"This is not going to happen tomorrow, and given the mercurial nature of the U.S. administration, the whole issue could well disappear before anything really happens," said Marshall Gittler, chief strategist at ACLS Global. "Many market participants may be starting to think that this is just a lot of sound and fury, signifying nothing in the end. But..you never know, U.S. trade policy is in the hands of someone totally unpredictable. "HOPES FOR EARNINGSThe next major hurdle will be a speech by Chinese President Xi at the Boao Forum on Tuesday.The war of words took a toll on Wall Street on Friday. Yields on U.S. 10-year Treasury debt dropped back to 2.786 percent, from a top of 2.8380 on Thursday.In currency markets, the dollar steadied on the safe haven yen at 107.00, just short of the recent six-week peak of 107.49.

Source: The Star April 09, 2018 00:33 UTC