S&P 500 futures fall to the lowest point in the day
Some jitters in the market ahead of the reported retaliatory measures by China that is set to be announced during a briefing later at 0830 GMT.
However, as has been the case recently it hasn't yet/doesn't translate to the FX market. The yen continues to sit in a tight range against the major bloc, while commodity currencies - the kiwi in particular - continues to stay on top.
Either currency traders are way ahead of equity traders, or lagging way behind, or they just can't exactly quantify the magnitude of the complexity of a trade war. Or there's the alternate theory that they just don't care all too much.
