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Global Markets Hit New Record High As China Concerns Ease

Global Markets Hit New Record High As China Concerns Ease
zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.

Japan s May factory output records biggest drop in a year

3 Min Read TOKYO (Reuters) -Japan’s industrial output posted the biggest monthly drop in a year in May, as a sharp fall in car production threatened to undermine the country’s economic recovery just weeks before Tokyo is set to host the Olympic Games. FILE PHOTO: Smoke rises from a factory during the sunset at Keihin industrial zone in Kawasaki, Japan, January 16, 2017. REUTERS/Toru Hanai/File Photo The world’s third-largest economy will likely grow at a much slower pace than initially thought in the current quarter in part due to weakness in consumer spending, a poll by economists showed this month.

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