Chinese Export Data Calms Double-Dip Fears
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 11/4/2026
- Wall Street ends higher after Democrats win Congress; data center stocks tumble
- What the Democratic sweep in the midterms means for markets
- SpaceX, Tesla slide as election risks mount, Morgan Stanley turns bullish
- CVS Health plans to split into two public companies by 2028
- AI sector outlook darkens as Democrat wins threaten $900B capex cycle
Tweet
Share
E-mail
Export data in China suggests that the European debt crisis is not slowing down the global recovery and is calming fears of double-dip recession.
Chinese exports in May grew 50 percent year-over-year, according to reports from Reuters citing sources. This was much better than the 32 percent rise economists had been expecting. More expansive export data will be official released on Thursday.
The news boosted shares in China and Europe and has translated into gains in U.S. markets.
The Dow is up 30 points, the Nasdaq is up 8 and the S&P 500 is up 4.
In Europe the FTSE 100 is up 17 points, the DAX is up 74 and the CAC 40 is up 33.
In China, the Hang Sang index closed up 134 points, or 0.7%.
Chinese exports in May grew 50 percent year-over-year, according to reports from Reuters citing sources. This was much better than the 32 percent rise economists had been expecting. More expansive export data will be official released on Thursday.
The news boosted shares in China and Europe and has translated into gains in U.S. markets.
The Dow is up 30 points, the Nasdaq is up 8 and the S&P 500 is up 4.
In Europe the FTSE 100 is up 17 points, the DAX is up 74 and the CAC 40 is up 33.
In China, the Hang Sang index closed up 134 points, or 0.7%.
You May Also Be Interested In
- Apple shares slip amid guidance for tightening margins, slowing services growth
- Global S&P Futures up in premarket
- Goldman Sachs Updates US Conviction List Directors' Cut
Create E-mail Alert Related Categories
General NewsRelated Entities
Citi, Standard & Poor'sSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
