MARKET NEWS UPDATE;
China vowed to retaliate after the Trump administration said it will impose a 10 percent tariff on about $200 billion in Chinese goods next week and more than double the rate in 2019
Global markets reacted to the latest escalation with relative calm. Asian stocks jumped, S&P 500 futures edged higher and European shares advanced.
Elsewhere:
– South Korean President Moon Jae-in visits Pyongyang for a summit with Kim Jong Un
– Turkey’s lira weakened
– Oil slipped
– Gold fell 0.3%
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