{"id":147635,"date":"2019-05-14T06:40:53","date_gmt":"2019-05-14T10:40:53","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=147635"},"modified":"2019-05-14T06:40:53","modified_gmt":"2019-05-14T10:40:53","slug":"global-equities-tumble-as-china-retaliates-to-us-tariffs","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/05\/global-equities-tumble-as-china-retaliates-to-us-tariffs\/","title":{"rendered":"Global equities tumble as China retaliates to US tariffs"},"content":{"rendered":"
May 14, 2019<\/div>
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By <\/strong>IFCMarkets<\/strong><\/a><\/p>\n

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US stocks drop after China announces tariffs on $60B US imports<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> pulled back on Monday as US-China trade dispute tensions rose after China imposed retaliatory tariffs on $60 billion worth of imports from US following US hike of tariffs Friday on $200 billion of imports from China to 25% from 10%. The S&P 500 <\/em> lost 2.4% to 2811.87. Dow Jones <\/a> industrial tumbled 2.4% to 25324.99. The Nasdaq <\/em> composite dropped 3.4% to 7647.02. The dollar weakening reversed:. 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, rose 0.05% to 97.34 but is lower currently. Futures on US stock indexes point to higher openings today.<\/p>\n

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DAX 30 suffers heaviest loss among European indexes<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> slumped on Monday after Beijing\u2019s announcement it imposed duties on $60 billion worth of imports from US. EUR\/USD <\/em> joined GBP\/USD\u2019s <\/em> slide with euro turning higher against dollar currently while Pound continues its slide. The Stoxx Europe 600 index declined 1.2% with utility shares the only sector which avoided losses. The DAX 30 <\/em> dropped 1.5% to 11876.65. France\u2019s CAC 40 <\/em> tumbled 1.2%. UK\u2019s FTSE 100 <\/a> lost 0.6% to 7163.68.<\/p>\n

\"DE30<\/p>\n

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Hang Seng leads Asian indexes losses<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are extending losses today. Nikkei <\/em> closed 0.6% lower at 21067.23 despite renewed yen slide against the dollar. Markets in China are solidly lower with no date set for continuing trade talks with US after negotiations ended last Friday with no deal: the Shanghai Composite Index <\/em> is down 0.7% and Hong Kong\u2019s Hang Seng <\/em> Index is 1.8% lower. Australia\u2019s All Ordinaries Index extended losses 0.9% as Australian dollar resumed climb against the greenback as business sentiment remained subdued in April according to business confidence index of the National Australia Bank.<\/p>\n

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

Brent futures prices <\/b> are edging higher today with global markets slump capping gains. Prices fell yesterday despite a rise in Middle East tensions on news of \u2018sabotage\u2019 attacks on Saudi oil tankers in Strait of Hormuz: July Brent crude lost 0.6% to $70.23 a barrel on Monday.<\/p>\n

\nMarket Analysis provided by IFCMarkets<\/a><\/p>

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Note:
\nThis overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or \u0430 recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.<\/p>\n","protected":false},"excerpt":{"rendered":"

By IFCMarkets US stocks drop after China announces tariffs on $60B US imports US stock market pulled back on Monday as US-China trade dispute tensions rose after China imposed retaliatory tariffs on $60 billion worth of imports from US following US hike of tariffs Friday on $200 billion of imports from China to 25% from […]<\/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-147635","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/147635","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=147635"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/147635\/revisions"}],"predecessor-version":[{"id":147639,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/147635\/revisions\/147639"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=147635"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=147635"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=147635"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}