UBS On-Air: Paul Donovan Daily Audio ‘Disinflation forces grow'

The Gulf region will be a focus in the aftermath of Western attacks on Houthi positions. Economically this does not change much in the short term. Shipping has diverted away from the Red Sea, and it seems unlikely that trade flows will adjust just because of one defensive measure. China’s trade data officially suggests some export growth, with toys and autos improving.