U.S. Equity Futures fell while European stocks climbed and Asian shares were mixed after the latest China-tariff hikes kicked in. The US Dollar rose alongside gold. Contracts on the three main U.S. Indexes slipped on Monday, a day after President Donald Trump’s duties on $110 billion in Chinese imports came into effect alongside China’s countermeasures. Stocks in Shanghai rose, however, as authorities vowed to support liquidity and growth. Elsewhere in the region, equities in Japan, Hong Kong and Australia declined in thin volumes. The Stoxx Europe 600 advanced for a third straight session, led by financial services, although the index came off its session high. Treasury Futures edged lower while a Dollar gauge increased for the sixth consecutive day. In the U.K., the pound extended losses and gilts rose a day before Parliament re-convenes in a potential showdown over a possible no-deal Brexit. Elsewhere, America’s southeastern coast is braced for Hurricane Dorian, tied as the most powerful storm to hit land anywhere in the Atlantic, after it inflicted colossal damage to the Bahamas.
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