Wall St eyes higher open as big bank results roll in; China hits back with tariffs

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The story "Wall St eyes higher open as big bank results roll in; China hits back with tariffs" was covered 3 days ago by The Star, a news publisher based in Malaysia.

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The Star 3d ago

Wall St eyes higher open as big bank results roll in; China hits back with tariffs - The Star

Quick Summary:

Wall Street's main indexes were set to open higher on Friday following earnings from big banks including JPMorgan, while markets also assessed the latest escalation in the trade war with China increasing its tariffs on U.S.imports to 125%.

"A lot of de-risking has happened in the (tech) space and investors don't want to take too much risk of being too underweight those areas," Martin added.

"The market is oversold and has been for a while on many different metrics," said Thomas Martin, senior portfolio manager at Globalt Investments.At 08:47 a.m.