US stocks set to negative
The us stock market to open negative because of fears about the introduction of import duties on goods from China and Japan, and also due to possible failure of the trade agreement with Mexico.
Major U.S. indices on the eve ended the session in negative territory mainly due to the decline of stocks of companies in the technology sector. The total pressure on the market by investors ‘ concerns about the poor prospects of development of situation in world trade. So, market participants fear that the trade agreement between the United States and Canada may not be signed, since the Mexican government first want to overturn the us import duties on aluminium.
In addition, in the short term may be imposed new duties on imports from China volume of 200 billion dollars.
The major European stock indices on Friday mostly lower after weak data on the dynamics of Eurozone GDP in the second quarter. The growth rate was 2.1% in annual terms, while market participants were expecting a raise of 2.2%.
Asian stock exchanges on Friday were closed also in the red. An additional negative factor for the Asian indices was the message that the President of the United States Donald trump does not exclude the possible introduction of import duties on goods from Japan.
However, the world prices for oil on Friday have switched to growth in the correction to fall to around 2% after the data on substantial growth of stocks of oil products in the U.S. for the week.
GK Forex Club