Fears surrounding a potential trade war between the U.S. and other major economies continue to plague market sentiment around the world.

The Trump administration is reportedly looking into drafting a bill that would allow the White House to unilaterally increase trade tariffs without congressional consent, according to an Axios report published Sunday. If legislation moves ahead, it could mean that the U.S. would be acting outside of the World Trade Organization’s policies and rules.

Elsewhere, a report by the Financial Times suggested that the U.S. could receive a new round of tariffs worth as much as $300 billion, if Washington moves ahead with levies on automakers in the European Union.

Monday also marked the first trading day of the second half of the year. Equities posted mixed performances in the first half, with Nasdaq composite and S&P 500 rising 8.8 percent and 1.7 percent, respectively, while the Dow declined 1.8 percent. The small-caps Russell 2000, meanwhile, rose 7 percent to start off 2018.

Oil prices slipped into negative territory, on the back of an increase in supply from Russia and Saudi Arabia.

On Saturday, President Donald Trump tweeted that he’d asked King Salman of Saudi Arabia for the country to pump more oil “maybe up to 2,000,000 barrels, to make up the difference” and that he had agreed. The White House, however, have since walked back on the president’s comments.

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  1. Asian Stock Market News: Asian markets turned negative in afternoon trade on Tuesday, with Hong Kong’s Hang Seng Index down more than 2.5% after the market reopened from a long holiday weekend as yuan extended decline.  – Stock Market News Today
  2. Stock markets showed signs of stabilizing on Tuesday, with European shares and U.S. futures rising following a mixed session in Asia that was dominated by the further declines in the yuan. The euro nudged higher as Germany’s coalition government dodged
  3. Stock markets showed signs of stabilizing on Tuesday, with European shares and U.S. futures rising following a mixed session in Asia that was dominated by the further declines in the yuan. The euro nudged higher as Germany’s coalition government dodged
  4. Asia-Pacific equities were broadly down on Thursday as investors looked towards the looming implementation of tariffs. – Stock Market News Today
  5. Donald Trump’s administration on Friday imposed new tariffs on $34bn of imports from China as the US president threatened to extend levies to all $500bn of Chinese goods, the biggest shot so far in the trade war between the world’s two largest economi
  6. Donald Trump’s administration on Friday imposed new tariffs on $34bn of imports from China as the US president threatened to extend levies to all $500bn of Chinese goods, the biggest shot so far in the trade war between the world’s two largest economi
  7. The U.S. economy grew at its fastest pace in nearly four years in the second quarter as consumers boosted spending and farmers rushed shipments of soybeans to China to beat retaliatory trade tariffs before they took effect in early July. – Stock Mar
  8. The U.S. economy grew at its fastest pace in nearly four years in the second quarter as consumers boosted spending and farmers rushed shipments of soybeans to China to beat retaliatory trade tariffs before they took effect in early July. – Stock Mar
  9. The U.S. economy grew at its fastest pace in nearly four years in the second quarter as consumers boosted spending and farmers rushed shipments of soybeans to China to beat retaliatory trade tariffs before they took effect in early July. – Stock Mar
  10. The U.S. economy grew at its fastest pace in nearly four years in the second quarter as consumers boosted spending and farmers rushed shipments of soybeans to China to beat retaliatory trade tariffs before they took effect in early July. – Stock Mar
  11. The U.S. economy grew at its fastest pace in nearly four years in the second quarter as consumers boosted spending and farmers rushed shipments of soybeans to China to beat retaliatory trade tariffs before they took effect in early July. – Stock Mar

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