LONDON - World stocks nudged down on Thursday as Chinese economic data slowed in October and Germany only narrowly avoided a recession in the third quarter, adding to worries about the global growth fallout from the U.S.-China trade war.
“I think if they’d gone into a technical recession, the pressure to loosen the purse strings so to speak would have been much much greater.” Australia’s S&P/ASX200 wiped earlier gains to close 0.5% higher, while Shanghai blue chips were up 0.15%, supported by expectations that the gloomy figures would add to the case for stimulus.
China’s industrial production growth slowed sharply in October, with the 4.7% year-on-year rise well below forecasts for 5.4%. Investment growth hit a record low and retail sales also missed expectations.
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Stocks in cautious ranges ahead of China data, trade talk hopes fadeAsian stocks clung to tight ranges on Thursday as investors awaited key Chinese ... markets arent fading, which means it was all abou the fed. Trade war was just an excuse to lower rates back to 2017 levels.
Source: Reuters - 🏆 2. / 97 Read more »
European stocks seen lower as US-China trade concerns resurfaceEuropean stocks were seen opening lower on Wednesday amid concern that U.S.-China trade talks are stalling, while escalating unrest in Hong Kong looked set to blight the handover from Asia. TheLastRefuge2 China devaluation of the Yuan means less money for big ticket items from Germany. The PRC needs to join the international norms of markets and Merkel deserves nothing, she’s an arrogant leader and was overdue for diminishing. TheLastRefuge2 Europeans should at least try to help themselves for once.
Source: CNBC - 🏆 12. / 72 Read more »
European stocks set for flat open as US-China talks hit stalemateEuropean stocks were seen making a cautious open Thursday as trade negotiations between the U.S. and China are understood to have hit a roadblock. A possible 10% jump in S &P500 if US iron out the trade issues with China properly. And come out tops...
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Source: CNBC - 🏆 12. / 72 Read more »
Asian stocks fall on fears U.S.-China trade stallingAsian stocks and Wall Street futures fell on Wednesday on growing worries U.S.-C... ' Impeach' those who 'impeach' ..methinks ! Well, it has stalled. No need to fear certainty now. See what is next, like the economic depression coming to all countries thanks to the debt blow out in each country starting with Japan! That’s weird I thought all that was factored in. Just more bs from a sketchy industry
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Asian stocks retreat as China's growth slowdown deepensAsian stocks fell on Thursday after soft Chinese economic data showed the trade ... 😂😂 Our mission at is to build the social news network that ends fake news. Follow us Overlooked_Inc
Source: Reuters - 🏆 2. / 97 Read more »