Daily Market Commentary

January 11, 2019

U.S. stock futures slipped with European shares on Friday, while Asian equities rose at the end of a week when sentiment was mostly bolstered by a dovish tone from the Federal Reserve and hopes for a breakthrough on trade. The dollar fell and Treasuries advanced.

Economists put the risk of a U.S. recession at the highest in more than six years amid mounting dangers from financial markets, a trade war with China and the federal-government shutdown.

The U.K. Parliament continues to debate Theresa May's apparently doomed Brexit deal, with speculation mounting that exit day will be delayed. The pound rose on growing expectations that Brexit will be postponed.

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