Front of mind is a warning Sunday from Larry Kudlow, President Donald Trump's top economic advisor. He said US officials expect China to repay the tariff increase Trump administration imposed on Friday as it increased import taxes of $ 200 billion of Chinese goods to 25% from 1[ads1]0%.
"We'll see what they come up with," Kudlow said about Beijing's expected response.
The uncertainty has already taken shares for a wild trip. On Friday, Dow ended 114 points, or 0.4% higher, but still closed the week down 2.1%. S & P 500 ended 0.4% higher, but was down 2.2% for the week.
2. Increase in oil prices: Concerns about further risk of supply will lead to an increase in oil prices.
The movements coming after Saudi Arabia said that two of their tankers were sabotaged near a key route from the coast of the United Arab Emirates. A report by the state premium agency on Monday said there had been "significant damage to the structure of the two vessels", but did not mention deaths or oil spills.
Saudi Arab Minister of Energy Khalid al-Falih described the attack as an attempt to "undermine the freedom of maritime navigation and the security of oil supplies to consumers worldwide."
Suppression fear has already helped drive prices 33% higher this year during the Trump administration's breakdown of two major producers: Venezuela and Iran.
Monday – Tencent Music ( merit )
Tuesday – Nissan fortune )
Wednesday – Alibaba () Tencent TCEHY ) and Macy's ( earnings; US April retail )
Thursday – Walmart () Baidu (] and ) ] NVIDIA ( earnings; The VivaTech conference starts in Paris )
Friday – US Consumption Vote