FTSE 100 Declines As Commodity Stocks Drag
(RTTNews) - U.K. stocks fell on Wednesday as weak Chinese data rekindled fears of an economic downturn in the world's second-largest economy.
Official data showed earlier today that Chinese exports growth slowed sharply in August amid softening global demand.
Overseas shipments rose an annual 7.1 percent, compared to 18 percent growth in July, China's General Administration of Customs said.
Imports growth slowed to 0.3 percent from 2.3 percent in July, adding to worries over a possible global recession.
The benchmark FTSE 100 fell 63 points, or 0.9 percent, to 7,237 after rising 0.2 percent in the previous session.
Miners Anglo American, Antofagasta and Glencore dropped 1-2 percent on concerns over demand outlook.
Oil & gas firm BP Plc and Shell both fell around 1 percent as oil prices hit seven-month lows on demand worries.
James Fisher, a provider of marine engineering services, plunged 5.7 percent after posting a fall in interim profit.
Housebuilder Barratt Developments declined 1 percent despite posting record annual results.
U.S. Consumer Prices Increase In Line With Estimates In July
German Unemployment Exceeds 3 Mln
U.S. PCE Price Index Increased In Line With Estimates In July
Slightly Weak Start Seen For U.S. Stocks; PCE Data In Focus
Lower Futures Pointing To Weak Start On Bay Street; Canadian GDP, US PCE Data In Focus
Pound Slides Against Majors
FTSE 100 Weak Again, Looks Headed For Weekly Loss
