A new round of tit-for-tat tariffs came into effect on Sunday and although US President Donald Trump has said both sides would still meet for talks later this month, tensions have shown little sign of abating.
Washington slapped 15% tariffs on a variety of Chinese goods on Sunday - including footwear, smart watches and flat-panel televisions - while Beijing imposed new duties on US crude, the latest escalation in a bruising trade war.
As the trade war is on, Bloomberg reported that US and Chinese trade officials are still struggling to schedule a meeting planned this month.
On Wall Street, the future for the benchmark Standard & Poor's 500 index was off 0.6 percent with trading due to resume after a three-day weekend.
In Europe, London's FTSE 100 rose 1.1% and France's CAC 40 added 0.2%.
Elsewhere, silver rose 0.1 per cent to $18.47 per ounce.
The South Korean Kospi edged 0.07% higher to 1,969.19, with industry bellwether Samsung Electronics down 0.45% and chipmaker SK Hynix up 0.26%. That for the Dow Jones Industrial Average was down 0.7%.Читайте также: Iranian judo champion afraid to go home in Israel dispute
Gold futures for December ended up $26.50, or 1.7%, at $1,555.90 an ounce, their highest settlement since April 2013. "There's a lot of uncertainty on the Brexit front, politics in Italy, protests in Hong Kong as well - a lot of stuff that's positive for gold".
Gold reserves held by Venezuela's central bank fell by $1 billion in the first half of 2019, official data released this week showed, amid opposition accusations that the government is selling the precious metal overseas to raise revenue in the face of US sanctions. Further, New Zealand's (NZ) NZX50 gains close to 1.5% as Finance Minister ruled out expectations of witnessing unconventional policy in NZ in the short-term.
The business magazine Caixin said its monthly purchasing managers' index showed activity edging up but a gauge of new orders fell to its lowest level this year. A separate batch of about $160 billion in Chinese goods including laptops and cellphones will be hit with 15% tariffs on 15 December 2019. China responded by charging tariffs of 10 percent and 5 percent on a list of American goods.
The decrease comes a day before the Bank of Canada is expected to maintain its trend-setting interest rate at 1.75 per cent. Shares in companies that rely on consumer spending also fell. Asian stock markets are mixed after Washington and Beijing stepped up their trade war with a new round of tariff hikes.
Oil prices also fell on Monday. Brent crude, used to price global oils, retreated 33 cents to $58.93 per barrel in London. It sank 69 cents the previous session to $58.66.
CURRENCY: The dollar gained to 106.28 yen from Friday's 106.24 yen. BDO Unibank Inc., the biggest lender in terms of assets, declined 2.7 percent to P145, while Aboitiz Equity Ventures Inc. lost 1.5 percent to P53.10.При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
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