Dow futures rise as oil prices surge on tanker incident in the Gulf of Oman

U.S. stock index futures were slightly higher Thursday, after President Donald Trump declined to set a deadline on levying tariffs on another $325 billion of Chinese goods. Oil prices pared some of their recent losses on Thursday, following a sharp sell-off in the previous session. Crude futures tumbled as much as 4% on Wednesday, slipping to near five-month lows amid continued increases in U.S. crude stockpiles and concerns about lower demand growth. Oil prices rebounded more than 2% Thursday m


U.S. stock index futures were slightly higher Thursday, after President Donald Trump declined to set a deadline on levying tariffs on another $325 billion of Chinese goods. Oil prices pared some of their recent losses on Thursday, following a sharp sell-off in the previous session. Crude futures tumbled as much as 4% on Wednesday, slipping to near five-month lows amid continued increases in U.S. crude stockpiles and concerns about lower demand growth. Oil prices rebounded more than 2% Thursday m
Dow futures rise as oil prices surge on tanker incident in the Gulf of Oman Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-13  Authors: sam meredith
Keywords: news, cnbc, companies, amid, oman, crude, surge, latest, dow, tanker, rise, gulf, morning, prices, oil, trade, recent, incident, futures, tariffs, slightly


Dow futures rise as oil prices surge on tanker incident in the Gulf of Oman

U.S. stock index futures were slightly higher Thursday, after President Donald Trump declined to set a deadline on levying tariffs on another $325 billion of Chinese goods.

Around 6 a.m. ET, Dow futures indicated a positive open of more than 60 points. Futures on the S&P and Nasdaq were both seen slightly higher.

Oil prices pared some of their recent losses on Thursday, following a sharp sell-off in the previous session. Crude futures tumbled as much as 4% on Wednesday, slipping to near five-month lows amid continued increases in U.S. crude stockpiles and concerns about lower demand growth.

Oil prices rebounded more than 2% Thursday morning amid reports of a tanker incident in the Gulf of Oman.

International benchmark Brent crude traded at around $61.58 during early morning deals, up nearly 3%, while U.S. West Texas Intermediate (WTI) stood at $52.38, up more than 2%.

On the data front, import prices for May and the latest weekly jobless claims figures will both be released at around 8:30 a.m. ET.

Broadcom is expected to report its latest quarterly earnings results after market close.

Market focus is largely attuned to global trade developments, amid intensifying tensions between the world’s two largest economies.

Expectations that trade officials from the U.S. and China will clinch a deal on the side-lines of a G20 meeting in Osaka on June 28-29 have been fading in recent days.

Trump, who has said he still has plans to meet with Xi later this month, has repeatedly threatened to escalate an already months-long trade war by putting tariffs on almost all of the remaining Chinese imports that are not already impacted by U.S. charges.

Washington and Beijing have imposed tariffs on billions of dollars’ worth of one another’s goods since the start of 2018, battering financial markets and souring business and consumer sentiment.


Company: cnbc, Activity: cnbc, Date: 2019-06-13  Authors: sam meredith
Keywords: news, cnbc, companies, amid, oman, crude, surge, latest, dow, tanker, rise, gulf, morning, prices, oil, trade, recent, incident, futures, tariffs, slightly


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Gold climbs on Fed rate cut speculation, growth concerns

Gold will continue to shine amid a weak dollar, says author and gold pro Jim Rickards. Gold prices gained momentum on Wednesday as the dollar dipped on speculation the U.S. central bank would cut interest rates this year amid concerns about waning global economic growth. U.S. gold futures were up 0.4% to $1,336.60 per ounce. Adding to concerns, U.S. consumer prices barely rose in May, likely increasing pressure on the Fed to cut interest rates this year. Lower interest rates make safe-haven asse


