Similar Stories to World Shares Retreat After China Reports Economy Weakened on Bing News

BANGKOK (AP) — World share prices retreated after China reported Friday that its economy grew 6.0%, its slowest pace in 26 years, in the latest quarter. Britain's FTSE 100 edged 0.1% lower to 7,177.44 as Prime Minister Boris Johnson worked to persuade lawmakers to accept a newly struck deal for the United Kingdom's departure from the European Union. The CAC 40 in Paris lost 0.2% to 5,660.66 while Germany's DAX reversed early losses, edging 0.1% higher to 12,665.69. Wall Street looked poised for a tepid start, with the future contract for the Dow Jones Industrial Average down 0.1% at 26,960.00 and that for the S&P 500 also 0.1% lower at 2,995.10. The 6.0% growth pace China reported for July-September was worse than forecast and the slowest since the country began reporting quarterly data in 1993. It ups pressures on global growth and to Chinese leaders' efforts to avert politically dangerous job losses as they fight a tariff war with President Donald Trump. Some of the latest data for September, such as investment and lending, showed improvement, but "pressure on economic activity should intensify in the coming months," Julian Evans-Pritchard of Capital Economics said in a commentary. "Cooling global demand will continue to weigh on exports, fiscal constraints mean that infrastructure spending will wane in the near-term and the recent boom in property construction looks set to unwind.Read more on NewsOK.com

BING NEWS:
  • Wall Street mixed as Nvidia retreat hits tech stocks; payrolls data in focus
    Wall Street struggled for direction on Thursday as AI-favorite Nvidia slipped after a tech-led rally in the previous session, and investors awaited a key labor market report ahead of the Federal ...
    06/6/2024 - 4:49 am | View Link
  • Wall Street mixed as tech stocks retreat; labor data lifts rate cut hopes
    The S&P 500 and the Dow futures were little changed on Thursday as investors awaited fresh data to gauge the U.S. labor market strength, while the Nasdaq futures inched higher as gains in AI-favorite ...
    06/6/2024 - 2:31 am | View Link
  • World News
    Chinese officials have been forced to apologise, after hiker found a secret waterpipe supplying China's tallest waterfall. The video, posted to TikTok's sister app Douyin on Sunday, showed a ...
    06/5/2024 - 1:00 pm | View Link
  • Stock market today: Asian shares retreat and India's benchmark dives 8%
    Asian shares retreated Tuesday, with India’s Sensex dropping as much as 8% as investors who had bought shares after exit polls showed Prime Minister Narendra Modi winning a third term sold to lock in ...
    06/3/2024 - 7:13 pm | View Link
  • Stock market today: Falling tech stocks drag Wall Street lower again
    The Fed has been keeping the federal funds rate at the highest level in more than 20 years in hopes of slowing the economy enough to stifle high inflation. But if it holds rates too high for too long, ...
    05/31/2024 - 12:55 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News