European stocks fall as recession fears overshadow China reopening cheer

📆 2022/06/29 21:15:00

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European shares fell on Wednesday, as fears about a global recession overshadowed recent optimism about China reopening after months-long lockdowns, with investors looking ahead to a meeting of major central bank heads for clues on policy outlook.

📆 2022/06/29 21:15:00
📰 Reuters

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"The market is still panicking about inflation and growth weakening and as a result of that every bounce is short lived," said Chris Beauchamp, chief market analyst at online trading platform IG.

The STOXX 600 has shed more than 15% this year and set for its worst quarter since the COVID-19 led carnage in 2020, as uncertainty about Russia-Ukraine war, soaring price pressures and central bank policy moves to tame it dampen risk appetite.

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