Rolling coverage of new growth figures from across Europe, and other events in the financial markets
- Introduction: Eurozone GDP day
- Latest: French growth holds steady
- Export growth fizzled out
- Wall Street hit record high last night
Given today’s data, French and Chinese manufacturers will both be hoping for a trade war breakthrough soon.
US officials have landed in Beijing today for fresh talks to end the dispute that has led to tariffs on hundreds of billions of dollars of exports.
“We’re looking forward to productive discussions over the next few days.”
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Overnight, some disappointing Chinese manufacturing data has undermined hopes that the global economy was picking up.
According to April PMIs, China’s rebound was short-lived (manuf in white, non-manuf in blue). Detail shows deterioration in virtually all components (manuf export orders is a notable exception). pic.twitter.com/pX69cbjhvM