Weaker China Export Data Adds Pressure to Yuan
Asian shares slumped with U.S. stock futures and the yen reversed a decline against the dollar as an unexpected drop in Chinese exports spurred concern about the outlook for the global economy. Volatility is climbing as investors grapple with fresh evidence of a deepening slowdown in China, increasing bets on a U.S. interest-rate hike and uncertainty spurred by Britain’s vote to leave the European Union. Minutes of the U.S. central bank’s last meeting released Wednesday reinforced the case for tighter monetary policy before the end of the year. JPMorgan Global Market Strategist Alexander Dryden discusses with Anna Edwards and Manus Cranny on "Bloomberg Daybreak: Europe."