Global stocks mostly slide after disappointing Chinese data
|Report an Error|
Share via Email
TOKYO — Global stocks mostly fell on Tuesday as investors watched for tax reform developments in the U.S. and digested weak manufacturing data from China.
KEEPING SCORE: France's CAC 40 shed 0.3
DATA WATCH: Economic growth figures were upbeat for Italy and Germany, which saw growth accelerate to a quarterly 0.8
ANALYST VIEWPOINT: "Risk appetite was . dithering," analysts from Mizuho Bank Ltd. said in a commentary. "The mood is certainly nowhere near the exuberance earlier this year."
U.S. TAXES: The fate of U.S. tax overhaul legislation remains uncertain. It would deeply cut corporate taxes, double the standard deduction used by most Americans, and limit or repeal completely the federal deduction for state and local property, income and sales taxes. It carries high political stakes for President Donald Trump and Republican leaders in Congress.
ASIA'S DAY: Japan's Nikkei 225 stock index was flat to finish at 22,380.01 after trading in a narrow margin. Hong Kong's Hang Seng index was nearly unchanged at 29,154.01, down 0.1
ENERGY: Benchmark U.S. crude lost 31 cents to $56.45 per barrel in electronic trading on the New York Mercantile Exchange. It gained 2 cents on Monday. Brent crude, used to price international oils, slipped 33 cents to $62.83 a barrel in London.
CURRENCIES: The dollar rose to 113.60 yen from 113.30 yen on Friday, while the euro strengthened to $1.1742 from $1.1656 on the back of the upbeat economic growth figures.
AP Business Writer Yuri Kageyama can be reached at https://twitter.com/yurikageyama
Her work can be found at https://www.apnews.com/search/yuri%20kageyama