Is China Economy Recovery FAKE? Should you BUY China Stocks??
China reports GDP growth, but worse than expected retail sales
Global financial markets decline on Thursday despite China’s growth in the second quarter.
London FTSE and Frankfurt DAX lost 0.6 percent, Paris CAC-40 0.8 percent.
Earlier, Asian markets showed a similar trend: Tokyo Nikkei closed down 0.7 percent, Hong Kong’s Hang Seng dropped 2 percent, Shanghai Composite – 4.5 percent.
Sydney Index S&P / ASX lost 0.6 percent, Seoul KOSPI 0.8 percent, Taiwan’s TSEC 0.3 percent. Mumbai Sensex climbs 1 percent this afternoon.
US crude oil dipped 1 percent to $ 40.75 a barrel, while benchmark Brent oil dropped 0.7 percent to $ 43.50 a barrel.
China on Thursday announced that its GDP grew 3.2 percent from April to July from a year ago, but the news was marred by below-expected retail sales. Investor worries are exacerbated by growing tensions between Washington and Beijing.
Futures on all three leading American stock indices show negative dynamics ahead of trading.
News Service &# 171; Voices of america&# 187;
Volatility regime change since Feb 2018 – VTS Livestream # 6 Investors worried about the threat of a new wave of coronavirus European markets are mixed on…