Gold will continue to shine amid a weak dollar, says author and gold pro Jim Rickards. Gold prices gained momentum on Wednesday as the dollar dipped on speculation the U.S. central bank would cut interest rates this year amid concerns about waning global economic growth. U.S. gold futures were up 0.4% to $1,336.60 per ounce. Adding to concerns, U.S. consumer prices barely rose in May, likely increasing pressure on the Fed to cut interest rates this year. Lower interest rates make safe-haven asse
Gold climbs on Fed rate cut speculation, growth concerns Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-12
Keywords: news, cnbc, companies, session, climbs, speculation, rate, fed, concerns, rates, gold, cut, trading, futures, dollar, higher, ounce, growth, interest


Gold climbs on Fed rate cut speculation, growth concerns

Gold will continue to shine amid a weak dollar, says author and gold pro Jim Rickards.

Gold prices gained momentum on Wednesday as the dollar dipped on speculation the U.S. central bank would cut interest rates this year amid concerns about waning global economic growth.

Spot gold was trading 0.5% higher at $1,332.80 per ounce, a rebound from the previous session when it fell to a 10-day low of $1,319.35.

U.S. gold futures were up 0.4% to $1,336.60 per ounce.

“Today, global equities are weaker, there is some safe-haven buying, and buying ahead of the U.S. Fed meeting next week,” said Bob Haberkorn, senior market strategist at RJO Futures.

“If the Fed cuts rates in June, youre going to see some substantial gains here in the precious metals market … People are trying to get ahead of that and add some gold to their portfolio.”

Global equities snapped a seven-day winning streak after U.S. President Donald Trump said he had no interest in moving ahead with a trade deal with China unless Beijing agreed to four or five “major points.”

Adding to concerns, U.S. consumer prices barely rose in May, likely increasing pressure on the Fed to cut interest rates this year.

Fed policymakers will meet on June 18-19. Markets have priced in at least two U.S. rate cuts by the end of 2019. Futures imply around an 80% chance of a rate cut as early as July.

Lower interest rates make safe-haven assets such as gold, which does not yield interest, more attractive while weighing on the dollar. The U.S. currency was trading largely unchanged against a basket of currencies on Wednesday.

Holdings of SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, fell marginally to 756.18 tonnes on Tuesday from 756.42 tonnes on Monday.

The gold bulls have the overall near-term technical advantage and regained momentum today, ” Jim Wyckoff, senior analyst at Kitco, said in a note. He added that the next upside price target would be a close in August futures above June’s high of $1,352.70.

Among other metals, silver was up 0.6% to $14.79 per ounce, while platinum inched 0.2% higher to $814.50.

Palladium was little changed at $1,394.30 per ounce, having hit a six-week high of $1,404 earlier in the session. The autocatalyst metal was trading higher for a fifth consecutive session.


Company: cnbc, Activity: cnbc, Date: 2019-06-12
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Dow futures slightly higher despite Trump’s warning on China tariffs

U.S. stock index futures were slightly higher Tuesday morning despite comments from President Donald Trump on trade war with China. ET, Dow futures rose 45 points, indicating a positive open of more than 59 points. Futures of S&P and Nasdaq were also seen slightly higher. President Donald Trump told CNBC on Monday that if Chinese President Xi Jinping does not attend the G-20 meeting later this month, there will be additional duties on Chinese goods. This would take effect immediately.


U.S. stock index futures were slightly higher Tuesday morning despite comments from President Donald Trump on trade war with China. ET, Dow futures rose 45 points, indicating a positive open of more than 59 points. Futures of S&P and Nasdaq were also seen slightly higher. President Donald Trump told CNBC on Monday that if Chinese President Xi Jinping does not attend the G-20 meeting later this month, there will be additional duties on Chinese goods. This would take effect immediately.
Dow futures slightly higher despite Trump’s warning on China tariffs Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-11  Authors: silvia amaro
Keywords: news, cnbc, companies, futures, donald, trumps, trump, chinese, china, xi, warning, war, higher, points, dow, despite, slightly, president, tariffs, trade


Dow futures slightly higher despite Trump's warning on China tariffs

U.S. stock index futures were slightly higher Tuesday morning despite comments from President Donald Trump on trade war with China.

