This Week:

* Eurozone HCOB Services PMI, PPI (Wednesday)
* US trade, Fed speakers (Wednesday)
* Eurozone retail sales (Thursday)
* UK rate decision, Amazon earnings, US initial jobless claims (Thursday)
* US nonfarm payrolls, unemployment, University of Michigan consumer sentiment (Friday)