Markets nervous amid new US-China tariffs and Trump’s troubles
The ECB’s monetary policy plans could be derailed as trade war fears have impacted PMI figures from the bloc state.
While both the services and manufacturing PMI prints from the eurozone showed expansion in each respective sector, the manufacturing figure fell to 20-month lows of 54.6. Recently Inflation and economic growth have exceeded the ECB’s targets. However, the central bank’s Quantitative Easing tapering strategy could be derailed if feeble data such as today’s PMI prints continue while adding fuel to an already cautious Draghi.
Balraj Sroya quoted in the Guardian