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 up on expectations of there being a trade deal between China and America, which up until early May was the case," said Oliver Pursche, chief market strategist at broker-dealer Bruderman Brothers. "The problem has been the trade winds change ever…
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