Stock markets retreat as China data disappoints
London (AFP) Dec 16, 2024
Major stock markets and oil prices retreated Monday after an unexpected slowdown in retail sales reinforced worries about China's struggling economy. The dollar mostly rose as traders looked ahead to interest-rate decisions this week from the US Federal Reserve, Bank of Japan and Bank of England. Bitcoin hit a new record high at $106,493.43. "China remained the central focus for Asia
Major stock markets and oil prices retreated Monday after an unexpected slowdown in retail sales reinforced worries about China's struggling economy. The dollar mostly rose as traders looked ahead to interest-rate decisions this week from the US Federal Reserve, Bank of Japan and Bank of England. Bitcoin hit a new record high at $106,493.43. "China remained the central focus for Asia
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