JPMorgan Says Markets Have Yet to See Full Impact of Trade War

JPMorgan Says Markets Have Yet to See Full Impact of Trade War    Bloomberg A long-simmering U.S.-China trade war that hammered stocks from both nations last month may inflict still more pain on markets. While the Shanghai Composite Index tumbled 8.2%, the worst month since October, and the S&P 500 Index dropped 6.6%, the price swings don't account for weakening economic data, according to John Normand, head of cross-asset fundamental strategy at JPMorgan Chase & Co. in London. Manufacturing figures from May show weakness across Asia and Europe, underscoring the......(read more)

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