WTO cuts 2016 world trade growth forecast to 1.7 percent, cites wake-up call (news: 27/09/16)

Posted On 27 Sep 2016

Today’s Press

WTO cuts 2016 world trade growth forecast to 1.7 percent, cites wake-up call

The new figure of 1.7 percent, down from the WTO’s previous estimate of 2.8 percent in April, marked the first time in 15 years that international commerce was expected to lag the growth of the world economy, the trade body said.

Trade body predicts ‘growth slowdown but not outright recession’ for UK in 2017

The UK economy is expected to escape a post-referendum recession, according to the World Trade Organisation (WTO), but the group forecasts that world trade will expand at its slowest pace since the financial crisis.

European Stocks Slide

In Europe, France’s CAC-40 rose 0.6 percent to 4,381 while Germany’s DAX fell 0.9 percent to 10,305. The FTSE 100 index of leading British shares was 0.3 percent lower at 6,796. Wall Street was poised for a fairly steady opening with Dow futures and the broader S&P 500 futures up 0.2 percent.

Next Trading Day’s Important Events

15:30 (GMT+3) US durable goods orders

16:30 (GMT+3) ECB’s Draghi speaks

17:00 (GMT+3) Fed’s Yellen speaks

Forex Quotes:

USDJPY: 100.33

EURUSD: 1.1209

Indices:

S&P 500: 2,147.10

NASDAQ : 5,267.32

Source:: WTO cuts 2016 world trade growth forecast to 1.7 percent, cites wake-up call (news: 27/09/16)

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