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On Thursday, American futures declined because trade worries resumed and market participants awaited a bunch of revenue releases.
The S&P 500 futures headed south by 0.64% being worth 2,792.75. Dow futures slumped by 0.71% coming up with an outcome of 25,110.0. Simultaneously, tech heavy Nasdaq 100 futures went down by 0.76% reaching 7,222.0.
Trade uncertainty kept putting pressure on market participants’ minds after news that the White House intends to come up with 25% duty instead of the initial 10% on $200 billion of imported China’s products. The two major economies of the world have been in a fierce trade conflict for the last few months that has put pressure on financial markets.
China told that it wouldn’t respond if America keeps imposing fresh trade tariffs. As a matter of fact, the Chinese Yuan approached a one-year minimum because of trade war worries. The currency pair USD/CNH rallied by 0.45% being worth 6.8553.
Meanwhile, Tesla managed to ascend by 8.36% during pre-market trade having posted higher than anticipated profit and in the face of apologies from CEO Elon Musk for his previous misconduct.
At the same time, Ferrari added 3.88%, Logitech International SA jumped by 2.20%.
Besides this, Apple slumped by 0.84%. In addition to this, Microsoft declined by 1.11%, Boeing edged down by 0.64%.
Meanwhile, European equities generally slumped. The DAX headed south by 1.71% in Germany, France’s CAC 40 inched down by 0.79%. The FTSE 100 slumped by 1.31%. Additionally, the Euro Stoxx 50 edged down by approximately 1.25%. The IBEX 35 went down by 1.25%.
Moreover, gold futures inched down by 0.23% hitting $1,224.80 a troy ounce. At the same time, crude futures lost approximately 0.84% reaching $67.09 a barrel.
Assessing the US currency’s purchasing potential versus a group of its main counterparts, the USD index managed to gain 0.31% trading at 94.75.
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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