•   
  •   
  •   

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

13:10  10 august  2018
13:10  10 august  2018 Source:   cnbc.com

US stocks set for a tepid open, ahead of Pfizer, Apple, P&G earnings

  US stocks set for a tepid open, ahead of Pfizer, Apple, P&G earnings U.S. stock index futures fluctuated ahead of Tuesday’s open, as a two-day central bank policy meeting begins. Around 6:00 a.m. ET, Dow futures slipped 3 points, indicating a flat open of -0.83 points, while Nasdaq and S&P 500 futures indicated a relatively flat-to-upbeat start to their respective sessions.Earnings season continues Tuesday, with a wave of corporate earnings expected.

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.

Futures point to a slightly lower open as investors await jobs report

  Futures point to a slightly lower open as investors await jobs report U.S. stock index futures pointed to a slightly lower open on Friday morning, as investors remain cautious ahead of the July jobs report. At around 5:10 a.m. ET, Dow futures slipped 24 points, indicating an implied open of around 14 points lower. The Nasdaq and S&P 500 futures also pointed to a modestly lower start to the session for both of their respective markets.Earnings season continues to be in full swing on Friday, with an abundance of businesses set to report their latest figures. Investors are likely to pay close attention to Kraft Heinz, Toyota Motors, Petrobras, Groupon and Berkshire Hathaway.

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.

Oil set for longest losing run since 2015 amid economic fears .
Oil headed for the longest run of weekly declines in three years, dragged down by everything from an emerging-market rout to rising global supplies and lingering concerns over a spat between the world’s biggest economies.Futures added 0.8 percent in New York, and 1.3 percent in London, amid another labor strike at North Sea oil and gas platforms. Yet prices remained lower on the week, poised for their seventh straight loss in New York, as turmoil in Turkey and the continued Chinese-American tariff battle rattled investors. Oil supplies have also appeared more plentiful as U.S.

—   Share news in the SOC. Networks

Topical videos:

This is interesting!