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On Tuesday, American futures pointed to a dive amid soaring worries about the trade conflict.
The Dow blue chip index headed south by 1.31% being worth 24688.0, the S&P 500 futures sank by 1.10% ending up with 2,749.25. As for the futures of high-tech Nasdaq 100, they slumped by 1.04% demonstrating an outcome of 7200.00.
Tensions in trade relations between China and the United States resumed. The both leading economies keep threating each with further tariffs on imported stuff.
The latest event was Donald Trump’s threat to impose extra tariffs on China’s goods worth $200 billion. Donald Trump stressed that the new American tariffs will come into force in case China denies to change its approach to trading and proceeds with imposing new duties on US goods.
On Friday, US leader uncovered the introduction of a 25% tariff on China’s goods worth approximately $50 billion. Responding to this move, the leading Asian country came up with a 25% tariff of $34 billion on US stuff, including soybeans and vehicles.
The equities of companies in most sectors of the American economy headed south. The equities of Apple inched down by 0.92%, the stocks of Twitter Inc lost 1.74%, while the stocks of General Electric went down by 1.59%. As for the equities of Tesla, they edged down by nearly 1.8%. Additionally, the stocks of JPMorgan decreased by 1.23%, while the stocks of Intel lost 1.32%.
As for the shares of Intuit, the company specializing in software development, they dived by 0.40%.
European equities found themselves in the red zone. France’s CAC 40 declined by 1.03%, Germany’s DAX lost 1.24%, while London's FTSE 100 headed south by 0.41%. As for the European Euro Stoxx 50 index, it tumbled by 1.10%, while the Spanish IBEX 35 lost 0.72%.
On Friday, Wall Street's key indexes were braced for reporting their biggest weekly profits for a month because traders were quite optimistic about the everlasting trade negotiations to tackle a bruising tariff clash between China and America…
On Thursday, Wall Street shrugged off early losses because a sudden dive in retail sales affected investor hopes for progress at the everlasting US-China trade negotiations in Beijing…
On Wednesday, European equities went up because upbeat mood about Washington and Beijing trade negotiations backed global markets, while data revealed that earnings surge estimates for the European Union are stabilizing after abrupt downward revisions…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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