At around 01:36 a.m. ET, Dow futures rose 45 points, indicating a positive open of more than 59 points. Futures of S&P and Nasdaq were also seen slightly higher.

President Donald Trump told CNBC on Monday that if Chinese President Xi Jinping does not attend the G-20 meeting later this month, there will be additional duties on Chinese goods. This would take effect immediately.


Company: cnbc, Activity: cnbc, Date: 2019-06-11  Authors: silvia amaro
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Stock futures rise ahead of US jobs report

U.S. stock index futures rose early Friday as Wall Street looks set for another day of gains as Wall Street awaited key jobs data. ET, Dow Jones Industrial Average futures pointed to a gain of 106 points at the open. S&P 500 and Nasdaq 100 futures also indicated gains to start the day. Economists polled by Dow Jones forecast employment in the U.S. grew by 180,000 jobs last month. The Dow Jones Industrial Average gained 181.09 points Thursday, bringing total gains for the week to more than 900 po


U.S. stock index futures rose early Friday as Wall Street looks set for another day of gains as Wall Street awaited key jobs data. ET, Dow Jones Industrial Average futures pointed to a gain of 106 points at the open. S&P 500 and Nasdaq 100 futures also indicated gains to start the day. Economists polled by Dow Jones forecast employment in the U.S. grew by 180,000 jobs last month. The Dow Jones Industrial Average gained 181.09 points Thursday, bringing total gains for the week to more than 900 po
Stock futures rise ahead of US jobs report Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-07  Authors: fred imbert elliot smith, fred imbert, elliot smith
Keywords: news, cnbc, companies, street, trade, ahead, jobs, futures, wall, week, jones, points, stock, gains, dow, mexican, report, rise


Stock futures rise ahead of US jobs report

U.S. stock index futures rose early Friday as Wall Street looks set for another day of gains as Wall Street awaited key jobs data.

At around 7 a.m. ET, Dow Jones Industrial Average futures pointed to a gain of 106 points at the open. S&P 500 and Nasdaq 100 futures also indicated gains to start the day.

The Dow comes into Friday’s session riding a four-day winning streak as expectations for easier monetary policy from the Federal Reserve increased. The 30-stock index is also on pace to snap a six-week losing streak.

The Labor Department is scheduled to release the May job report at 8:30 a.m. ET. Economists polled by Dow Jones forecast employment in the U.S. grew by 180,000 jobs last month. The data comes amid worries over a potential economic slowdown while global trade tensions persist.

Talks between U.S. and Mexican officials continued Thursday afternoon, with Mexican ambassador to the U.S. Martha Barcena Coqui telling CNBC that negotiations involved a “very good discussion.”

Mexico has also agreed to send its national guard to its border with Guatemala to stem the flow of undocumented migrants hoping to reach the U.S., Reuters reported Thursday.

Markets will be monitoring Friday’s ongoing talks, after stocks surged Thursday on reports that the U.S. was considering delaying the imposition of a 5% tariff on Mexican imports, which is set to take effect on Monday.

Elsewhere, Russia weighed in on the escalating trade war between the U.S. and China Friday, with the head of its sovereign investment fund urging the U.S. to back up its claims that Chinese telecommunications giant Huawei represents a national security threat. The CEO of Russia’s top mobile operator MTS also told CNBC’s Geoff Cutmore that he did not believe warnings from U.S. officials.

The Dow Jones Industrial Average gained 181.09 points Thursday, bringing total gains for the week to more than 900 points and putting it on course for the best week of the year. The S&P 500 rose 0.61% and the Nasdaq Composite gained 0.53%.


