U. S. stock index futures fell on Monday as fears of a trade war continued to hang over global markets. European stock index futures also fell significantly.
Data sources:Yingwei Financial investing.com
[hot news]
International public opinion is worried about the potential adverse effects of tariffs imposed by the United States and Canada.Just a few months ago, the global economy seemed to be booming, with the economies of several big countries growing, according to an analysis by the New York Times. Today, the world's wealth is threatened by an impending trade war. As the Trump administration imposed tariffs on allies and rivals and triggered widespread retaliation, signs of tension flashed that global trade was disrupted and could hamper economic growth. Experts are generally worried that if countries continue to increase tariffs, it will have serious consequences for the world economy.
The extent and speed of crude oil production may be far less than expected.. Analysts believe that OPEC and non-OPEC major oil producers will not be able to meet their original plans this summer, and that it will take longer than the market expected to reach this level.
[Asian Market Overview]
On Monday, A shares and Hong Kong stocks were closed, while the Japanese stock market fell. Concerns about how the trade dispute between the US and China will develop cast a shadow over risky assets, boosting the yen and putting some pressure on the Japanese stock market. The Nikkei index fell 0.75% to 22680.33.
[important news from American companies]
$Alphabet Inc-CL C (GOOG.US) $Alphabet Inc-CL C will invest US $550 million in cash in JD.com and the two sides will form an extensive strategic partnership.
$Tesla, Inc. (TSLA.US) $Tesla, Inc. has debts of more than $10 billion and $1.25 billion is due next year. The company's debt is growing at the same rate as sales. Tesla, Inc. is growing faster than any other carmaker, but debt is growing at the same rate as sales.
$Wells Fargo & Co (WFC.US) $The scandal continues to affect Wells Fargo & Co's municipal bond underwriting, the latest sign that large clients have not forgiven the company in the wake of the bank's sales scandal.
[important news of Chinese stocks]
$JD.com (JD.US) $JD.com 's share price rose 5.5 per cent before trading, spurred by the news of Alphabet Inc-CL C's stake.
$Vipshop Holdings Limited (VIPS.US) $JD.com spent $120 million to increase its stake in Vipshop Holdings Limited to 6.8 per cent, according to a recent filing with the US Securities and Exchange Commission (SEC). The share price rose 4% before the market closed.