In financial markets, the fall on the background of the publication of indicators on the Chinese economy

China reported GDP growth, but retail sales figures were worse than expected.

Global financial markets on Thursday showed a decline, despite the growth of the Chinese economy in the second quarter.

London’s FTSE and Frankfurt’s DAX each lost 0.6 percent, while the Paris CAC-40 lost 0.8 percent.

Earlier, a similar trend was demonstrated by Asian markets: Tokyo’s Nikkei closed down 0.7 percent, Hong Kong’s Hang Seng fell 2 percent, and the Shanghai Composite fell 4.5 percent.

Sydney’s S&P / ASX index lost 0.6 percent, Seoul’s KOSPI lost 0.8 percent, and Taiwan’s TSEC lost 0.3 percent. Mumbai’s Sensex rose 1 percent in the afternoon.

US crude oil fell 1 percent to $ 40.75 a barrel, while benchmark Brent crude oil fell 0.7 percent to $ 43.50 a barrel.

China on Thursday announced that its GDP grew by 3.2 percent between April and July compared with last year, but lower-than-expected retail trade figures overshadowed the news. The growing tension between Washington and Beijing is also adding to investors ‘ concerns.

Futures for all three leading us stock indexes are showing negative dynamics ahead of trading.

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Author: Steve Cowan
Graduated From Princeton University. He has been at the Free Press since October 2014. Previously worked as a regional entertainment editor.
Function: Chief-Editor
Steve Cowan

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