Danger here: Financial markets quake as trading screens flash dreaded R-word

Irish Times | Aug 16, 2019 at 4:30 AM
  • Stock markets globally were glad earlier this week to see that Donald Trump wasn’t prepared to cancel Christmas.
  • Still, by far the biggest – and most pervasive – risk facing markets is the souring relationship between Washington and Beijing and its impact on global trade.
  • On Wednesday, China reported that its industrial output slowed to 4.8 per cent in July – the weakest reading in 17 years – from 6.3 per cent a month earlier and against economists’ expectations for a 5.8 per cent increase.