Analytics, News, and Forecasts for CFD Markets: stock news — 11-07-2018.

The main US stock indexes finished trading in the red, with the shares of the industrial sector and the base resources sector at the head of the decline due to Washington's threat to introduce additional tariffs on Chinese goods worth $ 200 billion, which caused fears about the escalating trade war.

A certain influence on the course of trading also provided data on the United States. The US Department of Labor said that the producer price index (PPI) rose 0.3 percent in June, helped by higher gasoline prices. PPI in May grew by 0.5 percent. For the 12 months to June PPI grew by 3.4 percent, which is the highest since November 2011. Producer prices in May rose by 3.1 percent compared to the previous year. Economists predicted that PPI will increase by 0.2 percent per month and by 3.2 percent year-on-year. Last month, the base producer price index, which excludes services in the areas of food, energy and trade, increased by 0.3 percent. The so-called basic PPI in May grew by 0.1 percent. For the 12 months to June, the base PPI increased by 2.7 percent after an increase of 2.6 percent in May.

A separate report showed that the growth rate of wholesale inventories in the US in May was slightly higher than the initial estimate and forecasts, which was due to a significant increase in the stock of machinery and a number of other goods. The Ministry of Trade reported that wholesale stocks increased by 0.6% instead of the 0.5% increase reported in June. Recall, in April, inventories rose by 0.1%. In annual terms, reserves in May increased by 5.9%.

Oil futures have significantly fallen in price, the reasons for which were the pervasive strengthening of the US dollar and the expectation of an increase in supplies from Libya and Iran.

Most of the components of DOW finished trading in the red (24 out of 30). Outsider were shares of Chevron Corporation (CVX, -3.19%). The leader of growth was the shares of The Walt Disney Company (DIS, + 1.90%).

Almost all S & P sectors recorded a decline. The largest decrease was in the base resources sector (-2.6%). Only the utilities sector grew (+ 0.3%).

At closing:

Dow 24,700.45 -219.21 -0.88%

S&P 500 2,774.02 -19.82 -0.71%

Nasdaq 100 7,716.61 -42.59 -0.55%

U.S. stock-index futures rose slightly on Tuesday, as concerns over global trade friction reignited after the U.S. released a list of $200 billion worth of Chinese goods it might hit with tariff increases.

Global Stocks:

Wall Street. Stocks before the bell

(company / ticker / price / change ($/%) / volume)

Analyst coverage initiations before the market open

Twitter (TWTR) initiated with Reduce at Nomura Instinet; target $31
Facebook (FB) initiated with Buy at Nomura Instanet
Google (GOOGL) initiated with Buy at Nomura Instanet
Walt Disney (DIS) initiated with Neutral at Credit Suisse
T&T (T) initiated with Underperform at Credit Suisse
Verizon (VZ) initiated with Outperform at Credit Suisse