Morning Call: Renewed weakness in Asia sends equities lower
Soft Chinese retail sales and industrial production data saw Asian markets lower overnight, with the Nikkei down 2%, USDCNY at 6.90, and the S&P 500 futures toying with the key 2,635 area.
Head of Commodity Strategy
Summary: President Trump's trade war against China has left industrial metals reeling, while oil prices have risen sharply following the imposition of new sanctions on Iran. Uncertainties abound, not least of which is the full impact of the Iran sanctions and the size of the resulting production cut, which will determine what oil costs by year-end.