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World stocks down on China data, weak US sales
Published in Saudi Press Agency on 01 - 12 - 2014

World stocks mostly fell Monday after a gauge of Chinese manufacturing declined and U.S. retail sales fell Thanksgiving weekend, according to AP.
Germany's DAX shed 0.6 percent to 9,922.53 and France's CAC 40 dropped 1.1 percent to 4,343.60. Britain's FTSE 100 shed 1 percent to 6,656.39. Futures pointed to losses on Wall Street. Dow futures fell 0.4 percent to 17,734 and S&P 500 futures dropped 0.5 percent to 2,056.10.
A survey by HSBC Corp. showed Chinese manufacturing activity weakened in November, adding to signs an economic slowdown is deepening. The bank said domestic demand was sluggish and new orders were weak. China's economic growth slowed to a five-year low of 7.3 percent in the latest quarter.
China's Shanghai Composite Index shed 0.1 percent to 2,680.16 while Tokyo's Nikkei 225 added 0.8 to 17,590.10. Seoul's Kospi declined 0.8 percent to 1,965.22. India's Sensex was down 0.4 percent at 28,579.39. Singapore and Sydney also declined.
The U.S. crude benchmark, West Texas Intermediate, tumbled $1.35 to $64.81 per barrel in electronic trading on the New York Mercantile Exchange. The dollar fell to 118.30 yen from Friday's 118.61 yen. The euro rose to $1.2466 from $1.2448.


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