Trading will be very interesting this week after Trump announced that he wants to impose tariffs on eveт more Chinese goods. This statement has really shaken up Chinese segment of the market along with US equity market and oil market. Traders are trying to be more careful but the situation is playing against them and will continue to do so until Trump administration makes an officials statement.
S&P 500 futures lost 1.3 percent which is the biggest loss in almost two months.
Stoxx Europe 600 Index lost 0.8 percent and fell to the lowest point in about 8 weeks.
DAX from Germany experienced the biggest drop in 3 weeks after losing 1.4 percent.
MSCI Emerging Market lost 2 percent which is the biggest decline for the index in almost three months. The loss brought it to the lowest point in almost 8 months.
MSCI Asia Pacific lost 1.5 percent – the lowest point this year.
Dollar grew 0.2 percent and is still at the highest in 11 months.
Euro lost 0.4 percent - $1.1578.
Pound declined 0.3 percent - $1.3204 – weakest since December 2017.
WTI oil lost 0.99 percent - $65.20 per barrel.
Brent crude declined 1.01 percent - $74.58 per barrel.
Natural gas lost 0.14 percent - $8.95 per MMBtu.
Comex gold added 0.22 percent - $1.282.90 per ounce.
Comex silver declined 0.3 percent - $16.39 per ounce.
Pound of copper costs $308.80per pound after 1.31 percent loss.
Corn declined 2.05 percent - $358.00 per bushel.
Wheat lost 1.45 percent - $494.25 per bushel.
Cocoa decreased by 1.71 percent - $2.476.00 per metric ton.