Weekend trade talk rattles markets

|By:, SA News Editor

Stocks across the globe are once again opening the week in the red as tough trade talk over the weekend weighed on investor sentiment.

The EU warned of $300B in reciprocal U.S. tariffs, the RCEP trade pact resurfaced and there are worries about what Mexico's new president means for NAFTA.

The Trump administration has also reportedly drafted a bill to unilaterally raise tariffs without congressional consent, abandoning the rulebook of the World Trade Organization.

Asia: Nikkei -2.3%; Hang Seng +1.6%; Shanghai -2.5%; Sensex -0.8%.

Europe: FTSE 100 -1.1%; CAC 40 -1.2%; DAX -1%.

U.S. futures: Dow -0.8%; S&P -0.7%; Nasdaq -1%.

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, SFLA, QQXT, SPUU, SPXE, UDPIX, OTPIX, RYARX, SPXN, SPDN, SPXT, SPXV

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