New Trade Dispute May Weigh On Wall Street

[ADVFN]( [WorldDaily Markets Bulletin]( [Daily world financial news]( [Tuesday, 09 April 2019 09:19:48]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Boards]( 3 Hot Marijuana Stocks to Buy NOW..! [Click here..]( --------------------------------------------------------------- US Market Bitcoin [Bitcoin]( DAX [DAX]( Dow Jones [Dow Jones]( Nasdaq [Nasdaq]( The major U.S. index futures are pointing to a modestly lower opening on Tuesday following the mixed performance seen in the previous session. Traders may look to retreat to safe havens ahead of the release of closely watched reports on inflation in the coming days as well as the start of earnings season. Financial giants JPMorgan Chase (JPM) and Wells Fargo (WFC) are due to report their quarterly results on Friday, shedding light on what may have been a difficult quarter. Concerns about the global economic outlook may also weigh on the markets, particularly after President Donald Trump?s administration threatened to impose tariffs on European goods in response to European Union subsidies to Airbus. U.S. Trade Representative Robert Lighthizer estimates the harm from the EU subsidies as $11 billion in trade each year, with the amount subject to arbitration at the World Trade Organization. ?This case has been in litigation for 14 years, and the time has come for action,? Lighthizer said. ?The Administration is preparing to respond immediately when the WTO issues its finding on the value of U.S. countermeasures.? ?Our ultimate goal is to reach an agreement with the EU to end all WTO-inconsistent subsidies to large civil aircraft,? he added. ?When the EU ends these harmful subsidies, the additional U.S. duties imposed in response can be lifted.? Meanwhile, a European Commission spokesman called the estimated adverse effects of the subsidies ?greatly exaggerated? and pledged to retaliate against any new U.S. tariffs. The trade dispute between Trump and the EU comes amid lingering uncertainty about the U.S. and China reaching a final trade agreement. Stocks initially moved to the downside but regained ground over the course of the trading session on Monday. The major averages climbed well off their worst levels of the day, with the Nasdaq and the S&P 500 reaching positive territory late in the session. Eventually, the major averages ended the session mixed. While the Dow fell 83.97 points or 0.3 percent to 26,341.02, the Nasdaq rose 15.19 points or 0.2 percent to 7,953.88 and the S&P 500 inched up 3.03 points or 0.1 percent to 2,895.77. Profit taking contributed to the early weakness on Wall Street on the heels of recent strength, with the major averages pulling back following the notable upward move seen last week. Lingering concerns about a slowdown in the pace of global economic growth inspired traders to cash in on the recent gains. However, selling pressure waned shortly after the open as traders seemed reluctant to make significant moves ahead of the start of earnings season. Some analysts described the Federal Reserve's decision to downwardly revise its forecast for interest rates as an effort to keep the stock markets afloat amid an expected contraction in first quarter earnings. The major averages subsequently recovered over the course of the session, although a steep drop by Boeing (BA) kept the Dow in the red. Boeing tumbled by 4.4 percent after the aerospace giant announced a reduction in productions of its 737 MAX aircraft to 42 per month. On the U.S. economic front, the Commerce Department released a report showing new orders for manufactured goods fell by slightly less than expected in the month of February. The report said factory orders dropped by 0.5 percent in February after coming in virtually unchanged in January. Economists had expected orders to slide by 0.6 percent. Most of the major sectors ended the day showing only modest moves, contributing to the lackluster close by the broader markets. Gold stocks showed a strong move to the upside, however, with the NYSE Arca Gold Bugs Index climbing by 1.2 percent. The strength in the sector came amid an increase by the price of the precious metal. An increase by the price of crude oil also contributed to some strength among oil service stocks, while tobacco, utilities, and biotechnology stocks moved lower. --------------------------------------------------------------- 10 Stocks to Dump NOW [Click Here..]