Global market gloom; '21' Club sold; Pound pressured [CNN]
IHS Markit Ltd. Common Shares (INFO)
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Source: CNN
London (CNN Business) 1. Global gloom: Seasonal cheer is in short supply after weak economic data from Japan, China and Europe sent shivers through global markets. A quarterly survey of business confidence by the Bank of Japan showed companies expect conditions in the world's third biggest economy to worsen in the months to come. There was also a slew of disappointing Chinese data, including industrial production and retail sales, that showed the giant economy lost more steam in November. The latest data show an economy that is under pressure on both the external and domestic front, with policy efforts to shore up growth still falling short, said Julian Evans-Pritchard, senior China economist at Capital Economics. And in Europe, a survey of purchasing managers indicated that growth in business activity in the countries using the euro slowed in December to its weakest level in over four years. Companies are worried about the global economic and political climate, with trade
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