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Most recent 19 results returned for keyword: china gdp (Search this on MAP)
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Price Markets Morning Brief: European equities are set to decline on the open as the rout continues. Equities have shown remarkable resilience of late following a string of weak economic data from the US and China which was shrugged off. Alas, the weak China GDP seems to have been the tipping point and enthusiasm for the global recovery seems to have been severely dented. European indices fared slightly better yesterday by only declining 0.40%-0.60% compared to around 2% in the US and 1%-2% seen in Asia. However, further overnight declines in commodities are set to drag miners and energy firms lower again, and Germany, the supporting pillar which props up the rest of the Euro Zone, is expected to see a significant decline in the ZEW Economic Sentiment Survey today which may be a amplified in the current environment. Gold closed at $1352.5 yesterday having taken a dive of $135.3 bucks, its lowest level in two years and is edging up by around 1% this morning. Investors have lost their faith in the precious metal as safe-haven and large scale selling has taken place amid fears that the Fed will scale bank on any stimulus measures. Global growth on the whole is also a concern and many believe that these factors combined have curbed the outlook for inflation. Better returns in equities have lured many out of the market and gold's plunge triggered price drops in other commodity markets too, notably oil, silver, platinum and palladium. In light of the steepest three-session loss since March 1980 investors are being cautious until the price stabilises and for now many are talking of a possible support level around the $1,300 mark. US Brent for May delivery touched a 2013 low of $86.03 as downbeat Chinese data and concerns of slowing growth in the US Oil's retreat has been caused by a knock of confidence in the fundamentals and with a lack of geopolitical events at the moment, premiums seemed too high especially as US crude stockpiles have reportedly climbed by 1.5 million barrels to 390.4 million. This is the highest since July 1990 before an official report is released tomorrow.
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Recent Updated: 1 month ago - Created by Price Markets - View
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Recent Updated: 7 months ago - Created by Rubber Country - View
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Recent Updated: 1 year ago - Created by Mr China - View
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Recent Updated: 2 years ago - Created by Jim Leis - View
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Recent Updated: 3 years ago - Created by Luka Gubo - View
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