World stocks are slumping as bad economic data point to a global slowdown

A man stands in front of an electronic board showing stock information at a brokerage house in Hefei, Anhui province, in China.Asian, European, and US stocks retreated on Thursday morning as markets digested disappointing economic data out of Germany, France and South Korea.

South Korea's economy shrunk 0.3% in the first quarter, while German business sentiment and French manufacturing confidence both weakened in April. "The cautious mood from Asia is likely to roll over into Europe, and possibly Wall Street this afternoon, as investors adopt a guarded approach to riskier assets," said Lukman Otunuga, research analyst at FXTM.

Asian, European, and US stocks retreated on Thursday as disappointing economic data in Germany, France, and South Korea fanned fears of a global slowdown. The bad news tempered investor excitement after

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian Companies Pull Back From Iran Amid U.S. PressureAsian companies that had provided a lifeline to Iran after the U.S. reimposed sanctions last year are pulling back, hurting the hobbled Iranian economy and leaving the Islamic Republic with less incentive to stay committed to a multination nuclear deal. EarthDay ThursdayThoughts!🤔 SocialMedia Education Politics Technology PRess Banking Economy Entertainment Business StartUps ColonialIdentity FridaysForFuture EndPoverty ClimateAction ClimateJustice ClimateFinance GlobalGoals 4IR SDGs
Source: WSJ - 🏆 98. / 63 Read more »

Asia stocks firm, oil hits 5-month peak on Iran sanctions reportAsian shares were steady on Monday as investors took stock of recent data sugges...
Source: Reuters - 🏆 2. / 97 Read more »