GLOBAL ECONOMIES ( March 10th ) GLOBAL MARKETS-World stocks, copper, oil dip after weak China export data Global stock indexes slipped and the prices of copper and oil sank on Monday after surprisingly weak Chinese trade data added to worries about a slowdown in the worlds second-largest economy. Chinas exports unexpectedly tumbled in February, falling 18.1 percent from a year earlier and swinging the trade balance into deficit. The data underscored recent concerns about the outlook for Chinas economy, even though the Lunar New Year holidays were blamed for the slide. The data put a dampener on risk sentiment, which had been boosted briefly by Fridays stronger-than-expected U.S. non-farm payrolls report.
Posted on: Tue, 11 Mar 2014 02:40:12 +0000
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