( --------------------------------------------------------------- U.S. Economic Reports CADUSD [CADUSD]( Oil [Oil]( Gold [Gold]( EURUSD [EURUSD]( The Treasury Department is scheduled to announce the results of its auction of $38 billion worth of three-year notes at 1 pm ET. --------------------------------------------------------------- Eccentric Millionaire Reveals His Secret $1.8 Million Cryptocurrency Script [Click here]( --------------------------------------------------------------- Europe European stocks have moved modestly lower on Tuesday as traders digest the U.S. threat of tariffs on a range of products and look ahead to a slew of key events this week for direction. Chinese Premier Li Keqiang and EU institution leaders will be meeting today in Brussels for an annual summit that's likely to be overshadowed by their differences. The ECB policy meeting, an EU summit on Brexit and the U.S. Federal Reserve's release of the minutes from its March meeting are all scheduled for Wednesday. While the German DAX Index has slid by 0.5 percent, the U.K.?s FTSE 100 Index and the French CAC 40 Index are both down by 0.2 percent. Volkswagen AG has moved moderately higher in Frankfurt. The company said the Volkswagen brand had delivered 542,700 vehicles worldwide in March, 7.2 percent below the record level for March 2018. Shares of Verona Pharma have also advanced. The clinical stage biopharmaceutical company focused on respiratory diseases announced that the European Patent Office has recently granted an additional key patent relating to its lead development candidate, ensifentrine. Meanwhile, drugmaker Novartis has moved sharply lower after completing the spin off its eyecare division Alcon. Airplane maker Airbus has also dropped after the U.S. threatened to impose tariffs on select EU goods, including large commercial aircraft and parts. Givaudan, a Swiss manufacturer of fragrance and flavor products, has edged down slightly after reporting 6.3 percent growth in first quarter sales on a like-for-like basis. --------------------------------------------------------------- Become a Shareholder in High Times The Original Voice of Cannabis. Join our investor community and help shape the emerging cannabis industry. [Click Here]( --------------------------------------------------------------- Asia USDCAD [USDCAD]( USDEUR [USDEUR]( USDGBP [USDGBP]( USDJPY [USDJPY]( Asian stocks once again ended mixed on Tuesday after U.S. President Donald Trump threatened to impose tariffs on select European goods in response to the claimed European Union subsidies for Airbus. Ongoing Brexit uncertainty and skepticism that any deal can permanently resolve U.S.-China trade tensions also kept investors nervous heading into the U.S. earnings season. Chinese shares fell on profit taking as investors awaited more clarity in trade negotiations with Washington. The benchmark Shanghai Composite Index dipped 5.15 points or 0.2 percent to 3,239.66, although Hong Kong's Hang Seng Index rose 80.34 points or 0.3 percent to 30,157.49. Japanese shares ended a choppy session higher as investors braced for a slew of earnings announcements. The Nikkei 225 Index edged up 40.94 points or 0.19 percent to 21,802.59, while the broader Topix closed marginally lower at 1,618.76. Sony shares soared 9.3 percent after reports that Daniel Loeb's hedge fund Third Point LLC is building a stake in the company to push for changes. Yaskawa Electric advanced 1.8 percent ahead of its earnings on Thursday. Tokyo Electron, TDK Corp and Advantest rallied 1-4 percent. Australian markets ended little changed amid losses in the banking sector. The benchmark S&P/ASX 200 Index crept up 0.40 points or less than a tenth of a percent to 6,221.80. The big four banks dropped between 0.2 percent and 0.6 percent. Mining heavyweights BHP and Rio Tinto eked out modest gains, while gold miner Newcrest added 1 percent. Rio Tinto said that it has approved the next stage in the development of Richards Bay Minerals in South Africa through the construction of the Zulti South project. Energy stocks paced the gainers, with Oil Search, Santos and Woodside Petroleum rising 2-3 percent after oil prices jumped about 2 percent overnight to hit five-month highs on expectations that supply would tighten due to fighting in Libya, OPEC-led cuts and U.S. sanctions against Iran and Venezuela. Healthcare stocks also advanced, with CSL and Cochlear gaining half a percent and 0.8 percent, respectively. Seoul stocks ended slightly higher as foreign investors bought shares on hopes for progress in the U.S.-China trade negotiations and a possible compromise on Brexit. The benchmark Kospi inched up 2.96 points or 0.1 percent to 2,213.56, led by healthcare companies such as Celltrion and Samsung BioLogics. --------------------------------------------------------------- Get your free PlusOne Coin. Plus One Coin (PLUS1) is a social media cryptocurrency where users can up-vote content and other social media. Claim it free from sponsored faucets [here..]( --------------------------------------------------------------- Commodities Crude oil futures are slipping $0.13 to $64.27 barrel after jumping $1.32 to $64.40 a barrel on Monday. Meanwhile, after rising $6.30 to $1,301.90 ounce in the previous session, gold futures are climbing $7.70 to $1,309.60 an ounce. On the currency front, the U.S. dollar is trading at 111.11 yen compared to the 111.48 yen it fetched at the close of New York trading on Monday. Against the euro, the dollar is valued at $1.1279 compared to yesterday?s $1.1263. --------------------------------------------------------------- To unsubscribe from this news bulletin or edit your mailing list settings click [here](. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +44 (0) 207 0700 961. Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49