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Tag: worries

Europe stocks slide amid growing recession worries; LVMH shares fluctuate after 'fat finger' trade

Europe stocks slide amid growing recession worries; LVMH shares fluctuate after 'fat finger' trade

Finance
European shares were lower on Monday morning, amid rising fears of an impending recession in the U.S. The pan-European Stoxx 600 began the session around 0.6 percent lower, with most sectors and major bourses in the red. France's CAC index was the worst performer in early deals, falling 1 percent. Market jitters have grown recently over increasing signs of slowing economic growth and a possible recession. German manufacturing contracted for the third month in a row, IHS Markit data showed Friday, dragging the yield on the 10-year bond into negative territory for the first time since October 2016. ...
The week ahead: Jobs report needs to silence rising worries about the economy

The week ahead: Jobs report needs to silence rising worries about the economy

Finance
Job growth has remained vibrant despite the slow-growing economy, and that's a trend investors are anxious to see confirmed in the February employment report on Friday. Even with some economists expecting growth around 1 percent for the first quarter, the labor market has been strong, and economists expect to see 185,000 jobs added in February. The economy is widely expected to bounce back in the second quarter to a pace well above 2 percent, after the temporary headwinds from the government shutdown and polar vortex abate. The jobs data tops the list of important economic news in the week ahead, particularly after a string o...
International worries as China's consumption and economy slows

International worries as China's consumption and economy slows

Business
Picture China's economy and you might be thinking of massive factories, gigantic airports or train stations built from scratch in 24 hours. For another view, you could follow Xu Liqiang as he threads the streets of Beijing in a beaten-up tuk-tuk (motorised rickshaw).Xu is 21 years old and a "kuaidi" (express delivery) driver. Each day 100 million packages are delivered in China and they're delivered by people like him. It's part of a boom in Chinese consumption that has driven growth in global GDP over the last decade.But today, work is slow. "After Double Eleven [an online shopping festival], the packages have been getting less and less with time," he tells me.Xu lives in a dormitory provided by his employer with three other kuaidi drivers. He moved to Beijing from Shanxi ...
Chinese unemployment worries are growing as Beijing beefs up stimulus

Chinese unemployment worries are growing as Beijing beefs up stimulus

Finance
Beijing is working hard to stop a slowing Chinese economy from hitting its workforce. In the last several weeks authorities have made a flurry of announcements, including tax cuts, monetary policy loosening and plans to support public spending. The push comes as economic data points to sagging domestic growth and the U.S. looks set to keep up the pressure on trade. Amid that environment, worries of widespread job losses won't help the already gloomy sentiment that's giving consumers a second thought on spending. The overarching worry for China's leaders is that unemployment could lead to social unrest, and deeper questioning ...