China, rate woes send European stocks to one-month lows

Sept 25 - European shares closed at their weakest level in over a month on Monday as worries about interest rates staying elevated for longer and a slowing Chinese economy dented the mood.

Miners slid 0.8% as metal prices weakened on higher inventories and fears of a higher-for-longer global interest rate regime. "A fresh climb in yields only adds to the stock market's woes, as investors come to realise that when Powell says 'higher for longer', he really means it." Germany's DAX shed 1.0%, with latest data showing German business morale deteriorated in September, falling for a fifth month in a row.

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