Wall Street on the decline, US-China tensions weigh

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Wall Street is preparing to open trade in negative territory, with futures moving lower. About two hours from the start the contract on the Dow Jones slips by 0.58%, while that on the S & P500 drops 0.67% and the future on the Nasdaq marks a -1.47%. Yesterday’s enthusiasm for an anti-Covid vaccine has shrunk due to the high US-China tensions. Last night, the US Secretary of State, Mike Pompeo, said he expected a decision against Chinese technology companies shortly. Besides, she went out tonight

an indiscretion that the Trump administration is considering banning Chinese officials from entering the country.

the session will be enlivened by some macro indications, among which the retail sales in June stand out, which should report an increase of 5.5% after the jump of more than 17% recorded in May. Unemployment benefits are also out, as well as the Philadelphia Fed index and the Nahb index on builder confidence. On a corporate level, the quarterly overseas season continues with the accounts of Bofa, Morgan Stanley and Netflix.

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