Stocks under pressure after the resurgence of the US-Chinese Trade War

The stock market is in red and government bond futures rose after Trump threatened to raise customs duties on imports from China as early as the end of this week, thus questioning the visit of the Chinese delegation to Washington on Wednesday.

The S & P 500 futures slipped 2.2%, indicating a tense beginning of the week on Wall Street, Europe and Asia dyed red especially Shanghai, which wiped out 6.6%. The Beijing government urged the "national team" of investors to intervene on the market if necessary.

As a result of the panic, the JPY surges, Aussie falls bond market is closed due to the London and Tokyo holidays. WTI wiped out another 3.1% of its value after Saudi Arabia lowered June prices for all of its production at the request of the US, as well as alleviating the fears of hindering supply.

We can add to North Korea's rocket trials, which were considered the first ballistic experience since 2017, and question the US Trump nuclear deal.

Events to keep track of during the week:

• Chinese Vice Premier Liu He, must visit Washington on Wednesday, expecting additional information.
• RBA will report interest on Tuesday, and Bank of New Zealand is the next day.
• China will report trade data on Wednesday and US on Thursday, with the CPI on both sides expected on Thursday and Friday respectively.

Source: Bloomberg Finance L.P.

Graphs: Used with permission of Bloomberg Finance L.P.

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