Shares steady...Trump SOU has solid economy as a base...Big 3 go heavy
BANGKOK (AP) — Global Shares were mostly higher Tuesday ahead of President Donald Trump’s State of the Union address to Congress. Many Asian markets are closed for the Lunar New Year. Futures point to opening caution on Wall Street. Benchmark U.S. crude oil slipped below $54.50 per barrel. The dollar was flat against the yen and stronger against the euro.
WASHINGTON (AP) — President Donald Trump will enjoy the backdrop of a mostly solid economy as he delivers his second State of the Union address Tuesday night, though questions about its sustainability linger. Trump will likely tout the latest signs of strength: Friday’s jobs report showed that employers added the most jobs in January in nearly a year. The proportion of Americans working or looking for work reached a roughly five-year high. And a separate report showed that factory output rose at a healthy clip in December.
DETROIT (AP) — All three Detroit automakers are rolling out new heavy-duty pickup trucks this year, courting buyers who tow heavy trailers for work or recreation. The introductions are sure to spark claims about horsepower, torque, towing capacity and payload hauling. Pickups from Detroit were the three top-selling vehicles in the U.S. last year, totaling more than 2 million in sales. Heavy-duty versions, with bigger frames, beds, interiors and engines, make up about 30 percent of that.
LONDON (AP) — A closely watched survey shows that economic growth across the 19-country eurozone dipped further at the start of 2019 to its lowest level in five-and-a-half years. Financial information company IHS Markit said Tuesday that its composite purchasing managers index — a gauge of business activity across the manufacturing and services sector — fell to 51.0 points in January from 51.1 the previous month. Anything below 50 indicates a contraction. With Brexit less than eight weeks away, it’s becoming clear that the British economy is stalling as firms struggle with uncertainty.
LONDON (AP) — British Prime Minister Theresa May is traveling to Northern Ireland seeking support for her stalled withdrawal plan from the European Union. May plans to speak to business leaders Tuesday and will also meet with Democratic Unionist Party chief Arlene Foster. The prime minister hopes to win political support for a solution to the vexing question of how Britain can leave the European Union next month without the need for a hard border between EU member Ireland and Northern Ireland, which is part of the United Kingdom.