Saturday, 19 October 2019

Markets fall, China's economy slows

Markets fell on Friday.

The S&P 500 fell 0.4 percent, the STOXX Europe 600 fell 0.3 percent and the Shanghai Composite tumbled 1.3 percent.

China reported that its economy grew 6.0 percent in the third quarter from a year ago, down from a 6.2 percent pace in the second quarter.

“Unchecked, the US-China trade conflict is set to sink growth well below 6%,” Mizuho Bank’s Vishnu Varathan, head of economics and strategy, wrote in a note.

No comments:

Post a Comment