Global stocks are mixed after the IMF cuts the economic outlook
Global stocks are mixed after the IMF cuts the economic outlook
European and Asian markets are mixed after the International Monetary Fund lowered its outlook for the global economy, citing the impact of rising interest rates and trade tensions.
KEEPING THE MARKER: GermanyThe DAX lost 0.1 percent to 11,930.66 while the CAC 40 lost France added 0.1 percent 5,306.00 on Tuesday. Britain's FTSE 100 was 0.1 percent lower at 7,235.58. Wall Street prepared for a pessimistic opening. Dow futures lost 0.2 percent to 26,481.00. The broader futures of the S & P 500 lost 0.3 percent to 2,885.50.
ASIA DAY: Japan's benchmark index, Nikkei 225, fell 1.3 percent to 23,469.39. The Hang Seng of Hong Kong fell 0.1 percent to 26,172.91. The Shanghai Composite index recovered its losses by 0.2 percent to 2,721.01, after falling 3.7 percent on Monday. The S & P / ASX 200 of Australia gave 1.0 percent to 6,041.10. Stocks rose in Taiwan, Thailand and Indonesia, but fell in Singapore. The markets in South Korea were closed for a national holiday.
IMF BOTTOM Fund: The International Monetary Fund has revised its outlook for the global economy, citing rising interest rates and rising trade tensions. He said the world economy will grow 3.7 percent this year, the same as in 2017, but below the 3.9 percent it forecast for 2018 in July. The report comes on the eve of the October 12-14 meetings in Bali, Indonesia, of the IMF and its sister lending organization, the World Bank. The IMF believes China's economy will grow 6.6 percent this year as previously forecast. But the fund reduced China's economic outlook for 2019 to 6.2 percent, which would be the country's slowest growth since 1990.
Conversations between the United States and China: On Monday, the Secretary of State of the United States. UU., Mike Pompeo, said Washington had a "fundamental disagreement" and a "big concern" about Chinese actions, before a meeting with Chinese Foreign Minister Wang Yi and another high official in Beijing on Monday. Pompeo said he looked forward to the discussions, but his courteous and bold tone highlighted the deterioration of US-China relations. The Trump administration has confronted China with its technology policies and territorial claims in the South China Sea, and countries have raised tariffs on tens of billions of dollars of each other's assets.
ANALYST TAKEN: The IMF report "should not surprise you in any way" as the fund's managing director, Christine Lagarde, warned that trade disputes weighed on world growth last week, said Chris Weston of Pepperstone Group Limited. "However, this is the first time that a recognized body is prepared to officially recognize commercial tensions and reduce their forecasts, and that is a message in itself," he added.
ENERGY: US benchmark crude added 40 cents to $ 74.69 a barrel in electronic transactions on the New York Mercantile Exchange. The contract lost 0.1 percent to reach $ 74.29 per barrel in New York. Brent crude, used to quote international oils, rose 62 cents to 84.53 dollars per barrel. It fell 0.3 percent to $ 83.91 per barrel in London.
COINS: The dollar fell to 113.18 yen from 113.21 yen on Monday. The euro fell to $ 1.1475 from $ 1.1489.
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SOURCE LINK ERESVIRAL.COM https://www.beviral.online
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