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Disappointing Chinese trade figures fuel fears over global economy – business live

Discussion in 'Market News' started by Lily, Aug 8, 2016.

  1. Lily

    Lily Forum Member

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    Rolling coverage of the latest economic and financial news,


    7.57am BST

    The week is beginning with worrying news from China.

    Chinese exports shrank by 4.4% in July in dollar terms, following a 4.8% decline in June, according to fresh figures from the country’s customs department.

    #China's Jul exports, imports fall more than exp, signaling tepid glo demand & China slowing https://t.co/vdmooiilUT pic.twitter.com/mlKrGlV4cz

    China July trade (USD)
    Trade surplus $52.31b
    Exports -4.4% (est -3.5% prev -4.8%)
    Imports -12.5% (est 7% prev -8.4%) pic.twitter.com/OUF4H2SpMX

    Investors have not paid much consideration to Chinese numbers for some time now, as their attention was very much focused on Brexit and the Fed interest rate. However, the number released over in China has made investors wary once again that the situation both at home and abroad is not improving.

    7.35am BST

    Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.

    Britons are waking up to the news that the bosses of their largest companies have enjoyed another bumper pay rise.

    “There is apparently no end yet in sight for the rise and rise of chief executive pay packages,” said the centre’s director, Stefan Stern. “In spite of the occasional flurry from more active shareholders, boards continue to award ever larger amounts of pay to their most senior executives.”

    Leading company bosses now typically earn 129 times more – including pensions and bonuses – than their employees.

    Related: UK's top bosses received 10% pay rise in 2015 as average salary hit £5.5m

    Our European opening calls:$FTSE 6793 down 1
    $DAX 10383 up 16
    $CAC 4414 up 3$IBEX 8548 up 9$MIB 16644 up 18

    Continue reading...
     

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