WALL STREET INSIGHT ·
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Market losses may pile up with release of key data

US jobs report and China's industrial surveys this week may show negative impact of trade war

US stocks slid last week, tumbling towards correction territory amid fears that US President Donald Trump was ready to fight trade wars to the economic death.

This week could see the losses mount if the negative impact of tariffs show up in US employment data or Chinese industrial surveys.

The month of May opened with a Twitter bombshell dropped by Mr Trump, as he dismissed the possibility of a Chinese trade deal, triggering the first major 2019 correction for US stocks indexes after a four-month march higher.

The month ended with Mr Trump dropping another trade bombshell, this time on Mexico. The Dow Jones Industrial Average finished the month with a loss of almost 7 per cent.

"The market had been...

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