Trade War

China’s services sector activity shrank at a record pace in February, official data showed on Saturday. The official non-manufacturing PMI fell to 29.6, from 54.1 in January, the National Bureau of Statistics said. The 50-point mark separates growth from contraction on a monthly basis. Analysts were looking for a reading…

(Reuters) - Cratering markets are pushing global central banks to the point they all warned against and worried about, of an evolving global economic shock hitting at a time when their capacity to respond in force is in doubt even as investors hound them for action. FILE PHOTO: The Federal…

Germany is in danger of being hit by a major economic crisis at the worst possible political moment. The supply shock caused by closed towns and factories in China, and gradually elsewhere, will hit the export-oriented industrial machine. And a divided and disoriented government seems incapable of taking the decisions…

Is Phil Hogan the person for the job?IF THE TRUMP administration’s America is the bully of the global trading system, the European Union is the finger-wagging school prefect. Instead of threatening tariffs, its leaders have called for countries to play fairly. As a trade war has raged between America and…

Land of the frugalNO WONDER advertisements implore Americans to spend, spend, spend. These days they are positively Swabian, saving a much bigger share of their post-tax incomes than they have done for most of the past three decades (see chart). This is more than just an economic curiosity. Many households’…

Is Phil Hogan the person for the job?IF THE TRUMP administration’s America is the bully of the global trading system, the European Union is the finger-wagging school prefect. Instead of threatening tariffs, its leaders have called for countries to play fairly. As a trade war has raged between America and…

Before coronavirus and impeachment, the Sino-American trade war stubbornly remained on the mainstream news circuit while largely governing the direction of financial markets. With each rumor of concession or tweet of condemnation, stocks gyrated and bonds jittered. Each round of negotiation was matched by salvos of tariffs, export controls, lawsuits,…

A global outbreak of the new strain of coronavirus (COVID-19) has put a stick in the spokes of many supply chains that rely on China’s manufacturing. However, some companies may be in a slightly better position than they otherwise might have due to the China-US trade war, a major market narrative…

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As Apple itself implied was the case in an investor note last week, iPhone sales are taking a hit in China due to the ongoing coronavirus situation. In a new investor note today, UBS analysts estimate that iPhone sales fell 28% during January. As reported by Bloomberg, the UBS analysts…