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.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Europe: German data, earnings nudge stocks near 4-year highs; Madrid lags[BENGALURU] European shares climbed back to a four-year high on Tuesday as positive German investor sentiment data and a slew of upbeat earnings lifted the mood, but Spanish stocks lagged after socialist and far-left parties joined forces to form a coalition. Read more at The Business Times.
Fonte: BusinessTimes - 🏆 15. / 51 Consulte Mais informação »

Stocks in cautious ranges ahead of China data, trade talk hopes fadeAsian stocks clung to tight ranges on Thursday as investors awaited key Chinese data for clues on how much the 16-month trade war between Beijing ...
Fonte: ChannelNewsAsia - 🏆 6. / 66 Consulte Mais informação »

Europe: Stocks waver at openRead more at The Business Times.
Fonte: BusinessTimes - 🏆 15. / 51 Consulte Mais informação »