European stocks rebound, Asia mixed after weak China data

  • 📰 eNCA
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

European stock markets rebounded on Wednesday as bank shares recovered and after a mixed showing in Asia.

Data revealed China slipped into deflation, compounding worries about the world's second-biggest economy after the United States.

"Chinese economics dominates the headlines," noted Steve Clayton, head of equity funds at Hargreaves Lansdown. The 0.3-percent drop in China's July consumer prices was the first since the start of 2021 and comes as slowing domestic spending weighs on the country's economic recovery. An extended period of disappointing indicators out of Beijing this year has ramped up pressure on authorities to provide much-needed support to the economy.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 49. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

European stocks outperform as Italy soothes bank tax nervesGlobal stocks rose on Wednesday, with European equities outperforming as Italy soothed market nerves about a windfall tax on bank profits and Wall Street stock futures pointing to a minor gains ahead of Thursday's U.S. inflation data.
Source: ReutersAfrica - 🏆 31. / 53 Read more »

International Finance: HSBC executive slams ‘weak’ UK for siding with US against ChinaHSBC Holdings Plc’s head of public affairs criticised the US for strong-arming the UK into cutting back business dealings with China and accused the British government of being “weak” for going along with it.
Source: dailymaverick - 🏆 3. / 84 Read more »