Singapore skyline office rents
US crude CLcv1 rose 1.34 percent to $64.39 per barrel and Brent LCOcv1 was at $68.47, up 1.56 percent on the day. The S&P 500 gained 7.43 points, or 0.281047 per cent, to 2,651.12.
The Dow was down 11.6 percent since its January 26 high, and hit its lowest close since confirming a correction in February.
Canada's main stock index rose, led by materials shares as gold prices surged to one-month high on Friday, a day after the index posted its worst day since September 2016 on fears of a global trade war. Futures on the S&P 500 Index fell 0.5%. While the German DAX Index plunged by 1.7 percent, the French CAC 40 Index and the U.K.'s FTSE 100 Index tumbled by 1.4 percent and 1.2 percent, respectively.
That followed large falls in the US and overnight in Asia.
The White House is expected to announce a raft of punitive measures aimed at China, including levies totaling at least $30 billion.
Asian stock markets and the U.S. dollar tumbled yesterday while gold rose, as investors braced themselves for a potential trade war after China unveiled countermeasures against the United States in retaliation over President Donald Trump's proposed tariff sanctions against the Asian economic giant.
China disclosed its own plans on Friday to impose tariffs on up to $3-billion of USA imports in retaliation against US tariffs on Chinese steel and aluminum products.
The MSCI Asia Pacific Index sank 1.3 per cent as of 9.09am Tokyo time.
US Trade Representative Robert Lighthizer said on Wednesday that the tariffs would target China's high-technology sector and could also include restrictions on Chinese investments in the US.
With investors seeking out safer assets, many have jumped into government bond markets in Europe and the United States.
Man United star opens up about Pogba and Mourinho's relationship
There is a kind of inherent friction between what he wants to do and what the club wants to do. We need a smiling Paul and an efficient one on the pitch'.
New President Takes Oath of Office in Peru After Kuczynski Resigns
Department spokeswoman Heather Nauert praised Peru for its "constitutional transfer of power". A poll taken in March showed that 81 percent of Peruvians did not recognize his name.
Southgate delighted as dominant England pass Netherlands 'test'
England comfortably retained their slender lead through to the final whistle to secure a first win over their opponents since a 4-1 triumph at Euro 96.
The benchmark S&P/ASX200 Index dove 116.50 points or 2 percent to 5,820.70, while the broader All Ordinaries Index ended down 114.20 points or 1.9 percent at 5,929. Australia's 10-year yield fell five basis points to 2.65%.
"For the moment, we don't see this as a trade war, but a trade skirmish", he said. The U.S. dollar was last 0.4% weaker against the yen at Yen105.67.
The Bloomberg Dollar Spot Index fell 0.2%.
The news hammered tech giants with Facebook plunging 6.8 percent, while other household names were also hit - including Apple, Google-parent Alphabet and Netflix - by regulatory concerns.
The tech selloff was a serious setback to markets just as they recovered from an early-February selloff, Milligan said, noting tech had been "the leading light of USA and Asian equity markets for over a year". Inn addition, the safe-haven yen strengthened to its highest level in more than a year against the USA dollar, dragging shares of exporters' lower. It was recently down 2.2%.
Copper and iron prices both fell, as investors bet demand for the metals would suffer in a trade war.
Daniel Lockyer, a senior fund manager at Hawksmoor Investment Management, is quoted by Reuters as saying that some felt the sell-off in stock markets was long overdue.
Wall Street tumbled on Friday with more than 1,000 points knocked off the Dow in two days as investors, increasingly nervous about a potential USA trade war with China, shied away from risk ahead of the weekend and sought shelter from further losses. Emerging market stocks lost 0.10 percent.
Expectations of further rate hikes sent the dollar to nearly three-week highs on Tuesday, but it eased back a quarter percent against a basket of currencies .DXY on Wednesday, having lost almost half a percent this month.
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