Markets Brace for Triple-Whammy as China Piles on the Pain
Europe’s stock markets are reeling from a double-whammy after early trading, hoping it doesn’t become a triple-whammy later in the day when the monthly U.S. employment report is published.
A shocking 20% year-on-year decline in Chinese exports in January, announced during the Asian session, has accentuated fears for the global economy, only hours after the European Central Bank revealed the limitations of its ability to support growthwhen forces such as populism and protectionism are holding it back.
Markets Brace for Triple-Whammy as China Piles on the Pain
Europe’s stock markets are reeling from a double-whammy after early trading, hoping it doesn’t become a triple-whammy later in the day when the monthly U.S. employment report is published.
A shocking 20% year-on-year decline in Chinese exports in January, announced during the Asian session, has accentuated fears for the global economy, only hours after the European Central Bank revealed the limitations of its ability to support growthwhen forces such as populism and protectionism are holding it back.
Wall of worry for bulls which means no exuberance is likely to happen in stock market and this might lead to up move lasting than longer than anyone expecting right now.