U.S. stock futures drop after Trump slaps new tariffs on China
By Hideyuki Sano TOKYO (Reuters) - U.S. stock futures dropped and Asian shares are expected to come under renewed pressure on Tuesday after U.S. President Donald Trump said he will impose 10 percent U.S.
By Hideyuki Sano
TOKYO (Reuters) - U.S. stock futures dropped and Asian shares are expected to come under renewed pressure on Tuesday after U.S. President Donald Trump said he will impose 10 percent U.S. tariffs on about $200 billion worth of Chinese imports.
While he spared smart watches from Apple
"Considering his latest comments as well as recent falls in his support, it is hard to expect Trump to soften his stance on trade in the near future," said Norihiro Fujito, chief investment strategist at Mitsubishi UFJ Morgan Stanley Securities.
S&P500 E-mini futures
That came after all three major U.S. indexes dropped on Monday, with the tech-heavy Nasdaq posting its biggest percentage loss since late July.
Nikkei futures in Chicago
In the currency market, the yen gained while the risk-sensitive Australian dollar dropped.
The yen strengthened slightly to 111.74 per dollar
The Australian dollar shed 0.4 percent in early trade to $0.7148
The euro stood little changed at $1.1673
The 10-year U.S. Treasuries yield hit near four-month high of 3.0220 percent on Monday, extending its rise on back of a recent run of solid U.S. data, before stepping back to 2.994 percent
Oil prices also dropped on worries rising trade tension between the U.S. and China could dent global crude demand.
U.S. West Texas Intermediate (WTI) crude futures
(Reporting by Hideyuki Sano; Editing by Eric Meijer)
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By Robin Emmott and John Irish | BRUSSELS/PARIS BRUSSELS/PARIS France and Germany will agree to a U.S. plan for NATO to take a bigger role in the fight against Islamic militants at a meeting with President Donald Trump on Thursday, but insist the move is purely symbolic, four senior European diplomats said.The decision to allow the North Atlantic Treaty Organization to join the coalition against Islamic State in Syria and Iraq follows weeks of pressure on the two allies, who are wary of NATO confronting Russia in Syria and of alienating Arab countries who see NATO as pushing a pro-Western agenda."NATO as an institution will join the coalition," said one senior diplomat involved in the discussions. "The question is whether this just a symbolic gesture to the United States
BEIJING Chinese President Xi Jinping on Wednesday called for greater efforts to make the country's navy a world class one, strong in operations on, below and above the surface, as it steps up its ability to project power far from its shores.China's navy has taken an increasingly prominent role in recent months, with a rising star admiral taking command, its first aircraft carrier sailing around self-ruled Taiwan and a new aircraft carrier launched last month.With President Donald Trump promising a US shipbuilding spree and unnerving Beijing with his unpredictable approach on hot button issues including Taiwan and the South and East China Seas, China is pushing to narrow the gap with the U.S. Navy.Inspecting navy headquarters, Xi said the navy should "aim for the top ranks in the world", the Defence Ministry said in a statement about his visit."Building a strong and modern navy is an important mark of a top ranking global military," the ministry paraphrased Xi as saying.