Stocks Retreat as China Dials-up Trade Rhetoric; Dollar Gains on Growth Concerns
State-run media use print, television and social media to excoriate U.S. moves on trade, as well as its blacklisting of Huawei, suggesting the two sides are moving further away from a potential deal. Bank of Japan Governor vows to keep rates near zero until the Spring of next year, underscoring the trade war threat to growth and its impact on currency markets and the U.S. dollar. Wall Street futures suggest a weaker start to the trading day, following last night's rally that lifted benchmarks into positive territory for the week, ahead of earnings from Deere & Co. and consumer sentiment data at 10:00 am Eastern time.