REUTERS: Futures tracking the S&P 500 index were trading flat on Monday following a strong showing in May, as investors turned cautious after protests erupted across the country over race, and simmering tensions between Washington and Beijing heated up.
Further denting sentiment, Beijing said U.S. attempts to harm Chinese interests will be met with firm countermeasures, criticizing a Washington decision to begin ending special treatment for Hong Kong in response to a new security law. Wall Street had rebounded late in Friday's session, with the S&P 500 logging its biggest two-month percentage gain since 2009, after President Donald Trump's measures against China did not include a breakdown of the trade deal like many had feared.
Coty Inc rose 8.3per cent after the cosmetics company appointed Chairman Peter Harf as its new chief executive officer.
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Escalating China tensions could become an obstacle for US stock rallyU.S. President Donald Trump's directive on Friday to begin the process of eliminating special treatment for Hong Kong is likely to put China-U.S. Nope. The more tension, the more money flows to the US safe haven. Wake up !
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Reuters journalists hit by rubber bullets as US police disperse protesters in MinneapolisMINNEAPOLIS (REUTERS) - Two members of a Reuters TV crew were hit by rubber bullets and injured in Minneapolis on Saturday night (May 30) when police moved into an area occupied by about 500 protesters in the southwest of the city shortly after the 8pm curfew.. Read more at straitstimes.com. Stop the violence from the police. People have the right to protest. Stand up!!! American must fight against the ill and unfair treatment from the police and white supremacist. US cops have no sense whatsoever, shot first ask later. Instead of serving to protect the people they’re killing ordinary people for the sake of the rich.
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US stock market rebound put to test again with street unrest ragingNEW YORK (BLOOMBERG) - An equity market bounce that has weathered a pandemic, shut-down economies and tens of millions of lost jobs now must navigate spiraling civic unrest with the potential to exacerbate all of it.. Read more at straitstimes.com. Buy it
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Key focus of US presidential election lies in Trump's dealings with ChinaWASHINGTON - Just as unfair trade and illegal immigration from Mexico were key rallying cries in 2016 for then presidential candidate Donald Trump, who tapped into longstanding grievances, China is the new spectre in the 2020 presidential campaign.. Read more at straitstimes.com.
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China media bristles at US moves on Hong Kong over national security pushHONG KONG (REUTERS) - China's state media lashed out on Sunday (May 31) at possible retaliatory moves by the United States to impose sanctions and end Hong Kong's special status if Beijing imposes new national security laws, as the city braces for fresh protests.. Read more at straitstimes.com. It won't sway the HK people towards mainland China wtf. Lmao. The HK people themselves have been advocating US intervention.
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US-China tensions over Hong Kong a risk to global economy, says Japanese ministerTOKYO (BLOOMBERG) - Japanese Economy Minister Yasutoshi Nishimura said friction between the US and China over Hong Kong poses a risk to the global economy if the city ceases to be an international financial hub.. Read more at straitstimes.com. Given Japanese strategic location, diplomacy is essential.
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