Company: cnbc, Activity: cnbc, Date: 2019-06-07  Authors: fred imbert elliot smith, fred imbert, elliot smith
Keywords: news, cnbc, companies, street, trade, ahead, jobs, futures, wall, week, jones, points, stock, gains, dow, mexican, report, rise


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Stock futures rise ahead of US jobs report

U.S. stock index futures rose early Friday as Wall Street looks set for another day of gains as Wall Street awaited key jobs data. ET, Dow Jones Industrial Average futures pointed to a gain of 106 points at the open. S&P 500 and Nasdaq 100 futures also indicated gains to start the day. Economists polled by Dow Jones forecast employment in the U.S. grew by 180,000 jobs last month. The Dow Jones Industrial Average gained 181.09 points Thursday, bringing total gains for the week to more than 900 po


U.S. stock index futures rose early Friday as Wall Street looks set for another day of gains as Wall Street awaited key jobs data. ET, Dow Jones Industrial Average futures pointed to a gain of 106 points at the open. S&P 500 and Nasdaq 100 futures also indicated gains to start the day. Economists polled by Dow Jones forecast employment in the U.S. grew by 180,000 jobs last month. The Dow Jones Industrial Average gained 181.09 points Thursday, bringing total gains for the week to more than 900 po
Stock futures rise ahead of US jobs report Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-07  Authors: fred imbert elliot smith, fred imbert, elliot smith
Keywords: news, cnbc, companies, street, trade, ahead, jobs, futures, wall, week, jones, points, stock, gains, dow, mexican, report, rise


Stock futures rise ahead of US jobs report

U.S. stock index futures rose early Friday as Wall Street looks set for another day of gains as Wall Street awaited key jobs data.

At around 7 a.m. ET, Dow Jones Industrial Average futures pointed to a gain of 106 points at the open. S&P 500 and Nasdaq 100 futures also indicated gains to start the day.

The Dow comes into Friday’s session riding a four-day winning streak as expectations for easier monetary policy from the Federal Reserve increased. The 30-stock index is also on pace to snap a six-week losing streak.

The Labor Department is scheduled to release the May job report at 8:30 a.m. ET. Economists polled by Dow Jones forecast employment in the U.S. grew by 180,000 jobs last month. The data comes amid worries over a potential economic slowdown while global trade tensions persist.

Talks between U.S. and Mexican officials continued Thursday afternoon, with Mexican ambassador to the U.S. Martha Barcena Coqui telling CNBC that negotiations involved a “very good discussion.”

Mexico has also agreed to send its national guard to its border with Guatemala to stem the flow of undocumented migrants hoping to reach the U.S., Reuters reported Thursday.

Markets will be monitoring Friday’s ongoing talks, after stocks surged Thursday on reports that the U.S. was considering delaying the imposition of a 5% tariff on Mexican imports, which is set to take effect on Monday.

Elsewhere, Russia weighed in on the escalating trade war between the U.S. and China Friday, with the head of its sovereign investment fund urging the U.S. to back up its claims that Chinese telecommunications giant Huawei represents a national security threat. The CEO of Russia’s top mobile operator MTS also told CNBC’s Geoff Cutmore that he did not believe warnings from U.S. officials.

The Dow Jones Industrial Average gained 181.09 points Thursday, bringing total gains for the week to more than 900 points and putting it on course for the best week of the year. The S&P 500 rose 0.61% and the Nasdaq Composite gained 0.53%.


