US equity markets retreated and closed near their session lows as the afterglow from the China-US trade negotiations quickly faded, with President Trump saying he was "not satisfied" with the trade talks and saying they "have a long way to go" albeit he kept the door open for further negotiations. President Trump also said there was no deal to save Chinese telecom company ZTE Corp, but added he is reconsidering penalties on it since President Xi asked him “to look into that.” - Dow down -179-points or -0.72%, with Boeing Co (down -2.5%), Caterpillar Inc -1.7% and 3M Co -1.4% among the biggest index decliners. The broader S&P500 -0.31%, with The technology centric NASDAQ lost -0.21%. The small capitalisation Russell 2000 Index fell -0.7% after posting four consecutive record closing highs in-a-row. Separately, President Trump indicated that his planned 12 June summit with North Korea’s Kim Jong Un could be delayed also the Federal Reserve releases the minutes of its May monetary policy meeting tonight AEST along with the Markit flash manufacturing purchasing manager's indices (PMI) and April new home sales data
