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Updated
July 12, 2018 8:56:28 AM
Trade tensions between the United States and China continue to rise, almost all major badets have plummeted – including the Australian dollar, gold, oil, metals and global equities
Markets at 7:05 (AEST): [19659008] ASX SPI 200 futures -0.1pc at 6,170, ASX 200 (close Wednesday) – 0.7pc to 6.216
The United States played a role in catalyst, after confirming Wednesday that they would impose additional duties of 200 billion US dollars (271 billion dollars).
Dow Jones blows 219 points, or 0.9 percent, to 24,700. The S & P 500 closed down 0.7%, while the Nasdaq fell 0.6%.
Industrial names such as Boeing, 3M and Caterpillar – which were hardest hit by the recent conflict
The fall of the US markets was not as marked as that of late March and late. April, when the growing trade rhetoric between China and the United States has dropped the S & P by more than 2% four times. [19659014Lachutedumarchéapeut-êtreétécontenueenpartiepardesspéculationsselonlesquellesl'administrationTrumppourraitchangerd'avisàlafindumoisd'aoûtlorsquelestarifsentrerontenvigueurseloncertainsstratèges[19659017]. The Paris, London and Frankfurt markets lose between 1.3% and 1.5% respectively
However, the worst-performing composite is the Shanghai Composite, which fell 1.8%.
Even though the latest tariffs against China are fully respected involve the Deutsche Bank economist, Zhiwei Zhang, predicted that China's real economy is expected to reach 0.3% of GDP.
Deutsche Banks economists have maintained their economic forecasts of 6.6% in China this year, and 6.3% in 2019.
Fall of the Australian dollar and commodities
The Australian stock market is expected to follow the wave of sales overseas and start the day down.
In the middle of the Red Sea, the US dollar's index moderately rose 0.7 percent to a record high of 94.77 against a basket of six competing currencies
As a result, the dollar Australian dollar fell sharply, down 1.2 percent to 73.65 cents. "The Australian dollar is often seen as a liquid substitution option for emerging market exposure given Australia's strong economic ties with China," said the chief foreign exchange officer of the NAB. The strategist Rodrigo Catril
"So it's not surprising to see the Australian decline in the current context of global growth dictated by trade."
"Add to that a slight rise in the VIX index [+ 7.8pc to 13.63] … from oil to copper … the London Metal Exchange Index [-2.5pc] … and gold, and you have the perfect recipe for a sluggish Australian dollar.
"We remain of the opinion that trade tensions are likely to worsen before they improve"
L & # 39; Intensification of the trade war between the world's largest economies has also weighed on commodity markets.
Brent crude oil plunged 6% to US $ 74.17. A B Arrel, its worst day in more than a year
Oil traders were also focused on the possibility of an increase in supply, as Libya solved a major disruption of its exports crude oil and Saudi Arabia. Spot gold also fell 1.1 percent to US $ 1,241.76 an ounce
Copper fell 3 percent to US $ 6,145 / tonne, its price down lower in one year.
Iron ore is down 0.9% to 63.34 dollars per ton in China, while aluminum from the London Metals Exchange fell 1.4% to $ 2,060 the tonne.
Topics:
business-economics-and-finance
motto,
the steps,
stock Exchange,
economic trends,
Australia,
United States
Published
July 12, 2018 07:40:27
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