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World stocks fell on Monday after reports that Apple cut iPhone production orders, and US-China trade tensions weighed on sentiment. APEC failed to issue a joint communique for the first time, and the US Vice President said tariffs on $250 billion of Chinese goods would remain.
The Dow fell 1.56% and the S&P 500 fell 1.66%.
Rising trade tensions and weaker equities raise risk-off demand for the dollar and weigh on growth-linked commodities. Escalation could slow Chinese demand for US farm products.
business-standard.comReutersNov 19, 2018After 2,356 past bullish macro events, DXY moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
