Global Markets: Chinese GDP slows to nearly 30-year low

By MarketsFarm

WINNIPEG, July 15 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

– Chinese economic growth slowed to its weakest pace in nearly thirty years during the past quarter, according to updated data out of the country. The gross domestic product increased by 6.2 per cent during the April to June period, which was the lowest since data started being recorded in 1992.

– Farmers in Italy are opposed to a trade deal between the European Commission and the South American Mercosur group, according to Italy’s agriculture minister.

– Another Canadian has been detained in China on drug charges, China’s Foreign Ministry confirmed on Monday.

– U.S. President Donald Trump is facing international criticism following a series of racist tweets over the weekend asking four Democrat Congresswomen – “Why don’t they go back and help fix the totally broken and crime infested places from which they came.” Trump doubled-down on Monday, seemingly claiming that the women-of-colour he was attacking, three of whom were born in the U.S., were the ones spewing ‘racist hatred.’

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