Wall Street is closed Monday for Labor Day. This will be the day after the application by Washington of new taxes on products of Chinese imports, with response from Beijing.
The United States introduce taxes on China Sunday, before rest Monday | Photo credits: Hanjin Shipping Co, ldt
But it is only a first installment of just under half of that amount that is concerned, at the rate of 15%, as of this Sunday 1st September. China retaliates the same day with a 5% to 10% tax on 5,078 US products, for a total of 75 billion dollars.
PMI on the program
But reaction, there should not be, as markets have already incorporated these ads. Neither in Paris, therefore, on Monday, when the Bourse will have its doors wide open.
Few prominent appointments to report, by the way, for this first day of the week. It will indeed be content with manufacturing activity indices PMI for the month of August. As definitive data, this nonetheless relativizes the impact of this statistic. The figures are expected to be published in China, Japan, the euro area and the United Kingdom.