|Day's Range||11,993.91 - 12,246.50|
|52 Week Range||10,279.20 - 13,204.31|
CNBC's Julianna Tatelbaum outlines how stocks are performing in Europe after China announced it would hit back at the U.S. over increased tariffs on goods.
Investors already on edge about an escalating U.S.-China trade dispute were further rattled after Beijing accused Washington of harbouring "extravagant expectations" for a trade deal, underlining the gulf between the two sides. Asian shares had managed to reverse some of last week's losses on Monday after Washington said it would lift tariffs in North America, and as investors cheered apparent wins by Conservative incumbent parties in elections in Australia and India. U.S. President Donald Trump's government added Huawei to a trade blacklist last week, imposing restrictions that will make it difficult to do business with U.S. companies.
A quiet day on the economic calendar leaves the Oval Office as the main area of focus. What’s the next move in the U.S – China trade war?
U.S. President Donald Trump's bid to blacklist Huawei has further intensified trade tensions, while the Chinese ruling Communist Party's newspaper has insisted the trade war will only make China stronger. The morning's biggest loser was British tour operator Thomas Cook, which saw its shares plummet 30% by mid-morning, hitting their lowest since July 2012 and on track for the biggest one-day drop since November 2011. European stocks traded lower Friday as trade fears ratcheted up, amid the U.S. administration's bid to blacklist Chinese telecoms giant Huawei and the ruling Chinese Communist Party's newspaper striking a defiant tone.
The Eurozone’s trade surplus widened from €17.9bn to €22.5bn in March. Imports increased by 4.8% over the same period, leading to a narrowing of the trade surplus from €46.5bn to €43.5bn in Q1. Finalized inflation figures out of Italy had a muted impact, with the finalized numbers being in line with prelim.
LONDON (AP) — Stocks recovered their poise Thursday after dropping over President Donald Trump's decision to limit U.S. exports to foreign telecoms companies, an order that appeared aimed squarely at China.
Global stocks drift lower amid a series of moves on trade and security that underscore the depth and breadth of the U.S.'s trade wars. Huawei is added to the U.S. 'Entity List' that blacklists company's from doing business with the United States, just hours after the President declares an information technology national emergency. Weak U.S. data pushing 10-year bond yields to 15-month lows, while TIC data shows China sold the most U.S. Treasuries in more than three years in March.
European shares retreated on Thursday after Washington blacklisted Chinese telecoms giant Huawei, adding another confrontational element to the U.S.-China trade dispute. The U.S. Commerce Department said it was adding Huawei Technologies Co Ltd and 70 affiliates to its Entity List, which bans the company from acquiring components and technology from U.S. firms without government approval. News on Wednesday that U.S. President Donald Trump was planning to delay the imposition of tariffs on imported cars and parts helped European markets swing higher late in the session.
Global stocks add to gains, taking Asia markets from a three-and-a-half month low, amid signs of progress in the U.S.-China trade war that could lead to a resumption in talks. President Donald Trump suggests the "little squabble" with China can be resolved with a deal, while Treasury Secretary Steve Mnuchin is set to travel to Beijing soon to resume dialogue with Chinese officials. Wall Street futures suggest a weaker open for the Dow following weaker-than-expected April retail sales and industrial data.
A global equity bounce stemming from softer rhetoric by U.S. President Donald Trump on the trade dispute with Beijing waned on Wednesday as grim China data and fresh Italian debt woes cast a shadow over global markets. Investors had taken some comfort from Trump calling the trade dispute with Beijing "a little squabble" on Tuesday and insisting talks had not collapsed.
Asian stocks rebounded from a 3-1/2-month low on Wednesday as a slight softening in rhetoric from U.S. President Donald Trump eased worries about the U.S.-China tariff war, and on expectations that Beijing could unveil more economic stimulus. In Europe, the pan-region Euro Stoxx 50 futures rose 0.24% in early trade, Germany's DAX futures gained 0.25% and FTSE futures were up 0.3%. Shares in Asia were led by strong gains in Chinese equities, which rebounded after two days of losses.
Following some weak numbers out of China, will Germany’s GDP numbers also disappoint? There’s a lot hanging on the hope of a trade deal…
It is becoming evident that the US/Chinese trade issues are going to become a point of contention for the markets going forward. We’ve been review as much news as possible in an attempt to build a consensus for the future of the US markets and global markets. As of last week, it appears any potential trade deal with China has reset back to square one.
Can the European majors avoid a sell-off? The futures markets are pointing to a positive open, which is in stark contrast to the U.S futures…
A gauge of world equity markets rebounded and the dollar pared losses on Friday after President Donald Trump said U.S.-China trade talks were constructive, easing tensions that pushed stocks on Wall Street toward their biggest weekly loss since December. The major U.S. stock indexes swooned more than 1% before rebounding from session lows, first on encouraging comments from Treasury Secretary Steven Mnuchin and then Trump's remarks that his relationship with President Xi remained strong. Trump earlier said he was in no hurry to sign a trade deal with China as Washington imposed a new set of tariffs on Chinese goods and negotiators ended two days of talks aimed at salvaging an agreement aimed at ending a 10-month trade war.
U.S. stocks extended declines Friday after President Donald Trump unleashed a torrent of comment on social media that suggested there was "no rush" to reach a trade agreement with China just after after he opted to increased tariffs on $200 billion worth imports in the latest escalation of the ongoing trade war. Trump again intimated -- incorrectly -- that China would pay the cost of the tariff increases, which rose to 25% from 10% at midnight last night on around 5,700 different goods, and repeated his threat to apply levies to a further $325 billion of Chinese imports. Tariffs will bring in FAR MORE wealth to our country than even a phenomenal deal of the traditional kind.
Global stocks rebound despite the U.S. increasing tariffs on China-made goods as investors hope a narrow window in application will pave the way for a trade deal. Tariffs increased to 25% from 10% on $200 billion worth of Chinese imports, but wont' apply to goods already in transit, leaving a two week window during which Washington and Beijing can continue to negotiate. China stocks surge in a late-session rally, Asia books solid gains and Europe opens stronger on the trade optimism.