President Trump says his administration is not happy with China.
Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here.
Continue Reading Below
U.S. equity futures are pointing to a lower open the day after a two-day rally in stocks came to an end.
The major futures indexes are indicating a decline of 0.6 percent when the Friday trading session begins.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
The recent rally ended as investors awaited a news conference about China by President Trump on Friday.
Benchmarks declined in Hong Kong, Tokyo, but not Shanghai.
U.S. and Chinese officials have been trading harsh rhetoric recently on everything from Hong Kong to the response to the coronavirus outbreak. One fear is that further friction could lead to another punishing round of escalating tariffs between the two countries that would hit the global economy when it’s already in a severe recession due to the coronavirus pandemic.
TRUMP SIGNALS CHINA-US TRADE DEAL IN CROSSHAIRS AS TENSIONS RISE
China’s National People’s Congress on Thursday approved a national security law aimed at suppressing secessionist and subversive activity in Hong Kong, overriding any potential opposition by local lawmakers.
In Asian markets on Friday, Hong Kong's Hang Seng dropped 0.7 percent, Japan's Nikkei fell 0.2 percent and China's Shanghai edged 0.2 percent higher.
In Europe, London's FTSE fell 1.1 percent, Germany's DAX plunged 1.5 percent and France's CAC was down 1.3 percent.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| I:DJI | DOW JONES AVERAGES | 25400.64 | -147.63 | -0.58% |
| SP500 | S&P 500 | 3029.73 | -6.40 | -0.21% |
| I:COMP | NASDAQ COMPOSITE INDEX | 9368.988915 | -43.37 | -0.46% |
On Thursday on Wall Street, the S&P 500 ended the day 0.2 percent lower, the Dow Jones Industrial Average lost 0.6 percent and the Nasdaq composite fell 0.5 percent.
A barrel of U.S. crude oil for delivery in July lost $1.26 to $32.48 per barrel in electronic trading on the New York Mercantile Exchange. It rose 90 cents to settle at $33.71 on Thursday.
CLICK HERE TO READ MORE ON FOX BUSINESS
Brent crude, the international standard, gave up $1.11 to $34.18. It rose 55 cents to $35.29 per barrel in London.
The Associated Press contributed to this article.
"stock" - Google News
May 29, 2020 at 04:29PM
https://ift.tt/2ZPiKce
Stock futures decline as rally fizzles over China tensions - Fox Business
"stock" - Google News
https://ift.tt/37YwtPr
https://ift.tt/3b37xGF
Bagikan Berita Ini
0 Response to "Stock futures decline as rally fizzles over China tensions - Fox Business"
Post a Comment