Trump
may also take the trade war to an unprecedented level if he goes ahead by
imposing tariffs on $200 billion worth of Chinese good. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
This may come as soon as the public-comment period ends on Thursday. Beijing
said it would retaliate with tariffs on $60 billion worth of US goods. If those
actions go forward, almost 85% of U.S. goods heading to China would be subject
to tariffs. Meanwhile, half of the $505 billion of Chinese imports would be
impacted.
China’s
Shanghai Composite and CSI300 fell by more than 1% on Monday, and although
valuations started looking relatively cheap, investors may continue to sell
China’s equities given the uncertainty surrounding the next stage of the trade
war and its impact on economic growth. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
This may be a good opportunity for investors looking for long-term value
investing. Markets should also expect to see a pullback in U.S. stocks when
trading resumes on Tuesday as appetite to risk diminishes.
Data
on Monday showed China’s manufacturing sector grew at the slowest pace in 14-months
in August. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
The Caixin/Markit Manufacturing PMI fell to 50.6 last month dragged down by
export orders which shrank for a fifth consecutive month. With the PMI index
moving closer to contraction; it will be interesting to see what steps policy
makers will take to boost growth.
In
Europe, investors will also be looking for evidence as to whether trade
tensions will drag down the final PMI readings after the slight pickup seen
last month in Germany and France.
However, it’s U.K. manufacturing PMI that will attract most investor’s
attention as the Sterling fell back below 1.3 against the U.S. dollar.
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