Stock market today: World shares fall as China reports weaker global demand hit its trade in August

World shares slipped as China reported weaker exports in August, adding pressure on its slowing economy.
China's exports fell 8.8% in August from a year earlier, while imports fell 7.3%, smaller drops than in July.
U.S. futures and oil prices also fell, with the S&P 500 and Dow futures down slightly.
The dominant economic themes remain high inflation and interest rates, which the Fed has hiked to curb prices.
Strong U.S. services data showed resilient growth but is considered "bad news" by stirring inflation worries, sending Treasury yields higher.

qz.com

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Posted 9/7/2023, 6:46:22 AM