Stock market news: Global stocks tumble after China GDP data - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Global stocks tumble as investors weigh Chinese GDP data, which beats estimates but 'flatters to deceive'

out of China showed a return to growth by posting better-than-expected metrics, aside from its retail sales.

Gross domestic product for the world's second-largest economy rose 3.2% in the three months ending June, above estimates, but its retail sales fell short of forecasts by dropping 1.8% in June. But "the headline number flatters to deceive," he said, while pointing out that "the Chinese domestic consumer appears to be more reluctant than anticipated to go outside and consume."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Barnes_Law Business insider globalists tool

Whenever I hear any positive financial news out of China I automatically think luckincoffee

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Investors crowding into the very biggest stocks are betting tech giants can buck market historyNew for subscribers: Investors crowding into the very biggest stocks are betting tech giants can buck market history Check out CNBCPro for a free trial. Pro For all human life! What if the Next 4 months? 88K on Mar to nearly 13M infections in July is 147 times! The only thing we can do is to find the source of the virus and develop vaccines, and this is what the Chinese CCP wants to hide! Time is running out!
Source: CNBC - 🏆 12. / 72 Read more »

Tech stocks investing strategy, best trades to hedge collapse: BofA - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Reminds me of the year 2000. Weren’t they demand in year 2000 ? Go tech!
Source: BusinessInsider - 🏆 729. / 51 Read more »

US stocks dip as investors weigh bank earnings and spiking virus cases - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »