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ECB: Tariff war could derail global recovery

In its latest economic bulletin article, the European Central Bank (ECB) underscored the concerns over a tariff war on the global trade recovery going forward.

Key Highlights via Reuters:

Retaliation and a full-fledged trade war could increase import prices, raise production costs and eat into households’ purchasing power, negatively impacting consumption, investment and employment, 

“In response to higher uncertainty, financial investors could also reduce their exposure to equities, reduce credit supply and require a higher compensation for risk.”

“Heightened uncertainty could spill over more broadly, adding to volatility in global financial markets.”

 

EUR/USD: Recovery mode intact near 1.1935 post-Eurozone Sentix

The EUR/USD pair makes a tepid recovery attempt from 1.1922 lows, as markets appear to have ignored the Eurozone Sentix Investor Confidence numbers, w
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Us unilateralism, protectionism could lead to escalation of global trade frictions

Livesquawk reports the latest headlines from the Ministry of Commerce of the People's Republic of China (MOFCOM) on the foreign trade. Key Points: C
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