U.S. stocks skidded Monday, putting all main indexes on track for their worst day since Jan. 3, as China moved to raise tariffs on U.S. goods and take other retaliatory measures after Washington last week increased duties on Chinese imports and both sides appeared to harden their positions.
In several tweets over the weekend, President Donald Trump argued that the U.S. was in an advantageous position over trade, though White House economic adviser Larry Kudlow admitted Sunday that “both sides” will feel the pain. His comment that Trump and China’s President Xi Jinping may meet at the Group of 20 international conference in June failed to soothe investors.Trump early Monday continued to tweet regarding the talks, arguing that there was “no reason” for U.S.
“One of these pillars has been taken away, and that’s even more important because we are also dealing with the negative underlying force of deteriorating economic data.” “Protectionism and the impact that can have on demand can be hard to model, and it feels that with these dynamics in play the market will further de-risk, with traders wanting a return of their equity, as opposed to on their equity,” Weston added.
Videogame publisher Take-Two Interactive Software Inc. TTWO, -3.17% and Tencent Holdings Ltd. TCEHY, -3.88% are both set to report earnings after the close on Monday.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
-596
Almost as good as an up day!
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian stocks move lower Monday as markets react to failed U.S.-China trade talks in WashingtonShares were mostly lower in Asia on Monday after trade talks between the U.S. and China wrapped up Friday without an agreement.
Source: MarketWatch - 🏆 3. / 97 Read more »
What to watch today: Stocks struggling, US-China tariffs, bitcoin and moreAfter a late Friday rally, China trade worries have returned to pressure stock index futures. Buy cannabis. Simple Time to flip some calls later today once the blood stops flowing. No worries folks, it’s just another day of computerized organized crime on fraudstreet, “hopes” headlines will be back soon. lol
Source: CNBC - 🏆 12. / 72 Read more »
Asian stocks, yuan fall as Sino-U.S. trade talks deadlocked; investors await China retaliationU.S. stock futures and Asian shares fell on Monday on growing anxiety over wheth... Chinese stocks have been terrible lately وقال ترامب: 'تستمر المحادثات مع الصين بطريقة متجانسة للغاية - ليست هناك حاجة على الإطلاق للتسرع - حيث يتم دفع الرسوم الجمركية الآن إلى الولايات المتحدة من الصين بنسبة 25 ٪ على سلع ومنتجات.. The Chinese stock market collapses again !
Source: Reuters - 🏆 2. / 97 Read more »
China stocks fall, yuan at four-month low as U.S. trade talks stallChina's main equity indexes finished lower on Monday and the yuan weakened ... What’s the performance of our own stocks? After a year of non-performance thanks to Trump, I got all my $ out of the sharemarket. Trade wars work both ways
Source: Reuters - 🏆 2. / 97 Read more »
Trade Tensions: The U.S.-China Dispute Remains Center Stage For StocksThe trade war between the U.S. and China ratcheted up further this morning as China struck back with raised tariffs of its own
Source: Forbes - 🏆 394. / 53 Read more »
Asian stocks, yuan fall as U.S.-China seen deadlocked in trade talksU.S. stock futures fell and Asian shares slipped on Monday on growing uncertaint... trade war is a lose lose game. This is part of the Art of the Deal that Trump forgot to write about. Managing High Finance and Trade are not in his skill set. He is a Flim-Flam artist and the Chinese are not stupid or Putin or Kim Jung-Un. Kim asked for $2 million for Otto Warmbier UP Front. Another Trump Lie? Any fall in yuan will soften the harm to Chinese exports to U.S! Then U.S will blame China for currency manipulation! What happened to free market ideology of American conservatives?
Source: Reuters - 🏆 2. / 97 Read more »
China stocks, yuan end up, pin hopes on trade deal despite U.S. tariff hikeChinese shares ended higher and the yuan strengthened on Friday as investors bet... bad reporting. yuan had its worst week since last summer.
Source: Reuters - 🏆 2. / 97 Read more »
Stocks futures subdued as trade deal hopes offset new China tariffsU.S. stock index futures were muted on Friday, as expectations of a deal during ... It's early. The world awaits the 'Don's' tweets. Expect a strong finish today!!! SHOP TODAY FOR YOUR 2020 TEE!! MAGA TrumpRally Trump2020 TRUMP
Source: Reuters - 🏆 2. / 97 Read more »