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US Stock Futures Fall as New Tariffs Darken Global Outlook

Reuters

   TOKYO - Wall Street stock futures weakened in early trade on Monday,
   setting a dour tone for Asian markets after tit-for-tat tariffs between
   the United States and China took effect, reinforcing investors' gloomy
   expectations for global growth prospects.

   The E-mini futures for U.S. S&P500 ESc1 fell as much as 1.06% in early
   trade and last stood down 0.68% at 2,905 while Chicago-traded Nikkei
   futures NIYcm1 suggest Japan's Nikkei .N225 is on course to fall 0.7%.

   MSCI's broadest index of Asia-Pacific shares outside Japan
   .MIAPJ0000PUS, which lost 4.7% last month, is likely to stay under
   pressure.

   The United States slapped 15% tariffs on a variety of Chinese goods on
   Sunday - including footwear, smart watches and flat-panel televisions -
   while China imposed new duties on U.S. crude, the latest escalation in
   a bruising trade war.
   

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