Stock markets move cautiously higher as yuan steadies
European stocks follow Asian markets higher, however, investors have run for the safety of bonds as fears of a global recession grow
08 August 2019 - 12:00
London — Stock markets enjoyed a tentative recovery on Thursday after better-than-expected Chinese export data and a steadying of the yuan restored some calm to global markets.
European markets followed Asia higher in early trade, helped by data showing Chinese exports rose 3.3% in July from a year earlier, beating an expected decline of 2%. Chinese imports fell by less than forecast, despite the China-US tariff struggle...
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