Wall Street’s main indexes fell on Monday as economic growth in China slowed, while a relentless surge in oil prices fueled concerns about elevated inflation. Data showed China’s economy hit its slowest pace of growth in a year in the third quarter, hurt by power shortages and wobbles in the property sector. “There is some…
Wall Street Falls on Slowing China Growth, Inflation Worries
October 18, 2021
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World Shares Mostly Lower as Chinese Growth Data Disappoints
October 18, 2021
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World shares were mostly lower on Monday after China reported its economy grew at a meager 4.9 percent annual pace in July-September. Germany’s DAX declined 0.5 percent to 15,506.11 and the CAC 40 in Paris gave up 0.8 percent to 6,676.21. Britain’s FTSE 100 lost 0.2 percent to 7,216.79. The future for the Dow industrials…
Japan’s 3rd Quarter Growth Forecast Trimmed Further on COVID-19 Drag: Poll
TOKYO—Japan’s economy likely grew at a slower pace than previously expected last quarter and faces ongoing risks from soaring raw material prices and coronavirus-linked production and supply disruptions, a Reuters poll of economists showed on Friday. Government and central bank policymakers are hoping a jump in consumer activity put the export-reliant economy firmly on a…
S&P 500, Nasdaq Rise With Growth Stocks; JPMorgan a Drag
October 14, 2021
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NEW YORK—The S&P 500 and Nasdaq ended higher on Wednesday, led by gains in shares of big growth names like Amazon.com and Microsoft, but JPMorgan shares fell along with other bank shares and weighed on the market. The S&P 500 briefly added to gains following the release of minutes from the September Federal Reserve policy…
Oil Falls on Concerns of Faltering Economic Growth to Hit Demand
October 13, 2021
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LONDON—Oil prices edged down on Wednesday on concerns that oil demand growth will fall as major economies suffer through inflation and supply chain issues though surging prices for power generation fuel such as coal and natural gas limited losses. Brent crude futures fell 24 cents, or 0.2 percent, to $83.18 a barrel at 0830 GMT….
Bulgaria Sees Economic Growth, Inflation Picking Up This Year
SOFIA—Bulgaria’s economy is expected to rebound with growth of 4 percent this year and accelerating to 4.9 percent in 2022, the finance ministry said in its autumn macroeconomic forecast on Wednesday. The small and open economy contracted by 4.2 percent in 2020 when the COVID-19 pandemic hit jobs and businesses. The ministry said strong domestic…
European Business Growth Hurt by Supply Issues, Pricing in September: PMIs
LONDON—Business growth across Europe remained strong last month but elevated inflationary pressures put a dent in demand while ongoing supply issues constrained activity, issues which are likely to continue, a survey showed on Tuesday. Although many restrictions imposed to contain the coronavirus pandemic have now been lifted in the region, firms are suffering from shortages…
Banks, Chipmakers Drag European Stocks Lower on Growth Worries
October 4, 2021
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European stocks struggled on Monday after their worst weekly showing since February, hit by a growing number of risks including signs of inflation, elevated bond yields, and developer China Evergrande’s financial troubles. The pan-European STOXX 600 index fell 0.5 percent, holding near a two-month low hit in last week’s selloff. Banks, chipmakers, and luxury stocks…
Canada’s Economy Seen Rebounding on Hospitality Sector Growth
OTTAWA—Canada’s economy likely rebounded in August from a slight contraction in July, buoyed by growth in the hospitality industry, though a withering drought will continue to drag on the important agriculture sector, data showed on Friday. The Canadian economy contracted 0.1 percent in July, just beating analyst estimates of a decline of 0.2 percent, but…
Euro Zone Factory Growth Strong in September but Bottlenecks Bite
LONDON—Euro zone manufacturing growth remained strong in September but activity took a big hit from supply chain bottlenecks that are likely to persist and keep inflationary pressures high, a survey showed on Friday. Factories have struggled with logistical issues, product shortages and a labour crunch brought about in large part by ongoing disruptions caused by…
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