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Europe Factors to Watch-Shares to fall after weak China trade data
February 9, 2015 / 6:26 AM / 3 years ago

Europe Factors to Watch-Shares to fall after weak China trade data

PARIS, Feb 9 (Reuters) - European stocks were set to retreat on Monday after
data showed China's exports falling 3.3 percent from year-ago levels while
imports tumbled 19.9 percent, far worse than analysts had expected and
highlighting deepening weakness in the world's second biggest economy.
    The slide in imports is the sharpest since May 2009, when Chinese factories
were still slashing inventories in reaction to the global financial crisis.
Exports have not produced a negative annual reading since March 2014.
 
    Financial spreadbetters expected Britain's FTSE 100 to open 30 to 33
points lower, or down 0.5 percent, Germany's DAX to open 81 to 89
points lower, or down 0.8 percent, and France's CAC 40 to open 38 to 39
points lower, or down 0.8 percent.
    
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  MARKET SNAPSHOT AT 0624 GMT: 
                                         LAST   PCT CHG  NET CHG
 S&P 500                             2,055.47   -0.34 %    -7.05
 NIKKEI                              17711.93    0.36 %    63.43
 MSCI ASIA EX-JP                       479.11   -0.61 %    -2.96
 EUR/USD                               1.1327    0.12 %   0.0014
 USD/JPY                               118.81   -0.13 %  -0.1500
 10-YR US TSY YLD                       1.917        --    -0.02
 10-YR BUND YLD                         0.373        --     0.00
 SPOT GOLD                          $1,238.48    0.43 %    $5.26
 US CRUDE                              $52.05     0.7 %     0.36
  > GLOBAL MARKETS-SHARES DIP AS CHINA TRADE STOKES GROWTH WORRIES 
  > US STOCKS-WALL ST ENDS DOWN ON INTEREST RATE, GREECE JITTERS 
  > TOKYO'S NIKKEI SHARE AVERAGE CLOSES UP 0.36 PCT 
  > FOREX-DOLLAR DIPS AFTER JOBS-INSPIRED RALLY, GREECE BACK IN FOCUS 
  > GOLD GAINS ON WEAKER ASIAN SHARES, STILL NEAR 3-WEEK LOW 
  > METALS-LONDON COPPER SLIPS AFTER WEAK CHINA TRADE DATA 
  > OIL STEADIES AFTER WEAK CHINESE TRADE DATA 

 (Reporting by Blaise Robinson)

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