Arab Today, arab today european stocks slip on poor china trade figures
Last Updated : GMT 09:06:12
Arab Today, arab today
Arab Today, arab today

European stocks slip on poor China trade figures

Arab Today, arab today

Arab Today, arab today European stocks slip on poor China trade figures

London - AFP

European stock markets weakened on Friday as poor Chinese trade data sparked fresh concern about slowing economic growth in the Asian powerhouse nation. London\'s FTSE 100 index of top companies dipped 0.08 percent to 5,846.37 points in morning deals, Frankfurt\'s DAX 30 dropped 0.37 percent to 6,939.68 and the Paris CAC 40 slipped 0.76 percent at 3,430.51 points. In foreign exchange deals, the European single currency declined to $1.2280 from $1.2301 in New York late Thursday. \"Today, market action in European equity markets is once again being dominated by new developments out of Asia, mainly China, especially with (the) economic data calendar in Europe remaining on the light side and the Olympic games still being in full swing,\" said ETX Capital trader Markus Huber. \"Overnight, fairly disappointing trade and new loans data out of China has renewed worries that China\'s slowdown might be more pronounced than originally feared with a hard landing not necessarily off the table just yet.\" Investor sentiment was partly boosted on Thursday as Chinese inflation data lifted hopes that Beijing would loosen monetary policy further, while US trade figures turned out to be better than expected. However, markets mostly fell on Friday as weak Chinese trade data reinforced concerns of a slowdown in the world\'s number two economy, while profit-taking added to selling pressure. China\'s exports grew just one percent in July year-on-year to $176.9 billion, while imports rose 4.7 percent to $151.8 billion, cutting the trade surplus to $25.1 billion from $31.7 billion in June. Chinese retail sales, industrial output and inflation all weakened in July, indicating the export-driven economy was feeling the effects of Europe\'s debt crisis lowering demand in a key market. The figures will also add to calls for China\'s leaders to further loosen monetary policy to kick start growth, which in the April-June quarter grew at its slowest pace since the height of the global crisis in 2008-2009. \"Worse-than-expected trade data, slowing industrial output growth and lower loans figures have put the focus firmly back on China today -- with pressure increasing on their policy makers to introduce further stimulus measures,\" said Rebecca O\'Keeffe, head of investment at online brokerage Interactive Investor. In Asian trade, Hong Kong shares fell 0.66 percent and Shanghai shed 0.24 percent. Tokyo lost 0.97 percent and Sydney dipped 0.72 percent. Wall Street provided a weak overnight lead despite upbeat US jobs and trade data that supported a more positive outlook for the world\'s number one economy. US weekly new jobless claims fell to 361,000, the Labor Department said Thursday, in another sign that the jobs market has some moderate strength despite the second-quarter lull in hiring. Meanwhile, the US trade deficit narrowed in June for the third straight month, with exports continuing to climb while imports eased. Profit-taking added to Friday\'s losses after global markets rallied this week following European Central Bank comments that gave investors confidence it will restart its sovereign bond-buying programme soon to help countries such as Spain and Italy.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today european stocks slip on poor china trade figures Arab Today, arab today european stocks slip on poor china trade figures

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
Arab Today, arab today Former head of Egypt’s syndicate submits appeal

GMT 20:11 2017 Saturday ,25 March

Former head of Egypt’s syndicate submits appeal

GMT 13:39 2017 Saturday ,25 March

US stocks end mixed as House pulls health-care bill

GMT 03:20 2017 Saturday ,25 March

Markets hanging on US health care bill fallout

GMT 15:44 2017 Wednesday ,22 March

Bahrain Bourse daily trading report

GMT 13:35 2017 Wednesday ,22 March

Oman shares fall taking cues from regional bourses

GMT 09:35 2017 Wednesday ,22 March

Bahrain Bourse daily performance
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Actress Mervat Amin reveals her role in new series
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 06:04 2017 Thursday ,23 March

Haifa Wahby bets on her new drama show

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 15:06 2017 Saturday ,25 March

Dialysis Supplies Dwindle for Syrians

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday