Dow falls nearly 200 points to kick off third-quarter trade as global worries simmer

US stock benchmarks on Monday began third-quarter trade on a downbeat note as a parade of anxieties rattled investors during a holiday shortened week.

The Dow Jones Industrial Average fell 185 points, or 0.8%, at 24,087, the S&P 500 index retreated by 0.7% at 2,700, while the Nasdaq Composite Index fell by 0.9% at 7,447. A Financial Times report on Sunday headlined simmering worries about clashes between the U.S. and trade partners in the European Union, China and North America. The FT report indicates that the EU has threatened $ 300 billion in fresh tariffs on U.S. products if President Donald Trump follows through on a threat of 20% levies targeting the trade bloc’s auto makers.

Canadian retaliatory tariffs took effect Sunday, with those measures serving as a response to U.S. metals tariffs. Meanwhile, markets also were focusing on political uncertainties in Germany, where Chancellor Angela Merkel and her interior minister were set to meet later Monday in a last attempt to resolve a spat in immigration in the country that could result in heightened instability in politics in Germany, the largest economy in the EU. U.S. markets will be closed on Wednesday in observance of Independence Day.

Source : Marketwatch

PT Bestprofit Futures – MARKET
Sumber :

Tokyo Stocks Open Lower as Global Trade Worries Weigh

Tokyo stocks opened lower on Monday amid worries about global trade as a key business sentiment survey showed confidence among Japan’s biggest manufacturers has slipped.

The benchmark Nikkei 225 index dropped 0.21 percent or 47.85 points to 22,256.66 in early trade while the broader Topix index was down 0.23 percent or 4.00 points to 1,726.89.

Source : AFP

PT Bestprofit Futures – MARKET
Sumber :

European stocks open mixed amid global trade fears

European markets opened mixed Wednesday morning, while oil prices climbed after the U.S. moved to pressure allies to stop buying Iranian crude.

The pan-European Stoxx 600 was flat at 377.33 shortly after the opening bell, with sectors and major bourses pointing in opposite directions.

The U.S. demanded all countries stop imports of Iranian oil from November on Tuesday, exacerbating concerns about a shortage of crude at a time when Venezuela’s production is in freefall and the market is grappling with short-term disruptions from Canada and Libya.

However, gains in energy stocks were largely overshadowed by the fragile mood regarding global trade. The prospect of a settlement to Sino-U.S. tensions continued to look remote Wednesday.

Source : CNBC

PT Bestprofit Futures – MARKET
Sumber :

1 2 3 129