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NewsWare's Trade Talk: Monday. December 2
Manage episode 453221499 series 3349023
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S&P Futures are displaying weakness this morning with economic and tariff talk in focus. PMI reports & employment data will higher this weeks economic calendar. Trump issues a 100% tariff threat for countries which attempt to replace the dollar as their reserve currency. CEO to automobile manufacturer Stellantis resigns. Cyber Monday kicks off today, retailers indicate positive sales data for their Black Friday sales events. Semiconductor stocks are weak as the Biden administration is said to be preparing additional curbs on sales of tech to China. In Europe, stocks have reversed course and are now trading higher. Oil prices are trading lower, OPEC pushes back its scheduled meeting by 48 hours.
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