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On Wednesday, American futures dipped because market participants weighed the very possibility of American leader following through on his initiative to slap another batch of US levies on Chinese products as soon as a public comment period concludes on Thursday.
Facebook and Twitter attracted much attention because their top executives had to face the US Congress over their inability to cope with everlasting foreign efforts to impact American politics.
Facebook headed south by 0.7% during premarket trade. Twitter sank by 0.5%. As for Snap Inc, it inched down by 0.8%.
Besides this, tariff fears put pressure on trade-sensitive businesses, with Caterpillar as well as Boeing sliding by respectively 0.4% and 0.6%.
Consultations on an American proposal to slap levies on $200 billion more in China’s products is expected to end on September 6. US leader is willing to put these duties as soon as the comment period is over.
Canada and the United States are going to resume negotiations to clarify disputes on revamping the North American Free Trade Agreement, notwithstanding Trump's threat to proceed with trade deals with just Mexico in a bilateral pact.
Dow e-minis decreased by 0.29%. As for S&P 500 e-minis, these futures dived by 0.20%. Nasdaq 100 e-minis lost 0.23%.
As for other equities, Nike headed south by 0.13%, still getting blows from a social media backlash right after it picked up Colin Kaepernick, the first NFL sportsman to desecrate the national anthem by kneeling down, to participate in a fresh advertisement campaign.
Meanwhile, General Electric headed south by 1.5% because brokerage UBS had its price objective on the stock cut on fears over the company's power business.
In addition to this, JD.com slumped by 4.5%.
Besides this, market participants are waiting for a report from the Commerce Department on the monthly international trade deficit for July.
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 Tuesday, gold rallied because uncertainty over the latest developments in Britain’s departure from the EU backed safe haven demand and traders looked ahead for American inflation data to underpin the Fed’s pledge to remain on hold…
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