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Selloff on pause as futures post gains

  • Stocks in Asia fell overnight, playing catch-up to yesterday's selloff on Wall Street, which saw the Dow dive 617 points as China retaliated against new U.S. tariffs with its own $60B in levies on American imports.
  • There's now a refreshing sea of green being seen across major European markets, as well as in the U.S., with DJIA and S&P 500 futures up 0.5% and Nasdaq ahead by 0.8%.
  • Some optimism? President Trump has not ruled out the prospect of a trade accord being reached within weeks and said he was prepared to meet Chinese President Xi Jinping at the coming G20 summit in June.
  • Oil is down 0.3% at $60.83/bbl, gold is 0.3% lower at $1298/ounce and the 10-year Treasury yield is flat at 2.41%.
  • ETFs: SPY, QQQ, DIA, SH, SSO, VOO, SDS, IVV, SPXU, TQQQ, UPRO, PSQ, SPXL, RSP, SPXS, SQQQ, QID, DOG, QLD, DXD, UDOW, SDOW, VFINX, EPS, DDM, QQEW, QQQE, SPLX, OTC:SFLA, QQXT, SPUU, SPXE, UDPIX, OTPIX, RYARX, SPXN, SPDN, SPXT, SPXV

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