- Risk aversion has returned to the markets, with equities across the globe sinking overnight ahead of a contentious G7 summit in Canada.
- In response to the combative comments issued by both countries, President Trump took to Twitter late Thursday to blame France and Canada of imposing massive tariffs on U.S. goods and accuse Justin Trudeau of "being so indignant."
- At worst, the main outcome could generate an escalation of a trade conflict which has already seen a rapid proliferation of retaliatory tariffs.
- Asia: Nikkei -0.6%; Hang Seng -1.8%; Shanghai -1.4%; Sensex -0.1%.
- Europe: FTSE 100 -0.7%; CAC 40 -0.4%; DAX -1.3%.
- U.S. futures: Dow -0.6%; S&P -0.6%; Nasdaq -1%.
- Oil is down 0.4% at $65.72/bbl, gold is flat at $1303/ounce and the 10-year Treasury yield is down 3 bps to 2.9%.
- ETFs: SPY, QQQ, DIA, SH, SSO, VOO, SDS, IVV, SPXU, TQQQ, UPRO, PSQ, SPXL, RSP, SPXS, SQQQ, QID, DOG, QLD, DXD, UDOW, RWL, SDOW, VFINX, EPS, DDM, QQEW, QQQE, SPLX, SFLA, QQXT, SPUU, SPXE, LLSP, UDPIX, OTPIX, RYARX, SPXN, SPDN, SPXT, SPXV
- Now read: Combing The Markets For Growth, Income, And Value: A Round Table Interview With Rob Marstrand
Original article