Here's everything an investors needs to know Wednesday.
Government bond markets around the world continued to rally as investors faded bets linked to U.S.-China trade talks and focused on flagging global growth prospect. The US 10 year treasury is yielding 1.95%, its lowest level since late 2016. Bond investors to the Fed: Lower rates soon please. Interestingly, stocks are up Wednesday.
The market remains worried that trade dispute between U.S. and Brussels could escalate.
A Reuters report suggested enforcement officers at the Commerce Department have urged the White House staff to treat China's Huawei Technologies as a blacklisted company. These Huawei-supplying stocks are the ones to watch: Qualcomm (QCOM - Get Report) , Qorvo (QRVO - Get Report) , Broadcom (AVGO - Get Report) and Micron (MU - Get Report) .
Tesla said total deliveries for the quarter rose 51% from the same period last year to a company record 95,200 vehicles.
Trump tweeted that he plans to nominate Christopher Waller, director of research at the Federal Reserve Bank of St. Louis, and Judy Shelton, U.S. executive director at the European Bank for Reconstruction and Development to the Fed.
Auto legend Lee Iacocca passed away.
Here's the Economic Data coming out both Wednesday and Friday:
- ADP National Employment Report for June at 8:15 a.m. Stay tuned for TheStreet.com's piece out Friday on which unemployment data points investors should pay more attention to.
- ET, International Trade for May at 8:30 a.m
- Weekly Jobless Claims at 8:30 a.m.
- Factory Orders for May at 10 a.m.
- ISM Non-Manufacturing Index for June at 10 a.m
- COMING UP: Jobs report on tap Friday
Don't miss TheStreet.com's chat with Bankrate.com's Senior Economist on unemployment data, coming later this morning.