The US stock market will open with growth in anticipation of new duties on Chinese imports

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Trading on the U.S. stock market on Monday probably start a small reduction in anticipation of the introduction of new import duties on some Chinese goods.
The U.S. stock market on Friday closed the trading session mixed amid mixed data on the labor market. In addition, the market was frightened by the statement of the President of the United States Donald trump about new import duties on Chinese goods. According to the President, they can be introduced in the near future.
On Monday futures on American indexes grow on 0,3-0,5%. Major European indexes are moving in different directions. Negative on the market has brought statistics on the UK economy, according to which industrial output in the country in July rose 0.1%, which was worse than expected.
Asian markets Monday show mainly negative dynamics of the indices due to trade disagreements, China and the US. While the Japanese market looks a little better thanks to the good statistics on the country’s GDP for the II quarter. The index increased by 3% per year, which was better than market expectations.
World oil prices are rising due to fears of market participants about the declining supplies from Iran due to sanctions from the United States. Also positive for oil prices have affected the data to reduce the number of us rigs in a week.
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Ivan Marchena,
Analyst
GK Forex Club