US futures are set to weak open because global business tensions are rising

US futures are set to weak open because global business tensions are rising

US stock index futures were under pressure ahead of Friday’s opening as investors remained cautious as the NAFTA deadline approached.

At about 6:00 am, the Dow Jones futures contract fell 46 points, indicating a pessimistic opening of -32.92 points, indicating that the S & P 500 and NASDAQ futures are pointing to a steady start to the negative day for their respective sessions . Markets in Asia and Europe recorded strong losses during the day.

Friday marks the deadline for a new trade deal to be secured by the United States, Mexico and Canada. While agreement has been reached between Mexico and States to replace the current NAFTA Convention, Canada has not yet settled.

The United States and Canada worked on Thursday night to push for an alternative to the North American Free Trade Agreement, but the Canadian trade minister said they were still working to “come up with the right deal, not any deal” on the renewed trade deal. Reuters. As the deadline approaches quickly, investors will closely watch developments.

The trade turmoil continues to shake investors around the world following the Bloomberg report, quoting sources suggesting that the US administration was ready to commit $ 200 billion in additional taxes on Chinese goods as early as next week. In an interview with Bloomberg, the US president warned that he could remove the country from the World Trade Organization (WTO) if the World Trade Organization was not formed.