China’s exports plunged 21% in February from a year earlier, and 4.6% month over month, a sign that the trade war with the U.S. might be having an impact. Whatever it is, it’s not helping markets this morning. “The overnight session has seen a big fall in Chinese exports take us right back into risk aversion,” writes Société Générale’s Kit Juckes.
Of course, there’s still the U.S. jobs data to come at 8:30 a.m. today. Maybe that can lift the market out of its funk?
Write to Ben Levisohn at [email protected]