Company: cnbc, Activity: cnbc, Date: 2019-06-07  Authors: fred imbert elliot smith, fred imbert, elliot smith
Keywords: news, cnbc, companies, street, trade, ahead, jobs, futures, wall, week, jones, points, stock, gains, dow, mexican, report, rise


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Dow futures lower as Wall Street’s rally is set to slow

U.S. stock index futures were muted Thursday morning as Wall Street’s rally on hopes of an imminent rate cut from the Federal Reserve looked set to slow. ET, Dow futures were down 28 points and indicated a negative open of around 29 points, while futures for the S&P 500 and Nasdaq also edged lower. Comments from Fed Chair Jerome Powell on Tuesday further fueled expectations that the U.S. central bank is moving closer to cutting interest rates, causing U.S. stocks to surge. The Dow jumped more th


U.S. stock index futures were muted Thursday morning as Wall Street’s rally on hopes of an imminent rate cut from the Federal Reserve looked set to slow. ET, Dow futures were down 28 points and indicated a negative open of around 29 points, while futures for the S&P 500 and Nasdaq also edged lower. Comments from Fed Chair Jerome Powell on Tuesday further fueled expectations that the U.S. central bank is moving closer to cutting interest rates, causing U.S. stocks to surge. The Dow jumped more th
Dow futures lower as Wall Street’s rally is set to slow Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-06  Authors: elliot smith
Keywords: news, cnbc, companies, dow, streets, wall, central, slow, lower, rally, points, set, futures, 500, trump, wednesdaypowell, bank


Dow futures lower as Wall Street's rally is set to slow

U.S. stock index futures were muted Thursday morning as Wall Street’s rally on hopes of an imminent rate cut from the Federal Reserve looked set to slow.

At around 2.00 a.m. ET, Dow futures were down 28 points and indicated a negative open of around 29 points, while futures for the S&P 500 and Nasdaq also edged lower.

Comments from Fed Chair Jerome Powell on Tuesday further fueled expectations that the U.S. central bank is moving closer to cutting interest rates, causing U.S. stocks to surge. The Dow jumped more than 500 points on Tuesday, its second best day of the year, and continued its rally into Wednesday.

Powell said that the central bank will keep an eye on current developments in the economy, and would do what it must to “sustain the expansion.”

Markets will be monitoring ongoing global trade tensions, however, particularly the threat from President Donald Trump to impose a 5% tariff on all Mexican imports, in a political ploy criticized even by members of his own party.


Company: cnbc, Activity: cnbc, Date: 2019-06-06  Authors: elliot smith
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Oil pops 3%, rallying with stocks after report US may delay hitting Mexico with tariffs

Oil futures turned sharply higher heading into Thursday’s settlement, tracking a rally in equities on a report that the Trump administration may delay tariffs on Mexican imports. Crude futures traded mostly flat throughout Thursday’s session as sentiment remained weak amid fresh signs of a stalling global economy and ongoing concerns about growth in supply. U.S. West Texas Intermediate crude futures settled 91 cents higher at $52.51 per barrel, posting a 1.8% gain on the day. International bench


Oil futures turned sharply higher heading into Thursday’s settlement, tracking a rally in equities on a report that the Trump administration may delay tariffs on Mexican imports. Crude futures traded mostly flat throughout Thursday’s session as sentiment remained weak amid fresh signs of a stalling global economy and ongoing concerns about growth in supply. U.S. West Texas Intermediate crude futures settled 91 cents higher at $52.51 per barrel, posting a 1.8% gain on the day. International bench
Oil pops 3%, rallying with stocks after report US may delay hitting Mexico with tariffs Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-06
Keywords: news, cnbc, companies, delay, crude, oil, hitting, tariffs, futures, mexican, week, rallying, pops, trump, president, stocks, growth, hit, mexico, report


Oil pops 3%, rallying with stocks after report US may delay hitting Mexico with tariffs

Oil futures turned sharply higher heading into Thursday’s settlement, tracking a rally in equities on a report that the Trump administration may delay tariffs on Mexican imports.

Crude futures traded mostly flat throughout Thursday’s session as sentiment remained weak amid fresh signs of a stalling global economy and ongoing concerns about growth in supply.

U.S. West Texas Intermediate crude futures settled 91 cents higher at $52.51 per barrel, posting a 1.8% gain on the day. WTI was last trading up $1.50, or 2.9%, at $53.18 after the settlement.

