Asian stocks retreat as lacklustre China, U.S. data weigh [Reuters (UK)]
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Source: Reuters
Asian stocks retreat as lacklustre China, U.S. data weigh | Reuters 5 Min Read TOKYO (Reuters) - Asian stocks fell on Friday, retreating from four-month highs after data out of China raised concerns over deflationary pressures building in the world’s second biggest economy. The bearish impulse appeared likely to be passed on to European stocks, with spreadbetters expecting Britain’s FTSE to open 0.1 percent lower, Germany’s DAX 0.3 percent down and France’s CAC 0.2 percent down. Data released on Friday showed China’s factory-gate inflation slowed for a seventh straight month in January to its weakest pace since September 2016 amid cooling domestic demand. The broader equity markets had already been under pressure after Thursday’s weak U.S. retail sales figures triggered fresh doubts about the strength of the world’s largest economy. That offsetting some cautious optimism over trade talks in Beijing between the United States and China. Also casting a shadow, the White House said U.S. P
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