Investing.com ?|?Oct 08, 2019 07:10AM ET
Investing.com - U.S. futures tumbled on Tuesday, as the prospects of any sort of detente between the U.S. and China this week faded, and the EU and U.K. lurched further toward a disorderly 'Hard Brexit'.
China suspended broadcasts of NBA games in the country after Commissioner Adam Silver defended Houston Rockets General Manager Dave Morey tweeting his support for pro-democracy protests in Hong Kong.
The move came hours after the U.S. blacklisted 28 Chinese entities, including surveillance camera maker Hikvision, for their role in China’s alleged repression of Muslim minorities.
Meanwhile, the chance of avoiding a Hard Brexit also fell after German Chancellor Angela Merkel told U.K. Prime Minister Boris Johnson that his proposals to avoid border infrastructure on the island of Ireland were unworkable.
Boeing (NYSE:BA) declined 2.1% after the Wall Street Journal reported that the return of the 737 MAX could be delayed by the European Aviation Safety Agency’s refusal to accept FAA assurances that the planes are safe.
The ADRs of Nokia (NYSE:NOK) and Ericsson (NASDAQ:ERIC) ticked up in premarket trade after the Financial Times reported that the U.S. is looking for ways to funnel money to Huawei’s European rivals, including offering credit to the two telecommunication companies.
In commodities, crude oil futures slumped 1.2% to $52.12 a barrel. Gold futures were up 0.5% to $1,510.75 a troy ounce, while the U.S. dollar index, which measures the greenback against a basket of six major currencies, inched down 0.1% to 98.588.
Written By: Investing.com
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