International benchmark Brent crude futures rose $1.04, or 1.7%, at $61.67 a barrel on Thursday. Brent also extended gains after its settlement and was last up $1.67, or 2.8%, at $62.30 per barrel.

On Wednesday, the two benchmarks hit their lowest levels since mid-January at $59.45 and $50.60, respectively, after U.S. crude production hit a new record high and stockpiles hit their highest since July 2017.

Signs of slowing global economic activity have increased in recent months, fueled by trade tensions between the United States and China, the world’s top two energy consumers.

“Worries about demand destruction are really driving prices lower,” said Gene McGillian, vice president of market research at Tradition Energy.

U.S. President Donald Trump added to the market’s worries after threatening last week to slap tariffs on Mexican goods unless the nation clamps down on illegal border crossings into the U.S. Mexico is a major source of crude oil to U.S. refineries and the biggest purchaser of American gasoline exports.

Oil futures “got hit earlier in the week in anticipation of the Mexican tariffs being implemented and now it’s kind of reversing that stance,” said Andrew Lipow, president of Lipow Oil Associates.

“The ongoing friction between the U.S. and China, the U.S. and Mexico and the U.S. and others on the trade front is really having a negative impact on the sentiment for economic growth around the world, which would lead to a reduction in the rate of growth of oil demand.”


Company: cnbc, Activity: cnbc, Date: 2019-06-06
Keywords: news, cnbc, companies, delay, crude, oil, hitting, tariffs, futures, mexican, week, rallying, pops, trump, president, stocks, growth, hit, mexico, report


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Dow set to rise more than 100 points as Wall Street tries to recover from sell-off in big tech

U.S. stock index futures rose on Tuesday as Wall Street tried to regain its footing after a sharp decline in large-cap tech stocks. ET, Dow Jones Industrial Average futures indicated a gain of 145 points at the open. Futures on the S&P 500 and Nasdaq 100 also pointed to gains at the open. Sentiment was also lifted amid hope that President Donald Trump’s plan to slap tariffs on Mexican imports could be blocked by lawmakers. Shares of GM and Ford, companies who could take a hit under the new tarif


U.S. stock index futures rose on Tuesday as Wall Street tried to regain its footing after a sharp decline in large-cap tech stocks. ET, Dow Jones Industrial Average futures indicated a gain of 145 points at the open. Futures on the S&P 500 and Nasdaq 100 also pointed to gains at the open. Sentiment was also lifted amid hope that President Donald Trump’s plan to slap tariffs on Mexican imports could be blocked by lawmakers. Shares of GM and Ford, companies who could take a hit under the new tarif
Dow set to rise more than 100 points as Wall Street tries to recover from sell-off in big tech Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-04  Authors: fred imbert sam meredith, fred imbert, sam meredith
Keywords: news, cnbc, companies, tariffs, set, mexican, trade, nasdaq, selloff, rose, street, rise, rate, dow, wall, president, futures, reserve, recover, points, tries, tech, lawmakers


Dow set to rise more than 100 points as Wall Street tries to recover from sell-off in big tech

U.S. stock index futures rose on Tuesday as Wall Street tried to regain its footing after a sharp decline in large-cap tech stocks.

Around 7:20 a.m. ET, Dow Jones Industrial Average futures indicated a gain of 145 points at the open. Futures on the S&P 500 and Nasdaq 100 also pointed to gains at the open.

On Monday, the Nasdaq fell into correction territory, amid reports the U.S. government is planning to target a host of big companies in the industry with antitrust and business practice probes. Shares of Alphabet, Amazon, Facebook, and Apple all weighed on the market in the previous session. Amazon, Apple and Alphabet traded slightly higher in the premarket Tuesday. Facebook dipped 0.1%, however.

Sentiment was also lifted amid hope that President Donald Trump’s plan to slap tariffs on Mexican imports could be blocked by lawmakers.

