The so-called “stock market bloodbath” has continued on Friday with major indices falling down to the lows of the last October. What's going on?
American equities stand still, as trade tensions resume
Information is not investment advice
On Wednesday, American futures pointed to a lower start because market participants still worry over worsening trade war tensions.
The S&P 500 equities went down by 0.04% trading at 2,910.50, while Dow futures rallied by 0.06% being worth 26,318.0. At the same time, Nasdaq 100 futures leapt by 0.01% coming up with an outcome of 7,525.25.
On Tuesday, China told that it would put fresh duties on American products worth $60 billion on September 24. In addition to this, Chinese statesmen also filed a complaint against the trade partner with the WTO, as anticipated.
The given announcement was made in response to American levies slapped on Monday of 10% on $200 billion in China’s products that will increase to up to 25% at the end of 2018. American leader previously told that his country would put duties on another $267 billion of extra Chinese products if the opponent dares to retaliate.
Tesla went down by 0.18% in premarket trade.
Besides this, Advanced Micro Devices Inc went down by 1.82%. At the same time, Facebook slumped by 0.47%.
Furthermore, Jd.Com Inc Adr managed to ascend by 1.63%. Netflix jumped by 0.84%, while medical marijuana company Tilray Inc added by 18.05%.
In the European Union, equities generally gained. The DAX added by 0.27% in Germany. The CAC 40 tacked on by 0.29% in France. The FTSE 100 added 0.01% in the United Kingdom. Moreover, the pan-European Euro Stoxx 50 managed to acquire 0.08%. As for IBEX 35, it inched down by 0.03% in Spain.
As for metals, gold futures ascended by 0.45% hitting $1,208.30 a troy ounce. Oil futures stood still at $69.59 a barrel.
Estimating the greenback’s purchasing power versus its primary counterparts the USD index went down by 0.20% trading at 94.03.
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