U.S. equities are underwater
U.S. equities are underwater as sources of uncertainty accumulate. The Dow is down 0.4%, the S&P 500 has slipped 0.4% and the NASDAQ is also 0.4% weaker in pre-market trading. The U.S.-China trade war remains the most prominent source of concern, with no end in sight to the conflict as the September 1 deadline for a fresh round of U.S. tariffs on Chinese goods looms. In Europe, fears of a no deal Brexit remains elevated. Hong Kong's protests grow in intensity. The Argentinian peso crashed after the defeat of pro-business President Macri in the presidential primaries. To top it all off, the U.S. yield curve is at its flattest since the financial crisis and is quickly approaching inversion, adding to recession fears. European stocks are weaker, with the Euro Stoxx 50 0.8% in the red, the German Dax falling 1.1% and France's CAC 40 off 0.7%. The U.K.'s FTSE 100 is down 0.8%. In Asia, the Hang Seng plummeted 2.1% amid relentless political turmoil, China's CSI 300 lost 0.9% and Japan's Nikkei declined 1.1%. The earnings calendar has Advance Auto Parts, and JD.com.