It was supposed to be a week filled with drama: the tariffs were scheduled to be announced, and the February jobs report was on the radar.
After gaining for three consecutive trading weeks, the US Dollar Index pulled back on Monday and started this week on a weaker note.
Concerns about import tariffs on steel and aluminum dented the sentiment in the industrials sector on Monday.
At 4:25 AM EST today, the FTSE 100 Index was trading at 7,212.00—a drop of 0.07%. EWU fell 0.11% to $35.03 on Monday.
The Shanghai Composite Index fell 0.46% and closed the day at 3,311.28 on March 13. The SPDR S&P China (GXC) rose 0.3% on March 12.
Last week, China released its trade data for February. In dollar terms, China’s exports rose 44.5% YoY (year-over-year), while its imports rose 6.3%.
The expectation for a slowdown in global growth in the near future mainly affected investor sentiment in February.
The UK Manufacturing PMI (Purchasing Managers’ Index) showed a weaker improvement in February 2018, at 55.2 compared to 55.3 in January.
The Japan Manufacturing PMI showed a weaker improvement in February compared to January 2018.
The Eurozone Manufacturing PMI (Purchasing Managers’ Index) has been falling gradually since December 2017 after hitting a record high.