Markets

Fall on financial markets amid publication of indicators on the Chinese economy

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.Fall on financial markets amid publication of indicators on the Chinese economy 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.

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