London — World stocks stumbled to three-week lows on Thursday and developed market bond yields dipped, after Chinese data showed a sharp decline in exports, reviving concerns about the health of the world’s second-biggest economy. Riskier assets have had a difficult few weeks, undermined by concern about a potential rise in US interest rates, the outcome of US elections, Britain’s departure from the EU and the health of German and Italian banks. Asia’s markets suffered falls overnight after data showed Chinese imports in dollar terms were back in contractionary territory in September, while exports dropped by a sharper-than-expected 10%. Europe opened with a thud too, with falls of 0.7%-1.3% for Britain’s FTSE, Germany’s DAX and France’s CAC pulling the pan-regional STOXX 600 down for a third consecutive day and the sixth day in the past seven. "We have got a stronger dollar and that is the market now pricing in the likelihood of a December US fed rate hike," said Rabobank currency ...
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