The fall of exports in China leads to losses in all the european stock exchanges and Wall Street – The Digital

The fall in exports in China leads to losses in all the european stock exchanges and Wall Street

The major markets suffering declines of more than 1 percent on the balance of your actions, after reporting disappointing on the foreign trade of the giant asian

The main european stock exchanges opened Thursday down due to the poor external trade figures in China, whose exports slowed his recovery and fell 5.6 percent in September.

at 13: 30 GMT, the FTSE-100 in London recorded a fall of 1.22%, the CAC 40 in Paris lost 1.6% and the Frankfurt Dax by 1.4%. For its part, the Ibex 35 in Madrid were left to 1.38 per cent.

The exports of China, the world’s second biggest economy, slowed in September to its upward trend in recent months, while imports increased by 2.2 per cent, according to official data released Wednesday.

“chinese exports weakened last month by the low external demand. At the same time, imports returned to negative territory, sowing doubts about the strength of the recent reports of the domestic demand”, said Julian Evans-Pritchard, an analyst of Capital Economics. “This could be a sign that economic activity is losing its momentum,” he added.

The total volume of china’s external trade, accounted for in yuan, fell 1.9 per cent in 2016.
With information from AP and AFP 13/10/2016