US stocks set to fall as Google block on Huawei adds to trade tensions – business live


Chinese phonemaker shut out from Android software after Trump ban

US stock market futures suggest that trade tensions are going to take their toll again.

Nasdaq futures prices suggest the tech-heavy index will fall by 1.1%. Futures for the Dow Jones industrial average are down by 0.4%, and by 0.5% for the S&P 500.

The recent escalation in the US-China trade dispute threatens to worsen the outlook for world trade at a time when trade volumes exhibit negative growth as well as dampening hopes of a recovery in the global economy. This is unsettling equity markets and increasing the risk of a stiff correction.

BP is not happy with the Greenpeace protestors blockading their offices. The activists earlier abseiled down from the top of the building and put letters reading “climate emergency” over the office windows.

We welcome discussion, debate, even peaceful protest on the important matter of how we must all work together to address the climate challenge.

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