Europe

Wall Street spooked by US-China trade tension

Wall Street experienced its first loss-making session this year, over reports of rising US-China tensions. As the US market retreated from its recent record-highs, Australian shares are headed for a weaker start today. Market snapshot at 8:30am (AEDT): ASX SPI 200 futures -0.3pc at 6,027, ASX 200 (Wednesday's close) -0.6pc at 6,097 AUD: 78.4 US cents, 58.02 British pence, 65.55 Euro cents, 87.26 Japanese yen, $NZ1.09 US: Dow Jones -0.1pc at 25,369, S&P 500 -0.1pc at 2,748, Nasdaq -0.1pc at 7,154 Europe: FTSE +0.2pc at 7,749, DAX -0.8pc at 13,281, Euro Stoxx 50 -0.4pc at 3,608 Commodities: Brent crude +0.3pc at $US69/barrel, spot gold +0.4pc at $US1,318/ounce, iron ore -0.2pc at $US78.16/tonne Gold prices jumped to a four-month high as traders ramped up their purchases of the safe haven asset. In addition, the 10-year US Treasury yield reached as high as 2.59 per cent — its highest level in almost a year. The US dollar weakened against several currencies, with the Australian ..

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