Global Stocks Open 2019 With a Tumble Over Weak Chinese Data
Global stock markets fell on the first trading day of 2019 on deepening fears of a slowdown in the Chinese economy, extending a turbulent period for equities. The Stoxx Europe 600 was down 1% in Wednesday midmorning trade. France’s CAC 40 lost 1.8% and the U.K.’s FTSE 100 fell 1%. U.S. stock futures pointed to opening falls of 1.4% and 1.5% for the S&P 500 and the Dow Jones Industrial Average, respectively.