ECB warning of trade tension from US China trade 'frictions'
Bloomberg with latest from ECB:
- German factory orders slide 0.9% in third consecutive fall
- Euro area Sentix investor confidence drops.
The ECB is concerned that a rise in trade protectionism would affect the whole global economy, particularly the US.
Nothing particularly new here, however, I have noticed that different commentators are stressing the various importance of different poor data points we have had out of the eurozone. Taken collectively the bearish outlook for EUR is growing and growing for multiple reasons at the moment.
