The story this week is pretty much the same as ever: more concerns about US-China trade, a market whipsawed by Trump’s tweets, and concerns about the strength of the global economy amidst signs that the trade dispute (plus Brexit, probably) is beginning to spill over into the real economy.
The trade war seems to be having an effect on China – industrial production grew at the slowest yoy pace since 1990 (if we ignore Januarys and Februarys, when the data can be distorted by the Lunar New Year).
The more worrisome aspect for the markets though was that it seems…
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