salvo

Chinese rules on exports of rare-earth minerals—which are integral to the global technology supply chain—have been the latest salvo in an escalating trade conflict between Beijing and Washington.

Stock markets are swinging on each new salvo of trade threats between the U.S. and China, but Federal Reserve Chair Jerome Powell’s comments and bank earnings are a more important sign for the bull market.

The latest salvoes came as trade figures from Beijing on Monday provided some hope for the economy, with shipments to the United States -- the world's largest consumer market -- rising 8.6 percent on-month in September.

The latest salvo features a 10-percent tariff on imports of softwood lumber, while duties on certain upholstered furniture and kitchen cabinets start at 25 percent.

The salvo overnight into Friday included 465 drones and 32 missiles, of which Ukraine shot down 406 drones and 15 missiles, according to its air force.