We thought that Trump would be satisfied with the number of Chinese goods, subjected to American tariffs, but it seems that we were wrong as last night Trump administration revealed $200 billion more goods for new tariffs. Market have reacted to the news instantly with major losses across Asian segment of the market.
Topix declined 0.7 percent.
Kospi lost 0.6 percent.
Shanghai Composite decreased by 1.9 percent.
Hang Seng fell by 1.4 percent.
S&P 500 futures lost 0.7 percent.
European segment of the market is also falling today with euro retreating under the pressure of strong dollar.
FTSE lost 1.4 percent.
Stoxx Europe 600 lost 1.2 percent.
Currencies have uneven performance with a lot of losses.
Dollar gained 0.2 percent against the basket of six major currencies.
Yen lost and is now at the level os 111.07 yen per dollar.
Euro lost 0.2 percent - $1.1726.
Commodities market is also not feeling very good today with almost entire segment of the market being in the red.
WTI oil lost 0.86 percent - $73.47 per barrel.
Brent declined 1.97 percent - $77.31.
Natural gas added 0.11 percent = $2.79 per MMBtu.
Comex gold lost 0.28 percent - $1.251.90 per ounce.
Comex silver declined 0.45 percent - $16.02 per ounce.
Copper lost as much as 2.75 percent - $276.15 per ounce.
Cocoa advanced 2.37 percent - $2.501.00 per metric ton.
Corn lost 1.18 percent - $356.50 per bushel.
Wheat declined 1.47 percent - $484.75 per bushel.