Republican lawmakers are discussing whether they may have to vote to stop the new tariffs on Mexican goods threatened by Trump, according to The Washington Post, citing people familiar with the matter. The report said GOP lawmakers are worried about the ramifications for businesses and consumers of the tariffs.

Shares of GM and Ford, companies who could take a hit under the new tariffs, both rose more than 0.5% before the bell.

The 10-year Treasury note yield also rose, giving stocks a boost, after reaching its lowest level in 20 months on Monday. Yields have fallen sharply over the past month as investors worry that tighter trade conditions could lead to slower economic growth.

Investors are also focused on monetary policy this week, with a flurry of central banks across the world set to announce whether to adjust interest rate settings. Fed Chair Jerome Powell, Governor Lael Brainard and Dallas Fed President Robert Kaplan are all scheduled to speak Tuesday.

Meanwhile, comments from the Federal Reserve on Monday raised expectations that the U.S. central bank is moving closer to a rate cut. St. Louis Federal Reserve president James Bullard said Monday a U.S. interest rate cut “may be warranted soon ” given the rising risk to economic growth posed by global trade tensions as well as weak U.S. inflation.

On the data front, factory orders for April will be expected at around 10 a.m. ET.


Company: cnbc, Activity: cnbc, Date: 2019-06-04  Authors: fred imbert sam meredith, fred imbert, sam meredith
Keywords: news, cnbc, companies, tariffs, set, mexican, trade, nasdaq, selloff, rose, street, rise, rate, dow, wall, president, futures, reserve, recover, points, tries, tech, lawmakers


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Dow futures fall nearly 100 points after China blames US for trade war, Alphabet shares drop

U.S. stock index futures fell on Monday, the first trading day of June, after China’s rhetoric on U.S. trade relationship intensified over the weekend. ET, Dow Jones Industrial Average futures slipped 93 points, indicating a drop of 95 points at the open. The Dow came into Monday’s session having logged in six straight weeks of losses, the index’s longest weekly slide since 2011. Shares of Caterpillar and Boeing, two trade bellwethers of global trade, fell 2.2% and 1.1%, respectively. On the dat


U.S. stock index futures fell on Monday, the first trading day of June, after China’s rhetoric on U.S. trade relationship intensified over the weekend. ET, Dow Jones Industrial Average futures slipped 93 points, indicating a drop of 95 points at the open. The Dow came into Monday’s session having logged in six straight weeks of losses, the index’s longest weekly slide since 2011. Shares of Caterpillar and Boeing, two trade bellwethers of global trade, fell 2.2% and 1.1%, respectively. On the dat
Dow futures fall nearly 100 points after China blames US for trade war, Alphabet shares drop Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-03  Authors: fred imbert sam meredith, fred imbert, sam meredith
Keywords: news, cnbc, companies, manufacturing, fall, war, china, session, index, data, fell, futures, dow, tariffs, nearly, trade, wang, points, shares, drop


Dow futures fall nearly 100 points after China blames US for trade war, Alphabet shares drop

U.S. stock index futures fell on Monday, the first trading day of June, after China’s rhetoric on U.S. trade relationship intensified over the weekend.

At around 6:52 a.m. ET, Dow Jones Industrial Average futures slipped 93 points, indicating a drop of 95 points at the open. Futures on the S&P 500 and Nasdaq 100 also fell. The Dow came into Monday’s session having logged in six straight weeks of losses, the index’s longest weekly slide since 2011.

Shares of Caterpillar and Boeing, two trade bellwethers of global trade, fell 2.2% and 1.1%, respectively. Alphabet shares also dropped 3% after the Justice Department is reportedly investigating the tech company for antitrust violations.

Chinese Vice Commerce Minister Wang Shouwen said in a white paper Sunday that Washington would not be able to use pressure to force a trade deal on Beijing. He also refused to say whether the leaders of both countries would meet at the G-20 summit to work out an agreement later this month.

Wang added: “The U.S. has backtracked, and when you give them an inch, they want a yard.”

