Markets are set for a shaky session amid a looming US-China tariff deadline and a multi-billion-dollar lawsuit against the US Government by Amazon Web Services.
The Australian share market may be in for a slight fall at the start of trade, after European markets were weaker overnight and Wall Street lost ground late in the US session.AUD: 68.29 US cents, 51.94 British pence, 61.72 Euro cents, 74.16 Japanese yen, $NZ1.04Europe: FTSE 100 -0.1pc at 7,233, DAX -0.5pc at 13,105, CAC -0.6pc at 5,837, Euro Stoxx 50 -0.3pc at 3,325The major US indices gave up early gains as the deadline for the US to impose its planned tariffs on Chinese imports looms.
"The decision whether or not to raise tariffs on December 15 rests with President Trump and he has continued his constructive ambiguity on the issue which is keeping markets guessing," said NAB economist Tapas Strickland.Details of Amazon's lawsuit over the loss of a Pentagon contract to rival Microsoft were revealed, with the tech giant blaming Donald Trump.
Amazon said there were"egregious errors" in the process, which were the result of"repeated public and behind-the-scenes attacks" by Mr Trump.What to watch: central banks, UK election
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