Energy Markets
US stock futures fall, but yen rises on China deflationary forces and trade war
Wall Street futures fell and the yen, a safe-haven currency, strengthened on Monday morning as deflationary forces in China exacerbated growth concerns from a slowing U.S. economic and a simmering trade war. U.S. S&P500 e-mini futures were 0.7% lower, while Nasdaq Futures fell 0.9%. The yen rose by 0.4%, to 147.395 U.S. dollars. Bitcoin, the cryptocurrency, fell 7.2% on Friday to its lowest level this month of $80 085.42. On Sunday, data showed that China's consumer prices index dropped at its fastest pace in 13 month in February. Meanwhile, producer prices deflation continued for a 30th consecutive month. The first...