Equity traders still not sure what to make of yesterday’s Wall St rally and US-China trade tensions A very cautious open, as the mix of sentiment between the performance of US equities and trade wars rhetoric weighs on investors’ minds.
Your daily thread to exchange ideas and thoughts – 4 April 2018 How’s your start to the new month going ? Pairs ranging still and providing good jobbing opportunities for those interested so are you taking advantage or waiting for that longer term train to pull into the station?
Headlines via Bloomberg Even more responses coming out of the Chinese camp on the day. I think it’s safe to say we all pretty much lost count already at this point.
A tepid start to futures trading in Europe The futures open is mainly picking up the mixed sentiment from Asian stocks today, as worries about a China-US trade spat blowing into something bigger continues to linger. China is believed to be announcing their plans to retaliate against US tariffs at 4.30pm Beijing time (0830 GMT)…
Commentary by JP Morgan Asset Management’s global market strategist, Kerry Craig Craig argues that the US doesn’t produce enough to meet consumer demand and “that doesn’t change if they’re putting tariffs on goods from other countries”.
Tokyo’s main index closes marginally higher as Asian stocks are mostly mixed on the day A relatively muted trading day for Japanese stocks as the range remains narrow. The index started off at the highs but fell thereafter.
Comments by the New Zealand Treasury via their monthly economic indicators report The full report can be found , and the chart pack can be located . here here
Citing a China state media journalist The headline says that China will announce retaliatory measures against the US in response to the tariffs list announced earlier .
AUD/USD starts to slip back below 0.7700 The dollar is retracing some gains across the board, and that has seen the aussie slip back to old habits – falling below the 0.7700 handle.
Headlines via Bloomberg No details given so far on the specifics of what the briefing will be about. the timing or The announcement says that it will be some time this afternoon. Best guess is that if it’s not retaliatory trade measures, it will be a repeat of the rhetoric we’ve seen throughout the morning.