Stock-market futures edge lower as Trump tweets threat of $11 billion in ‘tariffs on EU products’

U.S. stock benchmarks on Tuesday were seeing muted to slightly lower trade, amid the threat of a fresh escalation of tensions on tariffs with the European Union.

What’s driving the market? A fresh clash in international trade is being digested by investors in early morning action, after the office of the U.S. Trade Representative threatened to levy tariffs on many European goods late Monday. The threat is a retaliation against European companies’ subsidies for aircraft manufacturer Airbus SE EADSY, +1.87% If the U.S. follows through, the proposed tariffs would affect about $11 billion in imports to the U.S.

— Donald J. Trump April 9, 2019 Fresh tensions in international trade comes as Trump’s administration was reportedly close to resolving a yearlong spat with China, which has roiled markets because such a clash between the world’s largest economies could disrupt global economic growth, market participants have said.

Before that report, a reading of small-business optimism was little changed in March, according to a survey released Tuesday. The National Federation of Independent Business reported its small-business optimism index edged up 0.1 points to a seasonally adjusted 101.8, marking the third month in a row in a narrow range.

Avaya Holdings Corp. AVYA, +3.14% stock was in focus, after Bloomberg reported Thursday evening that the communications software company is organizing a sales process for the company, following the receipt of unsolicited bids. Shares have risen 3.9% in off-hours trade.

Oh no, end of the world to have a level playing field

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market trades at session low with energy sector, Boeing's stock weighingThe stock market traded at session lows with about two hours left in regular trade Wednesday afternoon. There appeared to be no direct catalyst for the...
Source: MarketWatch - 🏆 3. / 97 Read more »

JPMorgan CEO Jamie Dimon Says the Stock Market’s Brutal 4th Quarter ‘Might Be a Harbinger of Things to Come’JPMorgan Chase CEO Jamie Dimon defended capitalism, lower corporate taxes, and stock buybacks while highlighting the bank’s strength’s in his annual letter to shareholders. True....but only because Socialism keeps baling it out and providing for matters of public policy Its true.. but at this point in the great experiment... NOT all things should be for profit... I am sure it was capitalism that saved AIG and the rest of them too....
Source: MarketWatch - 🏆 3. / 97 Read more »

Dow dragged to a loss by Walgreens' worst day in 4 1/2 years but broader stock market edges higherU.S. stock markets closed mostly higher on Tuesday, but the Dow industrials were weighed by the worst stock slump in year for shares of Walgreens Boots... Why is Walgreens stock tumbling? It couldn't have anything to do with Mitch lying about drug costs and healthcare, could it?
Source: MarketWatch - 🏆 3. / 97 Read more »