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The World Trade Organization reported that the index, reflecting the state of global trade, fell to its lowest level since 2010, amounting to 96.3 points. The WTO develops the index, taking into account data from world trade, export orders, container shipping and indicators of the automotive industry. Its value suggests that the growth rate of world trade will slow down in the first quarter of this year. The organization warns that this forecast suggests that a wider economic downturn can be expected, and indicates the need to reduce trade disputes. According to WTO estimates, global trade in 2019 will slow growth to 3.7% from the expected 3.9% in 2018.
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
On Friday, Axios Media Inc. reported a document acquired by tech watchdog group Tech Transparency Project which indicates that multiple U.S. states were investigating Apple (AAPL) due to deceptive trade practices. According to the report, ...
China saw positive customs data on Tuesday, raising hopes that the world’s second-largest economy is on the way to recovering from the COVID-19 pandemic. Exports for June rose 0.5% year-on-year compared to an analysts’ forecast ...
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