Sliding futures on US stock indexes as speculators on Linger global trade



[ad_1]

US equity futures fell during European and Asian times as trade tensions continued to weigh on the markets.

S & P 500 futures fell 0.6% at 10:10 am in London after falling 0.7% early in the session. Dow Jones Industrial Average and Nasdaq contracts fell by 0.7% and 0.9% respectively.

Shares slipped into Asia and Europe as the world's largest trading partners to reduce the delay on rates over the next two weeks. The Treasury Department plans to intensify the examination of Chinese investments in US companies involved in technologies such as new energy vehicles, robotics and aerospace, according to eight people familiar with the plans.

"The United States insists that all countries that have placed artificial barriers and tariffs on goods entering their country, remove these barriers and tariffs or meet more than reciprocity on the part of the United States", he added. says in a tweet. "Trade must be fair and no longer a one-way street!"

The benchmark S & P 500 fell by nearly 1% last week – the first drop in more than a month – after a series of increasing declines between the world's two largest economies. Trump ordered his sales representative to identify $ 200 billion of Chinese imports to submit at additional rates. It was in response to Beijing's imposition of duties on areas considered politically sensitive after Trump had previously imposed taxes on Chinese products worth $ 50 billion.

Last week, the European Union promised to retaliate if Trump continues with a threat of imposing a 20 percent fare on cars imported from the region unless the block removes duties and other barriers on US goods.

"The only way to see a decent rally is whether we start hearing more conciliatory tones in the United States, and that does not happen," said Nick Twidale, chief operating officer of the United States. Australian unit of Rakuten Securities. "It was a relief rally Friday, but we are still open to further declines this week."

– With the help of Filipe Pacheco

(Updates with the market movements in the second paragraph.)

[ad_2]
Source link