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On Wednesday, American stock futures pointed to a steeply lower start because a trade clash between American and China strengthened, thus assisting market participants in ditching assets considered to be more risky.
The S&P 500 futures sank by up to 0.66% being worth 2,778.25, Dow futures headed south by 0.78% coming up with a reading of 24,732. As for the tech-heavy Nasdaq 100 futures, they slumped by 0.83% demonstrating 7,240.75.
As a matter of fact, the trade threat returned into focus after the US current presidential administration uncovered plans late Tuesday to put duties of 10% on an extra $200 billion worth of China’s products.
News of the extra duties drove worries of a trade conflict back into the spotlight a couple of days after the two leading economies imposed duties of about $34 billion on each other.
Apparently, the tit-for-tat duties have powered concerns as for the prospect of a full-fledged trade clash that market participants fear could heavily affect global surge.
The stocks of Twenty-First Century Fox drew attention after it managed to raise its takeover offer for the UK’s Sky to about $32.5 billion, thus sparking a bidding conflict with Comcast.
The stocks of Facebook headed south by 0.82% ahead of the start reacting to reports that it would be fined by the UK’s information watchdog for gaps in the data protection law after the Cambridge Analytica incident.
In addition to this, NVIDIA Corp stocks inched down by 1.68% before the start after on Tuesday the company uncovered a partnership with German car manufacturer Daimler as well as car parts producer Bosch to start testing a self-driving taxi project.
Fastenal, Bank of the Ozarks and MSC Industrial turned out to be among some of the companies expected to reveal their outcomes on Wednesday.
On Wednesday, American stock index futures headed south because dismal data out of China affected market sentiment, while traders waited for more developments related to the US-China trade conflict…
On Wednesday, Italian stocks led losses in the European Union right after the country's deputy prime minister told that Rome considers breaking EU fiscal rules, thus masking early revenue powered by optimism around the US-China trade conflict…
On Tuesday, another US-China tariff conflict escalation put pressure on Asian stocks, although remarks from American leader that he expects trade talks to be successful backed market sentiment…
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…
On Monday, gold declined because the evergreen buck managed to gain early traction, thus putting pressure on the most popular precious commodity, which has been sticking with the year’s minimums…
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