Concerns about the health of China’s economy continues to weigh on global sentiment
Global stocks slipped on Wednesday for the third time in four sessions as more disappointing Chinese economic data and the absence of meaningful stimulus from Beijing continued to weigh on investor sentiment.
“Much of the decline is explained by continuing concerns surrounding the economic slowdown in China, as well as rising tensions with the U.S.,” said Thomas Gehlen, senior market strategist at Kleinwort Hambros. On Tuesday, China reported weaker-than-expected July activity data. The Chinese central bank also unexpectedly lowered its policy rate on Tuesday, after a long run of disappointing figures and the arrival of deflation in July, but investors have so far been underwhelmed by the response.
U.S. futures pointed to a brighter start on Wall Street, with S&P contracts up 0.24% and Nasdaq contracts 0.31% higher. The U.S. dollar index, which measures the currency against six major peers, was down 0.22% at 102.98, ending a run of four straight daily increases.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
A throng of interfaith leaders to focus on combating authoritarianism at global gathering in ChicagoMore than 6,000 people representing scores of religions and belief systems are expected to convene in Chicago starting Monday for what organizers bill as the world’s largest gathering of interfaith leaders.
Lire la suite »
2023 Calgary Pride Parade & Festival; supported by Global Calgary & QR CalgaryFrom September 2nd to 3rd, join Calgary Pride as Prince’s Island Park is transformed into a bustling hub of joy and inclusivity!
Lire la suite »
Cancervive Ride for Wellspring; supported by Global Calgary and QR CalgaryRide through the heart of the Rocky Mountains on September 9 to raise money for Wellspring Alberta!
Lire la suite »
India’s rice ban exposes complex web of global trade and politicsDescription
Lire la suite »
PFL Europe Playoffs Event on Sept. 30 to Feature 12 Fights, Including Cedric DoumbeThe Professional Fighters League has established its playoff event for its European tournament.
Lire la suite »
Interfield Global Software redefines industries with cutting-edge Amazon-inspired solutionsHelmed by CEO and Chairman Harold Hemmerich, along with sons Steele Hemmerich (President) and Dain Hemmerich (COO), Interfield Global Software Inc. (CBOE: IFSS) has two operating divisions — ecommerce through their flagship platform Equipment Hound and SAAS through their flagship product ToolSuite — that service industrial segments around the world, including oil and gas, mining and, increasingly, renewables.
Lire la suite »