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Dow futures fall 200 points after Trump announces tariffs on Mexican imports


Friday, 31 May 2019 16:01 WIB

Indeks saham berjangka A.S.


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U.S. stock index futures were sharply lower Friday morning, as investors feared President Donald Trump’s threat of tariffs on all Mexico imports exacerbated the risk of recession.

At around 03:00 a.m. ET, Dow futures slipped 219 points, indicating a negative open of roughly 200 points. Futures on the S&P and Nasdaq were both seen slightly lower.

Market participants moved aggressively to price in deeper rate cuts by the Federal Reserve over the coming months, while the closely-watched 10-year Treasury yield dropped to lows not seen since 2017.

The U.S. benchmark was yielding 2.1783% Friday morning. It stood above 2.5% at the beginning of the month.

On Thursday evening, Trump announced the U.S. would impose a 5% tariff on all Mexican imports from June 10 until illegal immigration across the southern border was stopped.

Source: CNBC


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