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.
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