The remarks from Wang follow a month of heightened trade tensions between the world’s largest economies. The U.S. hiked tariffs on $200 billion worth of Chinese goods in May. China retaliated with higher tariffs on U.S. imports.

Trade worries also rattled Wall Street last week after President Donald Trump threatened to slap a 5% charge on all imports from Mexico. The threat sent stocks tumbling on Friday.

On the data front, a final reading of manufacturing PMI (Purchasing Managers’ Index) data for May will be released at around 9:45 a.m. ET. The Institute for Supply Management (ISM) manufacturing index for May, construction spending figures for April and latest light vehicle sales data will all follow slightly later in the session.


Company: cnbc, Activity: cnbc, Date: 2019-06-03  Authors: fred imbert sam meredith, fred imbert, sam meredith
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Dow futures fall 200 points after Trump announces tariffs on Mexican imports

U.S. stock index futures were sharply lower Friday morning, as investors feared President Donald Trump’s threat of tariffs on all Mexico imports exacerbated the risk of recession. ET, Dow futures slipped 219 points, indicating a negative open of roughly 200 points. On Thursday evening, Trump announced the U.S. would impose a 5% tariff on all Mexican imports from June 10 until illegal immigration across the southern border was stopped. It comes amid intensifying tensions between the U.S. and Chin


U.S. stock index futures were sharply lower Friday morning, as investors feared President Donald Trump’s threat of tariffs on all Mexico imports exacerbated the risk of recession. ET, Dow futures slipped 219 points, indicating a negative open of roughly 200 points. On Thursday evening, Trump announced the U.S. would impose a 5% tariff on all Mexican imports from June 10 until illegal immigration across the southern border was stopped. It comes amid intensifying tensions between the U.S. and Chin
Dow futures fall 200 points after Trump announces tariffs on Mexican imports Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-31  Authors: sam meredith, eustance huang
Keywords: news, cnbc, companies, tariffs, seen, 200, dow, mexico, trade, morning, immigration, china, trump, announces, mexican, fall, imports, futures, points


Dow futures fall 200 points after Trump announces tariffs on Mexican imports

U.S. stock index futures were sharply lower Friday morning, as investors feared President Donald Trump’s threat of tariffs on all Mexico imports exacerbated the risk of recession.

At around 03:00 a.m. ET, Dow futures slipped 219 points, indicating a negative open of roughly 200 points. Futures on the S&P and Nasdaq were both seen slightly lower.

Market participants moved aggressively to price in deeper rate cuts by the Federal Reserve over the coming months, while the closely-watched 10-year Treasury yield dropped to lows not seen since 2017.

The U.S. benchmark was yielding 2.1783% Friday morning. It stood above 2.5% at the beginning of the month.

On Thursday evening, Trump announced the U.S. would impose a 5% tariff on all Mexican imports from June 10 until illegal immigration across the southern border was stopped.

The White House added in a statement that tariffs would be raised if the immigration issue persisted, with the charges set to increase even further if Mexico fails to take “dramatic action” to reduce or eliminate the problem.

It comes amid intensifying tensions between the U.S. and China, with the world’s two largest economies locked in a protracted trade dispute.

Washington and Beijing have imposed tariffs on billions of dollars’ worth of one another’s goods since the start of 2018, battering financial markets and souring business and consumer sentiment.

The biggest Chinese newspaper explicitly warned the U.S. on Wednesday that China would be prepared to cut off rare earth minerals as a countermeasure.

Chinese Vice Foreign Minister Zhang Hanhui then said Thursday that provoking trade disputes amounted to “naked economic terrorism. ”

— CNBC’s Joanna Tan contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-05-31  Authors: sam meredith, eustance huang
Keywords: news, cnbc, companies, tariffs, seen, 200, dow, mexico, trade, morning, immigration, china, trump, announces, mexican, fall, imports, futures, points


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