President Donald Trump suggested
imposing a large fine on Chinese telecommunication giant ZTE and requiring a
change in management, while doubts grew about the success of the Trump and Kim
Jong Un summit in Singapore later next month.
US Treasury Secretary Steven
Mnuchin said the US will carry on tariffs on Chinese steel and aluminum imports
with no change in policy planned in that regard.
From the US
Now markets await the Federal Open
Market Committee's minutes for the May meeting, at which policymakers voted to
stay overnight interest rates unchanged at below 1.75%.
Dow Jones fell 0.72%, or 178.88
points to 24,834.41, while Standard and Poor's 500 fell 0.31%, or 8.57 points
to 2,724.44. NASDAQ Composite shed 0.21%, or 15.58 points to 7,378.46.
Gold futures due on June 15 barely
inched down to $1,290.80 an ounce from the opening of $1,290.90, while the
dollar index retreated 0.09% to 93.59 from the opening of 93.68.
US crude futures due on June 15
inched down 0.15% to $72.13 a barrel from the opening of $72.24, while Brent
futures due on July 15 rose 0.23% to $79.40 a barrel from the opening of
$79.22.
Dollar fell on Tuesday against a
basket of major rivals for the second session as traders collect profits after
the greenback hit five-month highs yesterday, while 10-year treasury yields
backed off multi-year highs.
The dollar index dipped 0.2% as of
12:07 GMT, to 93.30 from the opening of 93.45, with a session-high at 93.63,
and a low at 93.18.
The dollar index closed down 0.1%
yesterday, the first loss in six days after marking a five-month high at 93.95.
The index marked a 1.2% profit
last week, the fifth weekly profit in a row on strong gains in long-term US
However, 10-year treasury yields
have fallen today to 3.052% away from a seven-year peak at 3.128% hit on
Friday.
Now investors await the Federal
Reserve's meeting minutes tomorrow to provide clues on the chances of US
Follow-up of recommendations
and market analysis can be followed through exclusive sites to publish
recommendations on
Through social platforms
Via your mobile
0 Comments