FYI:
,At around 04:35 a.m. ET, Dow futures dipped 95 points, indicating a negative open of more than 97 points.
,Futures on the S&P and Nasdaq were both lower.
,China’s state media denounced Trump’s tariff threat, with the editor in chief of the Global Times saying new charges would “by no means” bring both sides closer to a deal.
U.S. stock index futures were lower Friday morning, after President Donald Trump said he would slap an additional 10% tariff on Chinese imports from next month.
At around 04:35 a.m. ET, Dow futures dipped 95 points, indicating a negative open of more than 97 points. Futures on the S&P and Nasdaq were both lower.
In a series of tweets on Thursday, the U.S. president said the 10% charge would be imposed on $300 billion worth of Chinese goods. The levy will take effect from September 1.
The move breaks a truce in the long-running trade war between the world’s two largest economies, with investors fearful it could further disrupt global supply chains.
Global stocks followed U.S. markets lower Friday after President Trumpthreatened to extend tariffs to essentially all Chinese imports.
The Stoxx Europe 600 fell 1.5%, led by losses in the basic resources sector. AMS, the semiconductor company, was the worst performer in the region with a drop of 13%.
In Asia, most regional stock markets declined. Benchmarks in Japan and Hong Kong retreated more than 2%. In mainland China, the Shanghai Composite dropped 1.4%. Equities in Australia also weakened.
Investors sought haven assets such as U.S. Treasurys and the Japanese yen. The benchmark 10-year Treasury yield slumped below 2%, falling to its lowest level since the 2016 U.S. election.
In the foreign-exchange markets, the Japanese yen gained 0.4% against the U.S. dollar after rising 1.3% overnight, its biggest single-day gain in more than two years. The Australian dollar, which is vulnerable to trade concerns, weakened to the lowest since January.
The Chinese yuan hit 6.9769 a dollar in the offshore market, its weakest since November.
In commodities, global oil benchmark Brent crude was up 2% to $61.72 a barrel, as it partially recovered from a sharp fall Thursday following Mr. Trump’s tariff threat. Gold gained 1.3%.
Regards,
Ted
WSJ:
https://www.wsj.com/articles/fresh-trump-tariff-threat-roils-investors-around-world-11564714274Bloomberg
https://www.bloomberg.com/news/articles/2019-08-01/asia-stocks-set-to-slide-on-fresh-tariff-shock-markets-wrap?srnd=premiumIBD:
https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-trump-tariffs-slam-apple-stock-market-rally-square-pinterest/CNBC:
https://www.cnbc.com/2019/08/02/stock-market-dow-futures-slightly-lower-after-trumps-tariff-threat.htmlReuters:
https://www.reuters.com/article/us-usa-trade-china/trump-hits-china-with-more-tariffs-sharply-escalating-trade-dispute-idUSKCN1UR3SXU.K.
https://uk.reuters.com/article/uk-britain-stocks/ftse-100-tracks-global-slide-as-brexit-worries-hit-rbs-idUKKCN1US0SBEurope:
https://www.reuters.com/article/us-europe-stocks/european-shares-tank-after-trump-threatens-new-china-tariffs-idUSKCN1US0V5Asia:
https://www.marketwatch.com/story/asian-markets-sink-as-us-china-trade-tensions-ramp-back-up-2019-08-01?mod=asia-marketsBonds:
https://www.cnbc.com/2019/08/02/us-bonds-trump-imposes-new-tariffs-on-china.htmlCurrencies:
https://www.cnbc.com/2019/08/02/forex-markets-us-china-trade-war-dollar-yen-in-focus.htmlOil:
https://www.cnbc.com/2019/08/02/oil-markets-us-china-trade-war-in-focus.htmlGold:
https://www.cnbc.com/2019/08/02/gold-markets-us-china-trade-in-focus.htmlCuirrent Futures:
https://finviz.com/futures.ashx 
