Here’s what you need to know:
China strikes back at Trump. China’s foreign ministry said the country had no intention of using currency devaluation to its advantage in trade, after President Donald Trump said China is a “grand champion” at manipulating its currency.
Alphabet sues Uber. Waymo, the Google self-driving-car group, alleged that Uber used stolen technology to advance its own autonomous-car development.
The Dow could break its historic streak. The Dow Jones industrial average on Thursday closed at a record high for a 10th straight day, the longest stretch since 1987. Futures indicated a lower open ahead of the opening bell.
Oil investors are placing historic bets. Fund managers hold more Brent oil futures and options contracts than at any time on record, equivalent to some 480 million barrels of oil, Reuters reported.
HP Enterprise’s revenues drops 10%. Sales fell in the first quarter ended January 31 amid sluggish demand for its storage equipment and servers.
Global stock markets are weaker. S&P 500 futures are down about 0.5%. The FTSE 100 in London is off 0.75%, weighed down by earnings from RBS.
Economic data is light. The University of Michigan’s survey of consumer sentiment and new-home sales will be published at 10 a.m. ET. The 10-year yield is down two basis points at 2.367%.
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