XE Market Analysis: China Strikes Back with Trade Tariffs

OVERVIEW

  • A cautious tone came down upon the financial markets today as China responded to the US with trade tariffs on US goods.
  • The construction sector in the UK literally froze in March as the beast from the East put this sector into contractionary territory in March.
  • Inflation in Europe ticked higher, while the unemployment rate dropped.
  • US service sector activity slows albeit from buoyant levels.

HIGHLIGHT