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Developments in the Crimea crisis and negative Chinese economic data keep markets under pressure

March 10, 2014

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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