Stocks fall on discouraging news from Asia

China's official 2014 economic growth target associated with 7.5 percent, announced last week simply by Premier Li Keqiang, assumes trade additionally will grow simply by 7.5 percent. Hong Kong's Hang Seng dropped 1.8 percent. the Dow Jones industrial typical fell 113 points, or 0.7 percent, to be able to 16,339. However customs data show mixed imports and exports to date this coming year have shrunk by 4.8 percent.
CHINA WORRIES: China's exports slumped 18 percent in February, reinforcing fears concerning the outlook for the world's second-largest economy following your United States. Your CAC-40 within France edged up 0.5 percent.

SEPARATE WAYS: Chemical company FMC promises to separate into a couple of publicly traded companies. Germany's DAX fell 0.3 percent.

EUROPE: the FTSE one hundred index regarding leading British shares ended up being barely changed. Your world's largest hamburger chain ended up being furthermore hindered through difficult winter conditions within January.
BOND WATCH: The Actual yield around the 10-year Treasury note slipped for you to 2.78 percent through 2.79 % as investors moved money directly into bonds. The Actual company said that an integral sales metric dropped 1.4 % in the U.S. Chiquita rose $1.33, or perhaps 12.2 percent, in order to $12.15.
IN THE RED: the downbeat economic document from China has been hurting several market sectors heavily reliant about Chinese economic growth, inside particular: materials, mining equipment, power as well as industrials, which in turn led the decline inside the 10 sectors with the S&P 500 index. FMC rose $3.81, as well as 4.9 percent, for you to $81.68. Eastern Time.

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ASIAN MARKETS: Earlier throughout Asia, Japan's Nikkei 225 closed down one percent as well as China's Shanghai Composite plunged 2.9 percent. Their Own trade numbers were quite disappointing and also that's traveling the market lower," said David Chalupnik, head regarding equities pertaining to Nuveen Asset Management.

JAPAN TOO: Meanwhile, Japan, the world's third-largest economy, reported a record present account deficit pertaining to January as well as lowered its economic growth estimate for the October-December quarter to 0.7 percent from one percent.


FROZEN ARCHES: McDonald's fell 46 cents to be able to $95.04. Your Nasdaq composite lost 25 points, or perhaps 0.6 percent, in order to 4,311.
KEEPING SCORE: The Actual standard & Poor's 500 index fell 10 points, as well as 0.5 percent, in order to 1,867 at 11:03 a.m. The Particular stock-for-stock transaction announced Monday results in a global banana and also fresh produce business along with $4.6 billion in annual revenues. final month, which McDonald's attributed for you to severe winter weather. A New notable mover has been Malaysia Airlines, that fell sharply following the actual disappearance of 1 its jets en route to Beijing. the "New FMC" will range from the agricultural and also health insurance and nutrition businesses, while "FMC Minerals" will include the present minerals segment which houses the particular alkali chemicals and also lithium businesses.

TOP BANANA: Chiquita agreed in order to combine using Dublin-based Fyffes for you to end up being the world's leading banana company.

Stocks fall about discouraging information through Asia -

THE QUOTE: "The driver this morning continues to be the economical figures coming out of China. Your yield, which in turn affects rates upon mortgages as well as other consumer loans, has been rising steadily this month from a low involving 2.60 % in March 3

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