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Wall Street begins trading on a contrast amid tensions of trade war

2019-06-03 02:15 pm | Resource: NEWS | No Views : 68

 Wall Street begins trading on a contrast amid tensions of trade war

Wall Street started a mixed session on Monday as market participants watched the continuing stalemate of US-China trade negotiations after Beijing published a white paper on Sunday, saying it was ready to work with Washington to find a solution to the dispute, but at the same time blaming the Controversy over the American administration.

Trade tensions have increased as China extended retaliatory tariffs to more than two-thirds of imports from the United States on Saturday, and Beijing is also preparing to warn against the danger of studying in America. China accuses the US government of resorting to intimidation and coercion in now stalled trade talks, and Chinese officials also plan to take action against "unreliable" foreign companies.

At the same time, investors are heading for the latest economic figures later in the day, including PMI manufacturing and construction spending in the US.

Hasit's departure is not related to tariffs

The departure of former White House Council of Economic Advisers Chairman Kevin Hassett is not linked to tariffs imposed by US President Donald Trump on China and Mexico, CNBC reported on Monday.

In an interview with the media, Hasset said his departure was "in business for a short time" and it was "normal" for CEA leaders to leave after two years. "The more I stay in the White House, the closer I get to everyone in the West Wing," he said. Hasset did not specify what his next job would be and confirmed he would leave office at the end of the month.

Hasit's departure was announced earlier in the day by Trump. He said he would replace him on his return from his official visit to England.

US Stocks Open
  • The Dow Jones Industrial Average started the session unchanged.
  • The Nasdaq 100 fell 0.24% shortly after the opening bell as Fapita shares continued to fall, losing 6.40%.
  • The S & P 500 was also flat at the start of the session.

The euro rose 0.20% against the US dollar, rising $ 1.1194 at 4:30 pm Eastern Time.


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