Here’s why investors are so freaked out about trade tensions: JPMorgan’s Dimon

Expecting a stiff upper lip from Wall Street as we worm our way toward high-profile U.S.-China trade talks is a formidable task.

“If you just raised the odds of a real global trade war a little bit, that was a rational reaction,” Dimon told Bloomberg in an interview Wednesday at the bank’s annual China summit in Beijing. “The market will fluctuate, economies will fluctuate. People will always get scared and overreact.” He also touched on U.S. Treasury bonds, which have been gauging how rattled investors have become lately.

The market Dow US:YMH9 S&P 500 US:ESH9 and Nasdaq US:NQH9 futures have slid into the red. Tuesday’s session saw losses of between 1.7% and 2% for the Nasdaq COMP, -1.96% Dow DJIA, -1.79% and S&P 500 SPX, -1.65%The dollar DXY, -0.02% is softer, but not against the New Zealand dollar NZDUSD, -0.0758% after that country’s central bank cut its key lending rate for the first time since 2016. Gold US:GCU8 is up, crude US:CLU8 is lower.

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asia Pacific stocks set to slip amid renewed US-China trade tensionsStocks in Asia were poised to slip at the open on Tuesday amid renewed trade tensions between the U.S. and China. You call tension a 150percent increase on what import taxes used to be. Euphemistic! Excuses excuses, Xi has already blinked. What are you guys prepping to cover up/make excuses for?
Source: CNBC - 🏆 12. / 72 Read more »

U.S. Stocks’ Losses Ease Despite Intensified China Trade TensionsU.S. stocks erased most of their losses, easing from session lows after heightened anxiety over the U.S.-China trade spat pressured major stock indexes. Thank you for your service RampCapitalLLC. NO DEAL unless with China unless US can get a good free trade deal --- for both sides. 250 points is still slightly?
Source: WSJ - 🏆 98. / 63 Read more »

U.S.-China tension will outlast Twitter trade spatGlobal markets fell after Donald Trump tweeted that he’d increase tariffs on Chinese goods. Even if trade talks get back on track, other U.S. moves will damage relations. They include curbs on investment from, and tech sales to, the PRC as well as an enforcement push.
Source: Breakingviews - 🏆 470. / 51 Read more »