Global economic fears mount as US job growth stalls and Chinese exports tumble – as it happened
America’s non-farm payroll only rose by 20,000 in February, much weaker than expected, and the lowest monthly growth in almost 18 months
- Norway to stop investing in exploration and production firms
- Chinese exports plunged 20% in February
- China’s stock market slides, Europe down too
Time for a quick recap.
Unexpectedly weak US job figures, and a shock tumble in Chinese exports, have reignited concerns that the global economy is weakening.
Oil has also had a bad session, with Brent crude dropping more than 2% to $64.83 per barrel.
That reflects concerns that the global economy is running out of juice.
A weaker tone for #Oil prices as worse than expected Chinese trade data renews concerns over economic slowdown,the small corrective rebound attempted yesterday by #CAD has been halted,w/a further losses likely if data disappoints.Get your update here: https://t.co/5ZsyqquRiO $CAD pic.twitter.com/e6oe6ZeEze