US futures are in red territory a day after the S & P500 recorded a new record. The move was driven by optimism about trade talks between the US and China, but investors were left with a thorn after the news that the US is preparing new tariffs against the EU.
In addition to the negative sentiment came the series of worse-than-expected PMI data from different regions of the world. The fear that the global economy is slowing down again appeals to investors.
Markets on Monday responded positively against a backdrop of renewed talks between Beijing and Washington, while Trump said it would not impose any new tariffs and would consider reducing the restrictions on Huawei. And while everything looks good on the Chinese front, the European is threatened with new tariffs of $ 4 billion. The threat comes after the unresolved conflict between Airbus and Boeing for airplane delivery.
Market participants are also tuned for the Fed's cut rate at the FOMC on 30-31 July, despite the latest developments in the negotiations.
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