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Tuesday, December 9, 2014

Weak data from China & Germany spook markets

European stocks fell for a second day as German imports and exports contracted in October, while Tesco (OTCPK:TSCDF, OTCPK:TSCDY) and energy companies plunged. German October imports slid 3.1% from a month earlier, while exports fell 0.5%. Snapping a world-beating rally, highly volatile Chinese stocks tumbled the most since August 2009, with the Shanghai Composite Index closing down 5.4% at 2,856.27 after earlier gains of as much as 2.4%.

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