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Stock futures struggle for direction in wake of steep trade-driven selloff
The blue-chip gauge also ended below its 200-day moving average, a closely watched level, for the first time since June 2016, as investors fretted about President Donald Trump’s latest threats against America’s trade partners, as well as the potential for more regulatory measures targeting China. Investors are remaining concerned that trade tensions between the U.S. and major trading partners such as China and the European Union could develop into a big drag on the global economy. Peter Navarro, the president’s trade adviser, said Monday a forthcoming Treasury Department report will focus on China, and with respect to other countries, there is “nothing on the table.” Navarro spoke on CNBC following a tweet by Treasury Secretary Steven Mnuchin, which said investment restrictions will apply to all countries attempting to steal U.S. technology, not just China.
https://finance.yahoo.com/m/dfd7028...08d/stock-futures-struggle-for.html?.tsrc=rss
The blue-chip gauge also ended below its 200-day moving average, a closely watched level, for the first time since June 2016, as investors fretted about President Donald Trump’s latest threats against America’s trade partners, as well as the potential for more regulatory measures targeting China. Investors are remaining concerned that trade tensions between the U.S. and major trading partners such as China and the European Union could develop into a big drag on the global economy. Peter Navarro, the president’s trade adviser, said Monday a forthcoming Treasury Department report will focus on China, and with respect to other countries, there is “nothing on the table.” Navarro spoke on CNBC following a tweet by Treasury Secretary Steven Mnuchin, which said investment restrictions will apply to all countries attempting to steal U.S. technology, not just China.
https://finance.yahoo.com/m/dfd7028...08d/stock-futures-struggle-for.html?.tsrc=rss
