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Money Dow set to sink at the open as politics, trade woes keep investors on edge

16:36  10 august  2018
16:36  10 august  2018 Source:   cnbc.com

Dow is set to slide nearly 200 points as Trump ratchets up trade tensions

  Dow is set to slide nearly 200 points as Trump ratchets up trade tensions Dow is set to slide nearly 200 points as Trump ratchets up trade tensionsAround 5:50 a.m. ET, Dow futures sank 162 points, indicating a negative open of -179.82 points. S&P 500 and Nasdaq futures also posted sharp losses ahead of the open.

Markets. Business News. Investing . Tech. Politics . CNBC TV. US futures slide as political concerns keep investors on edge . On Friday, however, red is striking markets across the board, as political woes and trade fears send jitters across global markets.

Keep Me Logged In. The Dow Jones industrial average fell Wednesday as Boeing shares pulled back on worries the While Canada and Mexico are exempt from the deal, fears over a potential trade war remain, as investors worry that countries around the world may impose their own retaliatory tariffs.

Markets Take Steep Dive Amid Continue Trade Tensions Between U.S. And China© Provided by CNBC Markets Take Steep Dive Amid Continue Trade Tensions Between U.S. And China

U.S. stock index futures fell deep into the red ahead of Friday's open, following negative sentiment in markets overseas.

Around 5:35 a.m. ET, Dow futures dropped 93 points, indicating a negative open of -93.23 points, with the S&P 500 and Nasdaq futures also pointing to a downbeat start to the day.

During yesterday's trade, the Nasdaq Composite scored its longest winning streak in close to a year, boosted by positive trade out of tech stocks including Amazon and Apple.

On Friday, however, red is striking markets across the board, as political woes and trade fears send jitters across global markets.

Stocks in U.S. lift on strong earnings as trade fight caps gains

  Stocks in U.S. lift on strong earnings as trade fight caps gains Stock markets lifted on Monday after strong corporate earnings helped Wall Street close higher, but a tariff dispute between the United States and China limited gains in equities while boosting the dollar and helping keep Treasury yields lower. Sterling dropped to an 11-month low after the British trade minister warned that the nation was headed for a no-deal Brexit, stoking investor fears that Britain could soon leave the European Union without securing a trade agreement. U.S.

Keep Me Logged In. The Dow gained more than 300 points while the small-caps Russell 2000 index notched a record high. In recent days, markets around the globe have been on edge over concerns surrounding the euro zone's third-largest economy, Italy.

Investing . Tech. Politics . CNBC TV. Menu. The Dow Jones industrial average closed 669 points higher, with Microsoft as the best-performing stock in the index. "While fundamentals are conducive for growth, policy uncertainties related to trade are keeping investors off balance."

In politics, the U.S. remains embroiled in a trade dispute with China and on Wednesday announced that it planned to inflict sanctions on Russia over its alleged chemical poisoning of an ex-spy in England earlier this year.

Russia's Prime Minister Dmitry Medvedev warned the States on Friday that enacting these sanctions could be treated as a declaration of economic war, according to Reuters. Consequently, investors have been keeping a close eye on the Russian ruble.

Likewise, investors continue to monitor trade tensions between Washington and Beijing. This week both governments announced the possibility of imposing tit-for-tat tariffs on an additional $16 billion worth of goods.

In economic data, consumer price index (CPI) figures are due out at 8:30 a.m. ET, followed by the Monthly Treasury Statement at 2 p.m. ET.

No earnings are scheduled to come out Friday.

Trudeau takes aim at Maxime Bernier for stoking 'politics of division' .
In his first public remarks on the increasingly fractious debate over diversity in this country, Prime Minister Justin Trudeau says Maxime Bernier's tweets on "extreme multiculturalism" are just the latest display of the Conservative Party's penchant for the "politics of division." Asked about Bernier's condemnation of the Liberals for embracing ever more diversity, Trudeau said the Conservative party "hasn't changed much since the time of Stephen Harper.

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