Rolling coverage of the latest economic and financial news
The London stock market is open…. and mining stocks are falling, as investors fret about the weakness of China’s eocnomy.
Anglo American are the top faller on the FTSE 100 share index, down 2.2%, extending Friday’s 19% tumble after the company revealed plans to slash mineral production to cut costs and lift profitability.
Hong Kong stocks remain entrenched in a prolonged decline, hurt further by a significant drop in consumer prices in China, marking the steepest decrease in three years.
This development has intensified worries about potential deflation impacting corporate earnings and profit margins, dragging down the region markets in a negative feedback loop.
Continue reading…Rolling coverage of the latest economic and financial newsAverage asking price for home in UK drops by £7,000 in DecemberThe London stock market is open…. and mining stocks are falling, as investors fret about the weakness of China’s eocnomy.Anglo American are the top faller on the FTSE 100 share index, down 2.2%, extending Friday’s 19% tumble after the company revealed plans to slash mineral production to cut costs and lift profitability.Hong Kong stocks remain entrenched in a prolonged decline, hurt further by a significant drop in consumer prices in China, marking the steepest decrease in three years.This development has intensified worries about potential deflation impacting corporate earnings and profit margins, dragging down the region markets in a negative feedback loop. Continue reading…
