Investors Fear Slower Global Growth
Global stocks fell on Wednesday after faltering growth in China and Europe heightened concerns about broader economic momentum. MSCI’s broadest gauge of world stocks slipped 0.1%. The dollar firmed as investors weighed up the outlook for Federal Reserve interest rates. Investors were also spooked by news that more than expected Chinese imports and exports fell in July, highlighting a broader slowdown in the world’s second-largest economy. “The data suggest the recovery remains in the early stages,” said Zhiwei Zhang, president of Pinpoint Asset Management. “We believe domestic demand is being weakened by slowing housing market and the lingering effects of … Continue reading Investors Fear Slower Global Growth
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