US stocks fall at the opening of the new problems with China

  • And
  • +A

The US stock market is likely to open trading in the negative region, as evidenced by the negative dynamics of futures for U.S. indices, which respond to the worsening relations with China.
Major US stock indices, the results of the last auction increased by less than 1 percent amid reports about negotiations between the US and China to prevent possible trade wars. However, later President of the U.S. has instructed U.S. trade representative to explore the possibility of increasing duties on goods from China at $ 100 billion. Amid this news, trading on Asian markets on Friday ended lower at an average of 0.5%.
Now concerns start a global trade war broke out with new force. Negative dynamics is shown for the European indices.
Released in the USA on Friday data on unemployment in March was worse than expected. The indicator remained at level of February – 4.1%, while the number of jobs in non-agricultural industries increased by 103 thousand. Analysts expect that unemployment in March fell to 4%, and the number of jobs increased by 193 thousand.
The Euro fluctuates on Friday at the level of 1,223 USD. World oil prices traded at a mark of 68 dollars per barrel of Brent, reflecting the unexpected decline in stocks of raw materials in the United States. Against the background of these signals, futures on US stock indices are down 0.6-0.7%, in connection with which it is possible to expect negative opening of trades on the us stock market on Thursday.
Ivan Marchena,
GK Forex Club