BANGKOK — World shares were mixed on Wednesday after China reported trade data pointing to a further slowing of its recovery from the disruptions of the pandemic.
Germany’s DAX shed 0.3% to 15,937.77 and the CAC 40 in Paris slipped 0.4% to 7,183.35. London’s FTSE 100 was barely changed at 7,626.60.
The future for the S&P 500 was down 0.1% while that for the Dow industrials lost 0.2%. Oil prices advanced.
China reported its exports fell 7.5% from a year earlier in May and imports were down 4.5%, adding to signs of a slowing of its economic recovery following the lifting in December of anti-virus controls that disrupted travel and commerce.
The decline in exports was the first year-on-year drop in in three months, with export volumes falling below their levels at the start of the year. “And with the worst yet to come for many developed economies, we think exports will decline further…
