Ripples Advisory|Stock Market Today|11th July 2018
As Trump Pushes Ahead Plans Of Imposing $200 Billion Tax On China, Markets May Fall
As Trump Pushes Ahead Plans Of Imposing $200 Billion Tax On China, Markets May Fall. The Trump administration pushed ahead with plans to impose tariffs on an additional $200 billion in Chinese goods by releasing a list of targeted products, escalating a trade war that may soon directly hit American consumers. The move sent markets skidding in Asia as Chinese stocks tumbled. FII and PRO yesterday have bought 57194 contracts and in the current expiry, they have bought 215853 contracts in Index option.
Among the sectoral performance Fertilisers, Chemicals and Textiles and Apparel was the top performing sector which rose by 2.67%, 1.95% and 1.49% respectively. In fertilizers, Bharat Rasayan and Excel Crop Care were up by 7.49% and 7.23% respectively. Bhageria Industries and Thirumalai Chemicals gained 11.26% and 10.04% respectively under the chemical sector.
The US 10 Year T-Note is trading at 120.25. The Bond has broken its important low of 120.03 on 28th Feb 2018. The next support level is at 117.69 which is the low of Jan 2011. The US Dollar Index is trading at 93.98.
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