FX & CFD trading involves significant risk
Stock indices closed lower due to the IMF's economic growth cut and disappointing German industrial production. The International Monetary Fund (IMF) cut its forecast for global economic growth to 3.3% in 2014, down from a previous forecast of 3.4%. 2015 forecast was lowered to 3.8%, down from a previous forecast of 4.0%.
German industrial production declined 4.0% in August, missing expectations for a 1.4% decrease, after a 1.6% rise in July. That was the largest drop since 2009.
July's figure was revised down from a 1.9% gain.
Indexes on the close:
Name Price Change Change %
FTSE 100 6,495.58 -68.07 -1.04 %
DAX 9,086.21 -123.30 -1.34 %
CAC 40 4,209.14 -77.38 -1.81 %
|remaining time till the new event being published|
All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.