Bloomberg News

Stocks in Europe Resume Their Drop After China’s Exports Trail Forecasts

March 12, 2012

European stocks resumed a retreat as data today showed that China’s exports grew at a slower pace than forecast. U.S. futures and Asian shares also fell.

The Stoxx Europe 600 Index lost 0.3 percent to 264.62 at 12:13 p.m. in London after briefly erased losses. Futures on the Standard & Poor’s 500 Index expiring in June fell 0.2 percent today and the MSCI Asia Pacific Index lost 0.6 percent.

China reported its biggest trade deficit last month since at least 1989. The data adds to reports last week on factory output and retail sales that signaled slowing growth for the world’s second-biggest economy.

To contact the editor responsible for this story: Sarah Jones at sjones35@bloomberg.net


Toyota's Hydrogen Man
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus