China hammers U.S. goods with tariffs as ‘sparks’ of trade war fly (news: 02/04/18)

Today's press

  • BEIJING (Reuters) – China has increased tariffs by up to 25 percent on 128 U.S. products, from frozen pork and wine to certain fruits and nuts, escalating a dispute between the world’s biggest economies in response to U.S. duties on imports of aluminum and steel.

  • WASHINGTON (Reuters) – U.S. construction spending rose less than expected in February amid a steep decline in investment in public construction projects.

  • Investing.com – A closely-watched gauge of US manufacturing fell in March, according to a business survey released on Monday.

  • Despite having witnessed a so-called "death cross" over the weekend, bitcoin (BTC) is now eyeing gains above the $7,000 mark.

Next trading day's important events

  • 07:30 (GMT+3) AU – RBA Interest Rate Decision


Forex quotes:

  • USDJPY: 106.26
  • EURUSD: 1.2328


Indices:

  • S&P 500: 2610.62
  • NASDAQ: 6951.12

Source: Alpari

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