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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 Thursday, European equities rebounded right after the Chinese government told it would hold trade negotiations with America in Washington a bit later this month, thus causing a recovery in investors' risk appetite on expectations of a trade conflict…
On Thursday, Asian markets were generally mixed because the Chinese government uncovered its plans to resume trade negotiations with America in an attempt to soothe tensions between the two leading economies…
On Wednesday, American stock equities were braced for a lower start, with market participants weighing the influence of the Turkish currency downtime and the worsening tariff clashes between America and its key trading partners…
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
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