Wall Street seen lower on fresh China levies reports

Monday, 17. September 2018 12:08

Markets in the United States are poised for a start of trading in the negative territory on Monday as trade war rhetoric escalates between Washington and Beijing. After it was reported that US President Donald Trump plans to announce new levies, Chinese Foreign Ministry responded earlier today that it would retaliate, according to spokesman Geng Shuang. Meanwhile, the dollar dropped today with the euro climbing to session highs. On the earnings front, Oracle and FedEx are scheduled to post earnings results after the closing bell.

The Dow Jones was seen 0.14% lower. The Nasdaq 100 is expected to drop 0.18% at the opening bell. Meanwhile, the S&P 500 was set to start the trading session 0.15% in the red.

The euro gained 0.24% against the greenback, to go for 1.1652 at 12:05 pm CET.

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Breaking the News / BM