Investing.com - Financial Markets Worldwide
Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

US STOCKS-Futures slip as Trump signals delay in trade deal with China

Published 12/03/2019, 07:44 PM
Updated 12/03/2019, 07:56 PM
US STOCKS-Futures slip as Trump signals delay in trade deal with China
AAPL
-
4503
-
BOLD_old
-

(For a live blog on the U.S. stock market, click LIVE/ or
type LIVE/ in a news window.)
* Futures off: Dow 0.33%, S&P 0.28%, Nasdaq 0.38%

By Arjun Panchadar
Dec 3 (Reuters) - U.S. stock index futures slipped on
Tuesday after President Donald Trump said a trade deal with
China might have to wait until after the U.S. presidential
election in November 2020, sparking fears of a delay in
resolving the tariff dispute.
"I have no deadline, no. In some ways I think it's better to
wait until after the election with China," Trump told reporters
in London where he was due to attend a meeting of NATO leaders.
Technology stocks including Apple Inc AAPL.O as well as
chipmakers and industrial stocks, which are trade-sensitive,
fell in premarket trading. Most U.S.-listed Chinese stocks were
also trading lower.
The prolonged dispute between the world's top two economies
has roiled financial markets, disrupted supply chains and dented
global growth.
The latest fallout of the trade war on the domestic economy
was dismal factory activity data, which led Wall Street's main
indexes in the previous session to pull back from their record
highs.
At 6:33 a.m. ET, Dow e-minis 1YMcv1 were down 92 points,
or 0.33%. S&P 500 e-minis EScv1 were down 8.75 points, or
0.28% and Nasdaq 100 e-minis NQcv1 were down 32 points, or
0.38%.
In corporate news, shares of Audentes Therapeutics Inc
BOLD.O doubled in value after Japan's Astellas Pharma Inc
4503.T said it would buy the U.S. drugmaker for about $3
billion in cash. AK Steel Holding Corp AKS.N rose 3.8% after miner
Cleveland Cliffs Inc CLF.N agreed to buy the steel maker for
about $1.1 billion in an all-stock deal. Shares of
Cleveland-Cliffs fell about 9%.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.