LONDON - Global shares erased this week’s gains on Thursday after weak manufacturing surveys from Asia and Europe stoked fears of a slowdown in global growth, adding to profit taking ahead of the long Easter weekend.
Germany’s DAX more than doubled losses on the day to trade 0.3 percent lower after the release of the German survey, while the pan-European STOXX 600 index was down 0.2 percent. [.EU] Activity in Germany’s services sector rose to a seven-month high in April, but investors focused on the 44.5 reading for the manufacturing sector, well below the 50.0 mark separating growth from contraction even if it was above the 44.1 reading last month.
The weak surveys out of Europe added to a weak Japanese reading on manufacturing activity, which also showed new export orders fell at the fastest pace in almost three years. Washington and Beijing set a tentative timeline for a fresh round of face-to-face meetings ahead of a possible signing ceremony in late May or early June, according to a Wall Street Journal report.
Attention is now turning to how much more stimulus Beijing will apply without triggering more financial risks.The Australian dollar was 0.2 percent lower at $0.7163. It had earlier jumped to $0.7200 as traders wagered the Reserve Bank of Australia will not rush to ease rates even though the broader economy has seemingly lost momentum.
Daddy!
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:
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.
Stocks rise slightly at the open on trade deal hopesStocks posted slight gains at the open as investors cheered progress on U.S.-China trade talks.
Source: CNBC - 🏆 12. / 72 Read more »
European stocks seen slightly higher amid investor caution over global growthEuropean stocks are set to open slightly higher Friday morning, as investors breathe a sigh of relief after a delay to Brexit but continue to remain concerned over global growth. 'Slightly higher amid caution...' So we have European investment morons ill-prepared to lose other's retirement money? Totally reassuring.
Source: CNBC - 🏆 12. / 72 Read more »
Global growth and stocks could be set for lift off, says UBSOur call of the day, from a team of UBS strategists, says investors have been too negative when it comes to global growth expectations, and that’s good news...
Source: MarketWatch - 🏆 3. / 97 Read more »
China data, JPMorgan results lift stocks, riskier assetsGlobal stocks rose on Friday after JP Morgan's results kicked off the U.S. ... You will give us your life savings.... - Jamie Dimon that's what happens when you skim the majority of value from an individual's labour, leaving them without enough to support themselves and their families. Well, that's one word for it, yes💋
Source: Reuters - 🏆 2. / 97 Read more »
Stocks making the biggest moves midday: Tesla, Fastenal, Bed Bath & Beyond & moreThese are the stocks posting the largest moves midday Thursday. You go elonmusk !!! You are a genius !!!! People need to realize that and respect him. He will go in all the history books of the future. Realize who you are speaking to people. He will be a Legend !!!
Source: CNBC - 🏆 12. / 72 Read more »
The S&P 500 ends flat as investors await bank earningsThe S&P 500 ended little changed on Thursday as growing anxiety over a global ec... Merci
Source: Reuters - 🏆 2. / 97 Read more »
S&P on track to erase weekly losses as global growth concerns waneStocks opened solidly higher on Friday following stronger-than-expected economic data out of China and Europe, along with healthy bank earnings. The S&P...
Source: MarketWatch - 🏆 3. / 97 Read more »
U.S. stocks aim for slight gains as investors brace for bank earnings, wrestle with ebbing growthU.S. stock indexes inch higher Thursday morning, but equity-market investors struggle for clear catalysts to help drive values much higher ahead of the start of quarterly results — set to kick off unofficially on Friday — amid further evidence of world-wide economic sluggishness.
Source: MarketWatch - 🏆 3. / 97 Read more »
Markets Right Now: Solid gains for stocks in early tradingGet breaking national and world news, broadcast video coverage, and exclusive interviews. Find the top news online at ABC news. “banks and media companies move higher” Prophetic....pride comes before the fall. MAGA! Thanks President Trump! I’ve never been Richer hahahahahahahaha hahahahahahahaha I love it. Fuck you aoc
Source: ABC - 🏆 471. / 51 Read more »