From Yahoo Finance: 2024-04-16 04:32:16

The FTSE 100 and European stocks dropped despite China’s GDP growing 5.3% in Q1. UK unemployment rose to 4.2% in the three months to February. Superdry shares fell 34% after delisting plan. Geopolitical tensions and concerns of central banks cutting rates dampen investor risk appetite. Wall Street set to open lower. Asia and US stocks slump, with Nikkei falling 1.9%. UK unemployment climbs to 4.2%, with 850,000 more out of work. Pay growth at 6% falls to more reasonable levels. Follow for live updates on global markets and economy. Coming up: trading updates, UK unemployment report, and more economic data releases today.



Read more at Yahoo Finance: European stocks slump as China growth fails to cheer traders