US stock futures, dollar dip on tariff threat
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US equity-index futures dipped along with the dollar after President Donald Trump said he will set unilateral tariff rates within two weeks, dialing up trade tensions once again. Oil jumped on tensions in the Middle East. Contracts for the S&P 500 and the Nasdaq 100 fell 0.2% after Trump said he will send letters to countries setting tariff rates within the next two weeks. The dollar weakened against all of its Group-of-10 peers with the yen among the biggest gainers. Gold rose as much as 0.6% on demand for safe havens. Asian shares were mixed at the open. Oil extended its biggest daily gain since October after the US ordered some staff to depart its Baghdad embassy and allowed military service members’ families to leave the Middle East amid rising security risks. West Texas Intermediate rose as much as 1.7% to $69.29 after jumping 4.9% Wednesday. While it’s unclear if Trump will follow through with his pledge - the president has ofte...