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11/18/2019, 3:30 PM (Source: TeleTrader)
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US markets open lower amid trade deal pessimism

Wall Street opened slightly lower on Monday after a report said that Beijing is pessimistic regarding the agreement on phasing out tariffs. Last week United States President Donald Trump showed his reluctance to pull of tariffs on Chinese goods before the agreement is sealed.

On the other hand, last week the General Administration of Customs of China announced that the limits Beijing had previously imposed on poultry import from the United States have been eliminated.

The Dow Jones Industrial Average index stood flat with the biggest loser being The Walt Disney Company that fell 1.09%. The Nasdaq 100 dipped by 0.21% and Western Digital Corporation lost 2.57%. The S&P 500 dropped 0.13% with CenterPoint Energy Inc. loosing 0.04%.

The euro was flat against the dollar trading for 0.90417 while the pound rose 0.45% to 1.29624 at 9:37 am ET.

Breaking the News / TF