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United States markets The trade gap between the United States and China is rising

2018-09-10 02:16 pm | Resource: News | No Views : 263

US stock markets started trading on Monday with moderate gains after it closed on Friday the threat of US President Donald Trump to cover all Chinese exports to the country with a new set of trade barriers. Trump called Apple and Ford Motor Co. over the weekend to focus their production in the United States, which the automaker responded negatively, citing non-profit concerns.

In terms of trade with the European Union, the US trade representative said earlier in the day that he had a "constructive meeting" with his counterpart from Brussels, Cecilia Malmström.

Shares on Alibaba fell to its lowest level in more than a year

Shares of Alibaba Holdings fell to a one-year low on Monday after the opening of Wall Street markets after news that the company's founder and CEO Jack Ma will leave office in September 2019 and retire.

According to a CNBC report issued earlier today, the CEO of Daniel Zhang, CEO of the online retailer, who took over as CEO in 2013, will be chief executive officer. Ma intends to stay on the board of directors at least until the shareholders' annual meeting of 2020.

Alibaba shares fell 2.10% at 3:49 CET, the lowest point since August 16, 2017. In the past 12 months, the company's shares lost 5.38% of its value on the New York Stock Exchange, while it rose 150.52% in the last 3 years

US Stocks Open
  • The Dow Jones Industrial Average rose 0.45%.
  • The S & P 500 rose 0.38% at the opening bell.
  • The Nasdaq 100 rose 0.27% at the start of the session.

The euro was 0.41% stronger against the dollar, selling at $ 1.16005 at 3:32 pm CET.

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