European equity markets will probably remain under pressure on developments in the Crimea crisis, and surprisingly negative economic data out of China. Chinese exports plunged 18.1% in February, compared with analysts’ median estimate for a 7.5% increase, as distortions during the Lunar New Year holiday might have disrupted overseas shipments.
Imports rose 10.1% from a year earlier, leaving a trade deficit of $22.99bn, the biggest in two years. China’s consumer price rose 2.0% in February from a year earlier, the smallest gain in 13 months, data from the National Bureau of Statistics showed. At the same time, producer prices fell 2%, the most since July.
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