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US Market Outlook 05 Sept 2018

Posted by Tim Sholl on 05-Sep-2018 23:24:28

US markets were lower last night , the Asian markets were all lower , the European indices are all lower , and futures markets are showing US indices all lower again today. The trade tensions between the US and China and the threat to world growth that an escalation may cause is being taken very seriously by investors.

Trade talks are also taking place between the US and Canada as they work towards a replacement to the NAFTA agreement. The threat of Canada not agreeing to a deal has weakened the CAD in recent days.

Latest prices are as follows:

Dow 25883 down 69 / S&P500 2891 down 5 / Nasdaq100 7611 down 10.

EUR 1.1628 up 46 / GBP 1.2954 up 100 / JPY 111.68 up 20.  US Dollar weakening as Germany calls to end of ECB QE programme

News that the UK and Germany have dropped some key Brexit demands has helped the EUR and GBP to rally.

Topics: Trading, Market News, US Market Outlook