Stock Market Today: June 18, 2018
William G. Ferguson | 06/18/2018
With less than an hour to go before the commencement of trading stateside, the equity futures are presaging a lower opening for the U.S. stock market. Overnight, the main indexes finished lower on last week’s tariff announcement from the Trump Administration and retaliatory measures from China’s government. Beijing said it would retaliate immediately by slapping tariffs on American export products, including crude oil, and suspend all previous trade agreements with Trump's administration. Fears that the quarrel between the world's two largest economies could intensify and threaten the health of the global economy is weighing on the major European bourses and is adding to the recent pressure on global oil prices.