Rolling coverage of the latest economic and financial news
Weak economic data from China is also worrying investors this morning.
Chinese factory output growth slowed to 4.1%, year-on-year, in April, down from 5.7% in March, data from the National Bureau of Statistics (NBS) showed today. That was despite a jump in exports as customers tried to stockpile goods to avoid supply disruption from the Iran war.
It suggests a steep drop-off of investment in April as geopolitical uncertainty may have weighed on investment decisions.
These attacks serve as a pointed warning: any renewed US or Israeli strikes on Iran could quickly trigger more proxy assaults on Gulf energy and critical infrastructure.
Continue reading...