Global stocks are dropping after Chinese factory prices fall, stoking fears deflation is spreading

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Chinese factories face weaker demand and may be 'exporting deflation by cutting prices and making it even harder for central banks' like the ECB.

World stocks slid on Tuesday as traders reacted to falling prices of Chinese manufactured goods and disappointing French industrial production data. China's producer price index dropped 0.8% in August, the sharpest decline in three years, as the country's trade war with the US weighed on demand for factory products. French industrial production rose 0.3% in July, falling short of the 0.5% rise that analysts expected. View Markets Insider's homepage for more stories.

World stocks slid on Tuesday as traders reacted to falling prices of Chinese manufactured goods and disappointing French industrial production data. China's producer price index dropped 0.8% in August, the sharpest decline in three years, as the country's trade war with the US weighed on demand for factory products. French industrial production rose 0.3% in July, falling short of the 0.5% rise that analysts expected. View Markets Insider's homepage for more stories.

 

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

Canada Canada Latest News, Canada Canada Headlines