Markets Tumble on Trade War and Brexit Tension
Published / Last Updated on 22/05/2019
May 2019 Market woes on US/China trade war tension and Brexit chaos.
The European outlook is down Euro zone business growth accelerated a touch in April 2019 but not as much as expected, bogged down by a deepening contraction of trade.
In the United States, China retaliates and suggests the US needs to "correct" its wrong actions if it wants to continue negotiations with China to end a damaging tariff war.
In UK, Theresa May appears to being pushed out of the door as Andrea Leadsom resigns (Leader of the House) – Leadsom cannot support a Withdrawal Bill that is not Brexit.
On top of this we have British Steel in trouble, Jamie Oliver's Italian in liquidation, Arcadia's (Top Shop owner) Philip Green restructuring pensions & closing 23 outlets.
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