- Asian, European, and US stocks retreated on Thursday morning as markets digested disappointing economic data out of Germany, France and South Korea.
- South Korea’s economy shrunk 0.3% in the first quarter, while German business sentiment and French manufacturing confidence both weakened in April.
- “The cautious mood from Asia is likely to roll over into Europe, and possibly Wall Street this afternoon, as investors adopt a guarded approach to riskier assets,” said Lukman Otunuga, research analyst at FXTM.
Source: World stocks are slumping as bad economic data point to a global slowdown
