Stocks under pressure as Trump vows to end violent protests

Asian stocks were set to come under pressure on Tuesday following a dip in Wall Street futures as U.S. President Donald Trump vowed to use force to end violent protests in American cities, souring a previously upbeat market mood.

As Trump spoke in the Rose Garden of the White House on Monday, live television images showed police firing tear gas to dispel demonstrators in Lafayette Park, across the street. The dollar index fell 0.4per cent, as risk appetite had increased on optimism that the worst of the global economic downturn caused by the coronavirus may be in the past.

The protests were largely peaceful on Sunday but turned violent in the evening. On Monday U.S. President Donald Trump urged state governors to crack down on protests over racial inequality that have engulfed the nation's major cities, as officials extended curfews to prevent a seventh night of looting and vandalism.

Oil futures steadied on Monday despite U.S.-China trade tensions with Brent up 1.3per cent to settle at US$38.32 a barrel and U.S. crude slipping 5 cents to US$35.44 a barrel.

Philippines Philippines Latest News, Philippines Philippines Headlines

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

Asia stocks hit 3-month peaks, resilient to US riotingAsian share markets started on a cautious note and gold gained on Monday as images of riots in burning U.S. cities unnerved investors already ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Tokyo: Stocks close higher on virus hopes[TOKYO] Tokyo stocks closed higher Monday on expectations for more businesses to reopen as the Japanese capital lifts restrictions on retail stores and other facilities. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Europe: London, Paris stocks rally amid Frankfurt holiday[LONDON] The London and Paris stock markets jumped Monday at the open, tracking Asian gains, but Frankfurt remained shut for a public holiday. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

US: Stocks dip as market digests protests, reopenings[NEW YORK] Wall Street stocks dipped in early trading Monday as markets digested a weekend of civil rights protest across the US as the country reopened from coronavirus shutdowns. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

US stocks edge up as market digests protests, reopeningsNEW YORK (AFP) - Wall Street stocks edged higher early Monday (June 1) as markets digested a weekend of civil rights protest across the US as the country began to reopen after weeks of coronavirus shutdowns.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »