Stock Markets Crash as China Tariiffs Scares Investors

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  • #15723
    Helmholtz Watson
    Participant

    [article]660[/article]

    #15727
    MoneyNeverSleeps
    Participant

    Friday European stocks end down for the day and week with the German Dax leading the declines

    France’s CAC -1.2% and -3.3% for the week
    German DAX -1.6% and -4.0% for the week
    Italy’s FTSE MIB -0.49% and -2.4% for the week
    Portugal’s PSI20-0.4% and-1.6% for the week
    Spain’s Ibex -1.2% and -3.8% for the week
    UK’s FTSE -0.3% and -3.2% for the week

    For the year, the declines are growing:
    France, -3.9%
    Germany, -7.98%
    Italy actually up 2.24% in 2018.
    Portugal, -0.68%
    UK, -9.87%
    Spain, -6.39%

    #15728
    MoneyNeverSleeps
    Participant

    European 10 year bonds close for Friday

    France 0.759%, -1.0 basis points
    Germany 0.528%, unchanged
    Italy 1.876%, -1.1 basis points
    Portugal 1.721%, -3.3 basis points
    Spain 1.267%, -2.6 basis points
    UK 1.448%, +0.8 basis points

    #15729
    MoneyNeverSleeps
    Participant

    At European traders Close Seeing Some Switch to Other Assets For Hedging risk

    Spot gold plus $20.62 or 1.55% at $1349.64
    WTI crude oil futures plus $1.09 or 1.7% at $65.37

    US stocks Still pressured
    S&P index -14.8 points or -0.57%
    NASDAQ -61 points or -0.85%
    DJIA -68 points or -0.28%

    US yields are trading near unchanged:
    two-year 2.266%, -1.2 basis points
    five-year 2.618%, -0.5 basis points
    10 year 2.828%, +0.4 basis points
    30 year 3.070%, +0.8 basis points

    #15731
    Truman
    Participant

    Blood on the streets – all around the world

    #15736
    MoneyNeverSleeps
    Participant

    No bounce just more selling-

    S&P index fell -2.10% or -55.43 points at 2588.26. For the week, the S&P fell -5.95%
    Nasdaq fell -2.43% or -174.01 points at 6992.67. For the week, the Nasdaq fell -6.54%
    Dow fell -1.77% or -424.69 points at 23533.20. For the week, the Dow fell -5.67%

    For the year:
    The S&P is now down -3.19%
    The Nasdaq is still holding to +1.29% gain
    The Dow is down -4.80%.

    #15738

    [b][color=brown]^^^ +1s … TRUE — when the BEARS come out of hibernation — they never sleep :pinch:

    Fed rake hike, New Tariffs, higher budget, trade wars, etc. — are painful actions for all … not a good week — as short term some lemons surfaced this week … but maybe long term, some things completely out of control for past decade or two will be reigned in[/color][/b]

    #15740
    MoneyNeverSleeps
    Participant

    Some selling alright and justifiably so – see what the weekend brings either way – might need shelter from the storm…

    [video]https://www.youtube.com/watch?v=xHwjawG7_SU[/video]

    #15759
    TradersCom
    Keymaster

    So what happens if there is some kind of trade deal with China?

    #15783
    MoneyNeverSleeps
    Participant

    Monday morning gap up on hopes of US/China trade resolve
    Dow is up 436 points or 1.85%
    The Nasdaq is up 132.23 points or 1.89%
    The S&P is up 43.63 points or 1.69%.

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