European stocks slip lower; growth concerns return

Investing.com - European stock markets drifted lower Wednesday, paring some of the previous session’s China-inspired gains amid concerns over the region’s growth outlook.The major European indices posted strong gains on Tuesday on the back of the announcement from Beijing of the biggest and broadest stimulus measures to boost the Chinese economy, a major European export market, since the pandemic.

However, investors are now questioning the impact on broader markets given the ongoing worries about the global growth outlook.contracted 0.1% in the second quarter and a downturn in the third would meet the technical definition of a recession - two consecutive quarters of contraction.cut its key interest rates by 25 basis points earlier this month, after a similar move in June, and this slowdown could raise bets on further policy easing in October.

However, this optimism is waning as traders look for more help to boost the economic outlook for the world's largest importer of crude.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.

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