Factories feeling the pinch from escalating trade conflict

LONDON/TOKYO (Reuters) – Manufacturing activity took a hit from weak orders in August, surveys showed, a sign firms are feeling the pinch from an intensifying trade war between the United States and China that could derail global growth. Surveys of purchasing managers released on Monday showed mounting pressure on factories across Europe and Asia, with later data expected to show the United States is in the same grip. [EUR/PMIM] [GB/PMIM] However, growth remained relatively robust and was unlikely to deter major central banks from moving toward tighter monetary policy.   [Read More Here]