Stocks dip as China slowdown deepens, German economy weak

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.

In Asia, stocks fell after soft economic data in China and Japan showed the trade war between Beijing and Washington was hitting growth in some of the world's biggest economies. Fixed asset investment, a key driver of economic growth, rose just 5.2per cent from January to October, against expected growth of 5.4per cent and the weakest pace since Reuters record began in 1996.

The weak figures also come as market confidence about a resolution being reached weakens, with a new Reuters poll showing most economists do not expect Washington and Beijing to strike a permanent truce over the coming year. The yen was quoted at 108.70 per dollar, close to a one-week high. The Swiss franc traded at 0.9875 versus the greenback, near the highest in more than a week.

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