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On Wednesday, US equities dived a bit because trade clashes between China and the United States resumed.
The S&P 500 inched down by 0.08% reaching 2,855.90, and the Dow slumped by 0.09% showing 25,607.01. As for the tech-heavy Nasdaq Composite, it went down by 0.10% trading at 7,875.92.
On Wednesday, China officially announced that it was fighting back the American trade duties, while on Tuesday the American government told that it’s going to slap a 25% duty on $16 billion of the opponent’s products on August 23, so the trade conflict between the two major economies of the world worsens. That’s the second set of duties against the Asian country for two months.
CVS Health appeared to be amidst the top performers after the morning bell, tacking on by up to 5.19% after its revenue beat forecasts. At the same time, Facebook managed to soar by 0.16%, while Bank of America edged up by approximately 0.18%.
In addition to this, Tesla was caught tumbling by nearly 2.14%. On Tuesday, the company inched up by about 11% right after Chief Executive Elon Musk told that he was considering taking the luxury car manufacturer private. As for Snap, it went down by 6.38% because the social media app posted an abrupt sink in daily active users. Walt Disney lost about 0.40% due to the fact its revenue came in lower than anticipated.
In the European bloc, equities were generally mixed. The DAX headed south by 0.18% in Germany. The CAC 40 went down by 0.34% in France. The FTSE 100 leapt by 0.64% in Great Britain. In addition to this, the Euro Stoxx 50 declined by about 0.46%. The IBEX 35 decreased by 0.65% in Spain.
Gold futures gained 0.01% trading at $1,218.40 a troy ounce. As for crude futures, they dipped by 1.49% being worth $68.14 a barrel.
On Wednesday, upbeat signs from trade negotiations between the world's two leading economies spurred EU equities, while the threat of a blocked merger deal had Sainsbury's shares suppressed…
On Tuesday, American shares struggled for direction due to the fact that profits in Walmart compensated losses in financials, with trade negotiations between China and America in focus…
On Monday, British equities generally slipped after the close…
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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