European stocks and U.S. equity futures struggle with oil under pressure and China growth slowing

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Stocks in Europe were under pressure as energy names and travel stocks fell, with China data and weak oil prices in focus for investors. U.S. futures were...

European stocks mostly fell on Wednesday as oil prices dropped and investors weighed up a slowing of growth in China. U.S. equity futures were mixed as investors mulled dovish comments from Federal Reserve Chairman Jerome Powell.

Shares of heavily weighted energy stocks fell, with TotalEnergies TTE, -1.46%, BP BP, -1.37% BP, -2.28% and Royal Dutch Shell RDSA, -1.94% RDS.A, -0.92% and Repsol REP, -2.02% stock all down between 1% and 2% each. Investors were also focused on China economic data, after growth slowed to 7.9% over a year earlier in the three months ending in June as a strong rebound from the coronavirus appeared to be normalizing. Asian stocks had a mixed session, with the Nikkei 225 NIK, -1.15% dropping 1.15%, but the China CSI 300 index 000300, +1.35% rising 1.35%.

 

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