Thursday, 21 March, 2019

Stock markets across Asia drop on concerns surrounding global growth

European shares pull back ahead of ECB meeting ECB sees interest rates unchanged at least through 2019
Priscilla Morrison | 10 March, 2019, 06:21

The February US jobs report to be released as 1330 GMT could stack more pressure on the floundering euro.

Asia Pacific Market Open Talking Points Risk appetite deteriorated after dismal European Central Bank economic projections EUR/USD sunk through support levels, eyeing June 2017 lows next Markets eye China trade data to monitor impact of slowing growth Build confidence in your own EUR/USD strategy with the help of our free guide!

Shanghai blue chips quickly extended early losses to be down 2.9 percent, the sharpest daily fall since October, while the dollar climbed on the yuan.

Questions were being raised yesterday if the European Central Bank has made the right decision because the bank has seriously run of options in order to shore up the growth in the Eurozone.

SYDNEY, March 8 (Reuters) - Asian stocks shuddered lower on Friday after shockingly weak export data from China heightened market fears about a global economic slowdown, a day after European policymakers slashed growth forecasts for the bloc.

"Our own view is that the Chinese economy is slower than people generally think, but I think the world economy is probably slower than people think".

The data showed Chinese exports plummeted 20.7% in February from a year earlier, reflecting weaker demand and distortions from the Lunar New Year holiday.

More news: Bryce Harper Hit A Massive HR In A Simulation Game Today

When equities post losses, the precious metal usually goes up, as investors are looking for a safe haven.

The S&P 500 was left trading near a four-week low. West Texas oil futures fell below US$55 a barrel, as the weakening outlook for the global economy and rising crude stockpiles signaled markets will remain comfortably supplied.

He also noted the "persistence of uncertainties related to geopolitical factors, the threat of protectionism and vulnerabilities in emerging markets appears to be leaving marks on economic sentiment". Platinum for April delivery was up 0.5 dollar, or 0.06 percent, to settle at 817.60 dollars per ounce.

Japan's Nikkei dropped 1.9 percent and Australia 0.9 percent. Imports were down 5.2% in the month, after a 1.5% decline in January. Italy's 10-year government bond yield touched its lowest level in just over a month at 2.661% and was last down 4 basis points on the day. US investors piled into sovereign debt while in Europe, the yield on the 10-year German bund fell by half from 13 basis points to about 6.5 basis points.

The Bloomberg Commodity Index fell 0.1 percent.

Form for signing up for free newsletter.

Recommended

Warriors Sign Center Andrew Bogut Warriors Sign Center Andrew Bogut On Tuesday, reporters asked Steph Curry at the team's shootaround about the possibility of Bogut rejoining the team. He won the NBL MVP as a member of the Sydey Kings , leading the league with 11.6 rebounds per game.

UK’s Diplomatic Protection for Zaghari Contravenes Intl. Law: Iran’s Envoy UK’s Diplomatic Protection for Zaghari Contravenes Intl. Law: Iran’s Envoy Ms Zaghari-Ratcliffe, the Thomson Reuters Foundation and the British government have consistently denied the charges against her. She maintains her innocence, and says she was on holiday in Iran taking her daughter Gabriella to visit her parents.

Carlos Ghosn steps out in Tokyo Carlos Ghosn steps out in Tokyo Ghosn who was sacked from Nissan remains a board member becomes any changes to the board need to be approved by shareholders. On Friday evening, Ghosn left an apartment building wearing a black jumper, cap and sunglasses.

Timberwolves Complete Season Sweep of Thunder Timberwolves Complete Season Sweep of Thunder The win snapped a three-game losing streak for Minnesota, though the Timberwolves have won four consecutive games at home. JJ Redick scored 26 points to lead 6 double-digit scorers for Philadelphia in a 114-106 victory over visiting Orlando.

Kelly Released From Prison After Child Support Debt Is Paid Kelly Released From Prison After Child Support Debt Is Paid Kelly even revealed how much he had in his bank account, that was only $350K from the previous $150 million he was once worth. It came three days after a judge ordered Kelly jailed until he paid the total amount he owed by that date.

Trump's former chief of staff against coast-to-coast wall Trump's former chief of staff against coast-to-coast wall General John Kelly , the former White House Chief of Staff, revealed that he would have worked for Hillary Clinton if she won. During his talk Wednesday, Kelly said that a full "sea to shining sea" border wall would be a "waste of money".

Barack Obama tweets thread honoring women on International Women's Day Barack Obama tweets thread honoring women on International Women's Day The demonstrators took to the streets united by the "if we stop, the world stops" slogan. Over the next few years, more countries in Europe marked the holiday on March 8.

Cabrera Bello sets pace with 65 at Bay Hill Cabrera Bello sets pace with 65 at Bay Hill He rallied to finish at 68, joining a group that included Graeme McDowell , Bubba Watson , Billy Horschel and Patrick Rodgers . He called it quits on Thursday after hitting his second shot into the water on the par-5 16th hole.

Facebook Is Officially Taking Action Against Vaccine Misinformation - Here's What to Expect Facebook Is Officially Taking Action Against Vaccine Misinformation - Here's What to Expect However, the spokeswoman said, the users who already belong to the groups or pages will be able to log onto them as usual. These groups and pages will be automatically removed from recommendations and search predictions as a result.

Kelly’s girlfriends slam parents, defend him in CBS interview Kelly’s girlfriends slam parents, defend him in CBS interview Kelly opened up about his financial struggles to CBS reporter Gayle King in the second part of their highly-publisised interview . Clary claimed that her parents encouraged her to pretend to be older when she first met Kelly. "It's cause she was attractive ".

Airbnb goes deeper into hotel business with HotelTonight purchase Airbnb goes deeper into hotel business with HotelTonight purchase Airbnb says that the acquisition of HotelTonight will help the company meet the enormous demand from and for boutique hotels. HotelTonight may not be a household name, but it's based here in SF and by all accounts it's a pretty successful company.

Real Madrid ready to pay record fee for Paris Saint-Germain star Real Madrid ready to pay record fee for Paris Saint-Germain star Jurgen Klopp "will not entertain offers" from Real Madrid , according to the Telegraph . After Tuesday's stunning home defeat by Ajax , the Argentine said he would not resign .

International Business: UK womenswear chain LK Bennett falls into administration International Business: UK womenswear chain LK Bennett falls into administration The fashion retailer, known for its smart daywear, attracted celebrity fans over its near 30-year history, including the Duches. With the rise of competition from online retailer offering cheap easy alternatives it's hard for high street brand to survive.

R. Kelly released from jail after payment made R. Kelly released from jail after payment made In his explosive interview with " CBS This Morning " co-host Gayle King, he said he only had $350,000 left in his bank account . Last month Avenatti said he had uncovered videotape of Kelly having sex with a 14-year-old girl multiple times.

Battle against Ebola being lost amid militarised response, MSF says Battle against Ebola being lost amid militarised response, MSF says Local officials, unlike global staffers, did not have the privilege of being evacuated for security reasons, she said. The outbreak, which began last August, has killed at least 569 people, according to the World Health Organization .