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US Futures in red China with weak export and tension around Trade War

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Futures indicate a negative start of the session on Wednesday after China pulled out weak data from Export to March that added more oil to fire with customs misunderstandings.

Dow is red with 0.4%, S & P 500 is also down 0.4%, and NASDAQ will open 0.5% on red.

The market is struggling to stabilize after US sales agent Robert Lightheiser confirms that the US intends to raise $ 200 billion in imports of goods from China on Friday. This has prompted Chinese trade negotiators who arrive later this morning in Washington to start a new round of talks and have less leeway to make the concessions demanded by the United States.

Negativity also came from Iran, which said it would start to enrich uranium again in two months if China, Russia and the EU signed an agreement with the United Nations did not review US sanctions for oil exports.

Premarket:

Chesapeake Energy (CHK.US) will open 6.5% on red after weak data for 1Q.

Lyft (LYFT.US) wiped 2.5% after it became clear that the company was at a loss of $ 1 billion from the IPO to date.

TripAdvisor (TRIP.US) sank 6.6% after disappointing 1Q data.

Electronic Arts (EA.US) will open on the green with 6.8% after "better-than-expected" and sales growth for 1Q.

Match Group (MTCH.US) shot 7.3% after the company surprised the growth of new subscribers.


 Trader Velizar Mitov

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