Weak China data, stronger dollar send global stocks skidding (news: 13/10/16)

Posted On 13 Oct 2016

Today’s Press

Deutsche Bank Said to Implement Hiring Freeze as CEO Cuts Costs

Deutsche Bank AG is implementing a companywide hiring freeze as Chief Executive Officer John Cryan seeks to lower costs and shore up investor confidence, according to people with knowledge with of the matter.

China tops US in numbers of billionaires

Property magnate Wang Jianlin of Dalian Wanda tops the list of 594 billionaires in the country, ahead of 535 billionaires in the US.

Weak China data, stronger dollar send global stocks skidding

World stocks stumbled to three-week lows on Thursday and developed market bond yields dipped, after Chinese data showed a sharp decline in exports, reviving concerns about the health of the world’s second-biggest economy.

Next trading day’s important events

04:30 (GMT+3) Chinese CPI

15:30 (GMT+3) US retail sales

17:00 (GMT+3) Yellen speaks

Forex Quotes:

USDJPY: 103.80

EURUSD: 1.1032

Indices:

S&P 500: 2,139.17

NASDAQ : 5,239.02

Source:: Weak China data, stronger dollar send global stocks skidding (news: 13/10/16)

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