The stock markets in New York were in the red on Wednesday. The trade fear flared up among investors on Wall Street after new threats from President Donald Trump against China. Among the companies, attention was focused on Bank of America, which produced results. The Federal Reserve also comes with its so-called Beige Book.

The Dow-Jones index was 0.2 percent lower on 27.284 points. The broad S&P 500 fell 0.3 percent to 2994 points and the technology level meter Nasdaq lost 0.1 percent to 8213 points.

Trump emphasized that he can impose even more import duties on China if he so wishes. Previously he promised not to do that after reaching a ceasefire in the trade war. Beijing announced that new charges would not benefit current negotiations on a trade deal with the United States.

Bank of America reported a higher quarterly profit and announced a substantial reward for shareholders. Total income also increased slightly, but the net interest income of the financial group was lower than the average analysts had expected. The Bank of America share went up 2.2 percent.

Abbott Laboratories also gave access to the books. The pharmaceutical group saw in the latest quarterly results a reason to boost its prospects for turnover and profit. Abbott was set 3.5 percent higher.

Amazon (minus 0.5 percent) was also in the spotlight. The European Commission officially announced to open an investigation into possible misuse of competitors’ sales data by the online store giant. At the same time, the German cartel watchdog scraps its own investigation into Amazon.

The Beige Book provides insight into the state of the American economy. The umbrella organization of central banks in the US has already announced that it is ready to take additional stimulus measures. Investors therefore assume that an interest rate cut is coming, probably later this month.

The euro was worth $ 1.1224, against $ 1.1229 in Europe. The price of a barrel of American oil fell 1.7 percent to $ 56.67. Brent oil cost 1.2 percent less at $ 63.59 a barrel.

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