{"id":147402,"date":"2019-05-10T06:45:12","date_gmt":"2019-05-10T10:45:12","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=147402"},"modified":"2019-05-10T06:56:53","modified_gmt":"2019-05-10T10:56:53","slug":"us-to-hike-tariffs-to-25-from-10-on-200b-chines-goods","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/05\/us-to-hike-tariffs-to-25-from-10-on-200b-chines-goods\/","title":{"rendered":"US hikes tariffs to 25% from 10% on $200B Chines goods"},"content":{"rendered":"
May 10, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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US stocks fall fourth straight session<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> extended losses on Thursday ahead of tariff hike to 25% from 10% on $200 billion Chines goods which came into effect today. The S&P 500 <\/em> slid 0.3% to 2870.72. The Dow Jones <\/em> industrial average fell 0.5% to 25828.36. Nasdaq <\/a> composite index lost 0.4% to 7910.59. The dollar resumed weakening as data showed US wholesale prices rose a below expected 0.2% in April, and trade deficit widened in March. The live dollar index<\/a> data show the ICE US Dollar index, a measure of the dollar\u2019s strength against a basket of six rival currencies, slipped 0.2% to 97.417 and is lower currently. Futures on US stock indexes point to lower openings today.<\/p>\n

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CAC 40 loss leader among European indexes<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> pullback resumed on Thursday. GBP\/USD <\/em> joined EUR\/USD\u2019s<\/em> accelerated climb. Euro is higher currently while Pound is down against the dollar. The Stoxx Europe 600 index fell 1.6% led by auto shares. Germany\u2019s DAX 30 <\/a> dropped 1.7% to 11973.92. France\u2019s CAC 40 <\/em> tumbled 1.9% and UK\u2019s FTSE 100 <\/em> lost 0.9% to 7207.41.<\/p>\n

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Shanghai Composite leads Asian indexes rebound<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mixed after US tariff hike on $200 billion of Chinese goods took effect today. Nikkei <\/em> lost 0.3% to 21344.92 despite resumed yen slide against the dollar. Chinese shares are rebounding after news China current account surplus reached $58.6 billion while Bejing promised to retaliate: the Shanghai Composite Index <\/em> is up 3.1% and Hong Kong\u2019s Hang Seng Index <\/em> is 0.9% higher. Australia\u2019s All Ordinaries Index extended gains 0.3% despite Australian dollar resumed climb against the greenback.<\/p>\n

\"HK50<\/p>\n

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Brent <\/a> up<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices <\/b> are recovering today. Prices fell yesterday on rising US-China trade dispute concerns: July Brent crude added 0.03% to $70.39 a barrel on Thursday.<\/p>\n

Market Analysis provided by IFCMarkets<\/a><\/p>\n

Note:
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By IFCMarkets US stocks fall fourth straight session US stock market extended losses on Thursday ahead of tariff hike to 25% from 10% on $200 billion Chines goods which came into effect today. The S&P 500 slid 0.3% to 2870.72. The Dow Jones industrial average fell 0.5% to 25828.36. Nasdaq composite index lost 0.4% to […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-147402","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/147402","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=147402"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/147402\/revisions"}],"predecessor-version":[{"id":147411,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/147402\/revisions\/147411"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=147402"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=147402"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=147402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}