China export data weighs on global markets

 

U.S. stocks are pointing lower this morning as concerns over the Chinese economy grow. The S&P 500 is down 0.33% and the Dow is down 0.26%.

Asian markets finished mixed Tuesday after China posted disappointing trade data. The Nikkei was down 0.76% while the Shanghai was up 0.14%.

European stocks are down today as a fall in commodity shares weighs on markets. The FTSE is down 0.34%, while the DAX is down 0.28%.   

Energy futures are rising today. The price for West Texas Intermediate crude oil is up $0.29 to $38.19 per barrel, while natural gas is up $0.03 to $1.72. Metals prices are higher. Gold is up $10.50 to $1,274.50 per ounce and platinum is up $2.60 to $1,004.60 an ounce. The Dollar is down versus the Euro and the Yen.

SunEdison, Inc.  (SUNE), TerraForm Power, Inc.  (TERP), and Linn Energy, LLC  (LINE) are early risers, while Shake Shack Inc.(SHAK), SeaDrill Limited (SDRL) and Dick’s Sporting Goods Inc.   (DKS)are down. [InvestorsKeyhole, news and data sources]

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