Asian stocks lower on impending trade war - 7/5/2018 10:46:33 PM
08 Juillet, 2018, 06:21 | Auteur: Auguste Feret
On Friday the U.S.is set to impose a 25 percent tariff on $34 billion worth of Chinese imports.
China equities are edging steadily into bear territory for 2018 as trade war concerns ramp up.
Friday sees the U.S. enacting tariffs on $34 billion of Chinese goods, and according to Reuter's sources, China is set to hit back with their own package of tariffs at midnight Beijing time on the 6th, and equities through the Asia Pacific sessions are continuing their retreat through this week ahead of the tit-for-tat tariff war between the USA and China.
Hong Kong's Hang Seng index also edged higher by 0.18 per cent but China's main market, the Shanghai Composite Index, was fractionally down by 0.09 per cent.
The Nikkei 225 has sunk to a new three-month low at 21,500.00, and support is thin at this area, with April's low at 20,920.00, while a bullish reversal will have to climb back over July's open at 22,180.00 with June's high sitting at 23,000.00.
This drove European auto stocks sharply higher and dragged up wider markets. The Shanghai benchmark has languished recently, losing more than 12 percent over the past two weeks.
England roar into World Cup semis
A chant of "On our way, on our way, to Moscow, on our way" came from England fans in one corner of the Samara Arena. Then, as Sweden looked to get back into the match, the favorites finished them off.
But these could be just the first skirmishes in a trade war between the world's top two economies, with financial markets anxious about a knock-on effect on the wider global economy and the broader trading system.
In New York, traders returned from the July 4 holiday in a relatively bullish mood, pushing the Dow Jones index up almost one percent as they cheered solid United States employment data. The Nasdaq composite added 1.1 percent to 7,586.43.
However, Hikaru Sato, senior technical analyst at Daiwa Securities, said the market "has already factored in" this stage of the US-China trade battle and is looking towards the next spat. It has been expected to strike back with tariffs on a similar amount of USA exports including soybeans. "If this moves off the tit-for-tat battleground into a full out trade war, it will not only threaten market stability but could compromise relations between Washington and Beijing".
Benchmark U.S. crude dropped 16 cents to $72.78 per barrel in electronic trading on the New York Mercantile Exchange. The contract fell $1.20 on Thursday. Brent crude, used to price global oils, lost 14 cents to $77.25 per barrel in London. It slid 85 cents on Thursday.
The dollar strengthened to 110.67 yen from 110.60 yen while the euro fell to $1.1687 from $1.1691.
While it's unclear what her medical bills will total, the New York Times editorial board sees a clear problem. The incident has since gone viral, for reasons that tell two different stories about America in 2018.
Il est celui qui a liquidé le plan de Barack Obama visant à fermer les centrales électriques à charbon les plus polluantes. Dans sa lettre de démission, Scott Pruitt dénonce "les attaques incessantes" dont il estime avoir été victime.
Nadal, aiming to add to the Wimbledon titles he landed in 2008 and 2010, said: "It's great to be out here at Wimbledon ". He is the third top 10 man to lose in the first round after sixth seed Grigor Dimitrov and 10th seeded David Goffin .
La probabilité qu'ils soient pendus rapidement s'était renforcée ces derniers temps avec le déplacement de plusieurs d'entre eux. Ils avaient tous été condamnés à mort pour leur responsabilité dans l'attaque au gaz sarin dans le métro de Tokyo en mars 1995.
The incident marks the first combat fatality for the USA military in Afghanistan since April 30, and the second there this year. Army Specialist Gabriel Conde, 22, was killed by Taliban gunfire in a province east of the Afghan capital of Kabul on April 30.
It's part of that famous sentence, "Si vis pacem, para bellum", which translates as, "If you want peace, prepare for war ". John Wick was a legendary assassin who went into retirement once he got married. "Prepare for war", he told the website.
Chris Froome says he suffered no serious injuries despite crashing into a field near the end of stage one of the Tour de France . Gaviria, the Quick-Step rider making his Tour debut, easily beat world champion Peter Sagan and Marcel Kittel to the line.
Howard had a solid season past year in Charlotte, averaging 16.6 points, 12.5 rebounds, and 1.6 blocks per game. Howard himself should be quite excited to finally get to suit up on the court with his good friend Wall.
Elle intervient par ailleurs dans un contexte épineux, puisque les Etats-Unis et la Chine s'apprêtent à durcir leur bras de fer commercial vendredi, avec l'entrée en vigueur de taxes réciproques sur des dizaines de milliards de dollars de marchandises.
He is the only evangelical Christian on the list of nominees Trump is considering; everyone else is Catholic. Asked about the details of the selection process, Trump said he has it down to four people.
Revoyez l'incroyable but de Denis Cheryshev contre la Croatie
Le capitaine des Vatreni était en revanche quelque peu passé au travers du huitième de finale face au Danemark (1-1, 4-3 TAB). Sur un corner de Luka Modric, Domagoj Vida a cru inscrire le but de la victoire d'une reprise croisée de la tête (1-2, 101e).
Stephen Curry shares photo of newborn baby boy from hospital
As Nicki Swift previously reported, Ayesha , 29, and Stephen, 30, first revealed they were expecting again in February 2018. The newest addition is baby number three for the couple, who already has two girls, 5-year-old Riley and 2-year-old Ryan .
How to Watch Russia vs. Croatia
They return to action on Wednesday when they meet England (19:00 BST) in Moscow for a place in the final on 15 July. However, a bigger issue for coach Zlatko Dalic will be how to get more decisive performances from his top players.