* Graphic: World FX rates in 2019 tmsnrt.rs/2egbfVh * Germany avoid technical recession * China slowdown deepens * European shares open lower * FX risk off sentiment “alive and well” By Ritvik Carvalho LONDON, Nov 14 (Reuters) – World stocks nudged down on Thursday as Chinese economic data slowed in October and Germany only narrowly avoided a recession in the third quarter, adding to worries about the global growth fallout from the U.S.-China trade war. MSCI’S All-Country World index, which tracks shares in 47 countries, was down 0.14% after start of trading in Europe. European shares fell after data showing the German economy grew just 0.1% in the third quarter, avoiding edging into a mild contraction thanks to consumer spending, but remaining weak nevertheless. The pan-European STOXX 600 index was down 0.2%, while Germany’s DAX fell 0.4%. “Obviously it’s better than expected, but actually I would argue is that it’s a hollow victory because in effect it makes a fiscal response less likely,” said Michael Hewson, chief markets analyst at CMC Markets in London. “I think if they’d gone into a technical recession, the pressure to loosen the purse strings so to speak would have been much much greater.” Bond… Read full this story
- GLOBAL MARKETS-Stocks close near highs as bond yields dip
- GLOBAL MARKETS-Stocks slide, yields jump as Fed projects earlier rate hikes
- GLOBAL MARKETS-Stocks set record highs as bond yields slide
- Be very careful: US inflation could soon be toxic for global markets
- Time is running out for China to prepare its economy for a 'great demographic unknown'
- FTSE 100 sees £48bn wiped off value as fresh inflation fears prompt global markets plunge
- US stocks dip from records ahead of Fed meeting on rates
- Bulls return to Dalal Street: Key factors that drove the stock market higher today
- UBS Wealth says it’s time to bet big on emerging markets shares
- India Share Market | Ramesh Damani: India is going to leapfrog like Japan did in 1960s: Ramesh Damani
- Take a look back at a year that rocked markets and the global economy
- Economic numbers, RBI meet among key factors that may guide market this week
GLOBAL MARKETS-Stocks dip as China slowdown deepens, German economy weak have 340 words, post on www.reuters.com at November 14, 2019. This is cached page on Konitono. If you want remove this page, please contact us.