Investors rattled after President Trump said there were no plans
to meet President Xi Jinping before US tariffs on Chinese imports
kick-in next month
We’ve had some positive trade news this morning,
courtesy of Germany.
Exports from Europe’s biggest economy jumped 1.5% in December,
easily beating expectations of a 0.2% increase.
Today’s trade data is a welcome sign of life, confirming our
view that the assessment of the German economy currently needs less
black-and-white thinking and is more nuanced.
Some might consider it whistling in the dark, but we remain
modestly optimistic for the German growth outlook this year. The
labour market is strong and if investment accelerates and there is
some fiscal stimulus, the one-off factors which caused the slowdown
in the second half of 2018 should also gradually reverse.
The subdued mood among investors in the US and Asia has spread
Trump’s comments have dealt a blow to hopes that a US/China
trade deal might be struck before tariff hikes are imposed on 2
Source: FS – All-News2-Economy
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