3 things investors need to know from last week!
Stocks slide, weighed down by worries about banks and China:?Stocks sank on Tuesday, set to open in the red after surprisingly weak Chinese trade data and a warning about US bank health sent shivers through markets.?Futures on the Dow Jones Industrial Average (^DJI) fell about 0.5%, or 180 points. Meanwhile, those on the S&P 500 (^GSPC) and the tech-heavy Nasdaq 100 were both down around 0.5%.
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Source: Yahoo Finance
?ECB Says Consumer Inflation Expectations Fell Further in June:?Consumer expectations for euro-area inflation fell in June but remained above the?European Central Bank’s 2% target as officials ponder whether to continue their unprecedented bout of interest-rate hikes.?Expectations for the next 12 months declined to 3.4% from 3.9% in May, the ECB said Tuesday in its monthly survey.
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Source: Bloomberg
?China’s Trade Plunges More Than Forecast in Blow to Recover:?China’s trade plunged in July as slowing global demand clouded the outlook for exports, while domestic pressures weighed on imports in a hit to the economic recovery.?Overseas shipments?dropped 14.5% in dollar terms last month from a year earlier — the worst decline since February 2020 — while?imports?contracted 12.4%, the customs administration said Tuesday. That left a trade?surplus?of $80.6 billion for the month.
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Source: Bloomberg