US stock price futures also point to gains, with Dow seen to rise about 100 points when US markets open Tuesday. Nasdaq is tracking an increase of 0.7%, and S & P 500 can jump 0.5%.
It follows a gloomy Monday when Dow closed 617 points, or 2.4%, lower. S & P 500 closed 2.4% and Nasdaq lost 3.4%.
Stocks were pummeled by China's announcement that it will raise tariffs of about US $ 60 billion US on June 1, opposed to higher charges imposed by Trump's administration last week.
The situation can still worsen further. The Trump administration has begun the process of applying 25% tariffs to the remaining $ 300 billion worth of goods China exports to the United States.
2. Bayer woes: Germany Bayer ( BAYRY ) is poor after a US jury on Monday awarded more than $ 2 billion to a couple who claimed that weedkiller Roundup caused cancer . Bayer bought the product manufacturer, chemical giant Monsanto, last year.
The big fine post emphasizes the massive legal payouts Bayer could blame in the United States, where the company is facing Roundup lawsuits from about 1
3,400 plaintiffs. That the exposure recently triggered a shareholder rebellion against the company's management.
Bayer said in a statement that it was "disappointed by the jury's decision" and would appeal the verdict. Stocks fell 2.7% in early trading Tuesday. They have fallen more than 45% over the past year.
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3. Apple tribe: Investors will continue to watch Apple ( AAPL ) who fell into a bear market during Monday's sale . Stocks fell 5.8%, about 20% below a recent high in October. They are up in the market for the premarket Tuesday.
Apple has significant exposure to China, which is a huge market for its smartphones. The trade war can also hit its supply chain.
In January, the company's announcement that it would miss its sales target was partly due to financial weakness in Chinese stunned investors and sending markets lower.
4. Companies: Vodafone ( VOD ) Europe's largest wireless provider, said it would reduce its dividend by 40% to reduce the company's debt burden.
Meanwhile, Nissan ( NSANF ) reported a decline in profits and poor earnings on Tuesday, highlighting the irregular revenue. way ahead without former boss Carlos Ghosn and weakness in the global car market. The company said it sold 5.5 million cars worldwide last year, down 4.4%. Shares closed just under 3% in Tokyo.
5. Coming this week: Tuesday
– Nissan ( NSANF )
and Vodafone ( ] VOD )
Tencent # 39; s ( M ) earnings;
] BIDU ) ) ) ] ] and NVIDIA ( NVDA ] ) earnings; The VivaTech conference starts in Paris
Friday – US Consumption Vote