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U.S. Futures are Lower as Trade Tensions Weigh #Huawei #Jobless #Manufacturing

U.S. futures are lower as trade tensions weigh. Additional companies announced that they will suspend future business with Huawei in order to comply with the U.S. ban. The latest companies to comply with the ban include Arm Holdings, Panasonic, Vodafone and others. On the data front, weekly jobless claims rose by 1,000 to 211,000, below expectations of 215,000. Later this morning the market will get a look at new home sales from April. European shares are lower with auto stocks leading the declines. German manufacturing was weaker than expected in May, falling slightly from 44.4 to 44.3. Asian stocks closed lower with Chinese stocks leading the losses. India’s Nifty 50 closed near record highs over election optimism.

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U.S. Futures are Lower as President Trump Considers Additional Chinese Supply Ban #TradeWar #China #FOMC

U.S. futures are lower as President Trump considers adding additional Chinese companies to supply ban. As the trade war marches on, the President is considering adding five more companies to the list that U.S. companies will stop providing products to. In Fed news, later this afternoon the markets will get a look at the minutes from the May FOMC meeting. European shares are lower, giving back earlier gains as trade rhetoric continues. Asian shares closed mostly higher with Chinese stocks lagging the region.

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Global Stocks Rise as Technology Stocks Bounce #Futures #Huawei #HomeSales

Global stocks rise as technology stocks bounce. After news that the Commerce Department will ease restrictions on Huawei from purchasing U.S. goods for 90 days, technology stocks moved higher, reversing some of yesterday’s decline. On the data front, later this morning, markets will get a look at existing home sales from April. European shares are trading higher with technology stocks leading higher. Asian shares closed mixed with China’s Shanghai leading higher.

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U.S. Futures are Lower as Technology Stocks Weigh #Huawei #Brexit #Nifty

U.S. futures are lower as technology stocks weigh. Semiconductor stocks are dragging the technology sector lower after several U.S. companies said they would stop supplying products to Huawei as the U.S. ban kicks in. China has responded that they are in no rush to re-ignite trade talks. European shares are lower with technology stocks leading the declines. On the Brexit front, PM Theresa May plans to present a “new, bold offer” as a final attempt to reach an agreement. Asian markets closed mixed with India and Australia leading higher. In India, news that Prime Minister Narendra Modi was likely to win re-election sent stocks higher. Australian shares surged on news that Australia’s conservative coalition will gain the majority in parliament.

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U.S. Futures are Lower as Trade Talks Stall #TradeTalks #China #Brexit

U.S. futures are lower as trade talks stall. Overnight Chinese officials said that they have no interest in resuming trade talks with the U.S. while the U.S. continues to threaten additional tariffs. News of Chinese officials pulling back sent global stocks lower. Later this morning markets will get a look at a preliminary read on May consumer sentiment. European shares are lower on U.S./China trade news as well as Brexit talks between the U.K.’s Conservative party and Labour party ending without an agreement. Asian shares closed mixed as Chinese shares lagged on trade news.

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