Morning Bid: China trade data disappoints, again

News Snapshot:

A Cosco Shipping container ship is seen at the Yangshan Deep Water Port amid the coronavirus disease (COVID-19) outbreak in Shanghai, China April 24, 2022. Picture taken April 24, 2022. cnsphoto via REUTERS/File Photo A look at the day ahead in U.S. and global markets by Alun John. U.S. equity markets saw their first positive day in August on Monday, but then along came Chinese trade data. Nasdaq and S&P500 futures , are both back in the red, European shares are down (.STOXX), and Hong Kong stocks took another kicking. Italy's 40% windfall tax on banks' net interest income, and...