Trade tensions between the U.S. and China continue to weigh on sentiment. The two sides are reported to be far apart on reform demands as high-level talks continue in Beijing.
The U-S dollar came under a bit of pressure today. Their retail sales data reinforced expectations that Federal Reserve may not hike rate this year. U-S Retail sales posted their largest decline since September 2009. Perhaps a sign of weakness in the consumer sector, which accounts for more than two-thirds of the economy.
Growth concerns have also caught investor attention after China’s factory inflation decelerated for the seventh month in a row on softening demand. That comes after data showed that Germany, which is the euro region’s biggest economy, stagnated in the fourth quarter.