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Trump’s Comment that ‘China Broke the Deal Sends Ripples Through Economy

09 May 2019 Maria Gregoriou

After the U.S. President Donald Trump commented on trade talks with China at a campaign rally that "China broke the deal" U.S. stock futures dropped as much as 0.7 percent.

These comments, along with Trump stating that "they can't do that so they will be paying," also caused Asia stocks to fall and the Yan to strengthen by 0.2 percent against the Dollar.

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Market focus

  • German IFO business climate index drops in May
  • Eurozone: Flash PMI signals subdued business growth amid stagnant demand
  • German private sector maintains modest pace of output growth in May - IHS Markit
  • Germany's GDP increased by 0.4% in the first quarter of 2019, as expected

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