The US stock market will lose 1,5-2% because of the trade conflict with China
The US stock market on Tuesday is likely to begin growth index in the range of 1.5-2% due to the worsening trade relations with China.
Futures on American indexes are down 1-1. 4%. While Asian markets fell a significant reduction. In particular, the stock indices of China lost 3 to 6% due to threats of US President Donald trump to introduce a new import duty of 10% on goods from China with a total amount of 200 billion dollars. In response to these threats, the Chinese authorities stated that impose import duties on American goods in the amount of 25%.
European indices are also showing a downward trend of 0.5% to 1.2%. On the world currency market the dollar is trading at its local maxima: the Euro/dollar sank to the level 1,1555 dollars per Euro.
World oil prices also continue to decline to around $ 75 per barrel of Brent. In addition to concerns about the further deterioration of relations between the US and China, the pressure on the oil quotes have anxious expectations about the outcome of the meeting of the parties to the transaction OPEC+ this week.
GK Forex Club