LONDON (Reuters) – World stocks slipped after China posted its weakest growth rate in nearly three decades on Friday, while the dollar was set for its worst week in almost four months having been pummeled by pound and euro Brexit rallies. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, October 17, 2019. REUTERS/Staff/File Photo China’s economy grew a slightly less-than-expected 6% in the third quarter, leaving traders hoping that the swift stimulus Beijing and the major global central banks have provided in recent weeks will fend off a more serious downturn. Main European bourses fell a modest 0.1%-0.3% [.EU] after Asia had been led lower by a 1.2% slump in top Chinese shares .CSI300. There was also a sharp reverse in car shares .SXAP after a Renault profit warning. [.EU] “You can’t get away from the fact that China is slowing, but it’s not slowing more than we thought,” said head of global macro strategy at State Street Global Markets Michael Metcalfe. “We know that Q4 is going to be a soft patch, but to a degree policymakers are ahead of this, so as long as we don’t have an… Read full this story
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