Global stock markets experienced significant falls as U.S. – China trade war moves up a notch sparking world wide sell-off. Don’t think the market panic button has been pressed yet. But market volatility has certainly returned.
Dow futures fall below 25100
The Dow closed down at: 25718 and later Dow futures dropped below 25100. Asian markets fall with the NIKKEI dropping below 20000. China’s Yuan dropped spooking stocks markets further.
Closing positions of: FTSE 100, DAX, DOW, S&P 500, NASDAQ, NIKKEI & GOLD
FTSE 100 – closed at: 7224 (down)
DAX – closed at: 11658 (down)
DOW – closed at: 25718 (down)
S&P 500 – closed at: 2845 (down)
NASDAQ – closed at: 7726 (down)
NIKKEI – closed at: 20720 (down)
GOLD – closed at around: $1,475 (up)
I trade these indices on a regular basis
After hours trading saw the Dow fall to: 25075. Japan’s NIKKEI fall to: 19923 and the FTSE 100 drop to: 7057. At one point the S&P 500 fell back as low as: 2776.
The yuan dropped to below the magical $7.00 mark – rattling global stock markets and prompting the U.S. to suggest the country is a ‘currency manipulator’. Surely this type of rhetoric just doesn’t help! Much harder to achieve a deal that mutually benefits all.
What do you do if you are backed in to a corner?
Gold moves up as safe haven sought.
Who started this ‘trade war’ anyway?