StockMarketNews.Today – Greece stocks were lower after the close on Monday, as losses in the Construction, Telecoms and Travel sectors led shares lower.
“Trade and tariff tensions continued to weigh on global equities as well as emerging market currencies,” John Stoltzfus, the chief investment strategist at Oppenheimer & Co., wrote in a note to clients Monday. “This is likely to persist particularly as the July 6 deadline looms for the Trump Administration’s planned imposition of tariffs.”
NEW YORK (StockMarketNews.Today) – U.S. stock index futures slumped on Monday, the first trading day of the third quarter.
SHANGHAI (StockMarketNews.Today) – Chinese stocks on Monday handed back their gains from a bounce late last week as worries mount ahead of a U.S. move to impose $34 billion of tariffs on Chinese exports.
ZURICH (Reuters) – The chairman of Swiss drugmaker Novartis (NOVN.S) expects Alcon to be valued at between $20 billion and $30 billion when the opthalmic devices unit is spun off to shareholders next year, he said in an interview with Finanz und Wirtschaft.
Stock Market News Today – Bloomberg
China’s commerce ministry announced that the country had agreed to lower or cancel existing tariffs, or border taxes, on thousands of goods from India, South Korea, Sri Lanka, Bangladesh, and Laos starting July 1.
President Donald Trump early Saturday said that Saudi Arabia has agreed to raise output by as much as 2 million barrels a day.
As of Friday, both the Dow and the S&P have been in correction territory for 99 trading days. This stands as the longest such stretch since the financial crisis in 2008, when 108 days passed before the two exited corrections.