European markets have initially staged a recovery on Tuesday after two days of heavy selling, as the US-China trade war intensified. However, stocks closed lower after China’s central bank set the yuan’s official reference point at a stronger than expected level, easing its retaliation to U.S. tariffs, while rejecting Washington’s designation of Beijing as a “currency manipulator.” The Pan European STOXX 600 is down 0.47%. The DAX is down 0.78% while London's FTSE 100 is off 0.72% and France's CAC 40 is lower by 0.13%.
U.S. stocks recouped some of their losses Tuesday after China backed off from a further escalation in the country’s trade and currency dispute with Washington.The Dow Jones Industrial Average closed 311.78 points or 1.31% higher at 26,029.52. The S&P 500 rose 37.03 points or 1.3% to 2,881.77, while thenNasdaq Compositeclimbed 107.22 points or 1.39% to 7,833.27.
Global Oil Prices Slide Into Bear MarketOil investors are as worried about slowing demand as they are about excess supply, amid fresh concerns that the U.S.-China trade fight will hurt the global economy and curb fuel consumption. On Tuesday, International benchmark Brent futures fell 87 cents, or 1.45%, to settle at $58.94 a barrel. West Texas Intermediate crude futures were down $1.06, or 1.94%, at $53.63 a barrel.
Asian shares markets are lower today, with fears of a full-blown Sino-U.S. trade and currency war. he Shanghai Composite is off 0.08% while the Hang Seng is down 075%. The Nikkei 225 is off 0.81%.The Kospi is lower by 068%. The ASX 200 is up o.25%.
SGX Nifty Futures in Singapore Exchange is down 48.00 points or 0.44% at 10.914.50
Our Markets are xpected to open flat-to-lower on today tracking Asian markets which are trading with negative bias.
U.S. futures dropped as traders remained cautious in the face of trade tensions. At 11:20 ET on Tuesday,Dow futures are 173 points down S&P 500 is off 19.50 points. The Nasdaq is lower 59.00 points
European markets are higher today morning. The STOXX 600 is up 0.53%. The DAX is up 1.08% while France's CAC 40 is up 0.75% and London's FTSE 100 is up 0.33%.
Shares in Asia fell for an eighth straight session on Wednesday on lingering worries over the escalating U.S.-China trade war, but losses and nerves were soothed somewhat by White House assurances that it wants to press ahead with negotiations. The stocks closed mixed. The Hang Seng gained 0.08%, while the Nikkei 225 led the Shanghai Composite lower. They fell 0.33% and 0.32% respectively.Thes Kospi edged down 0.41%. The ASX 200 rose 0.64.
U.S. Stock Futures turned from losses to almost flat Wednesday morning, amid simmering trade tensions between the world’s two largest economies. At around 05:15 a.m. ET, Dow futures gained 56 points, indicating a negative open of 2.52 points. Futures on the S&P and Nasdaq are slightly higher 6.75 and 33.75 points respectively.
European stocks traded higher today morning as investors swing back toward risk assets and digest a range of corporate earnings. The pan-European Stoxx 600 jumped 0.82% in morning trade. The CAC 40 is up 1.08% while Germany's DAX is up 0.83% and London's FTSE 100 is up 0.12%.
Asian shares were trying to piece together a rally on today as Beijing reported surprisingly solid trade numbers while also limiting the fall in its yuan, offering a brief respite from fears of a global currency war. The markets finished higher with shares in China leading the region. The Shanghai Composite is up 0.93% while Hong Kong's Hang Seng is up 0.48% and Japan's Nikkei 225 is up 0.37%. The Kospi is up 0.57%. Teh ASX 200 gain 0.75%.
U.S Stock futures are higher Thursday morning following a wild ride for Wall on previous day. At around 05:07 a.m. ET, Dow futures rose 73points, indicating a positive open of more than 58.93 points. Futures on the S&P and Nasdaq are also higher by 10.00 and 35.00 points respectively.