By Bluford Putnam, Chief Economist, CME Group
Fallout from the escalating Sino-U.S. trade war is rippling through financial and commodity markets and, if prolonged, could impede growth in both nations.
- Large-cap U.S. stocks more vulnerable to trade war fallout
- Trade war uncertainty, higher rates could be a drag on H2 growth
- Chinese exports are slowing, yuan is weaker amid tit-for-tat tariffs
- Chances of a compromise over tariffs better after mid-term elections