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European stocks weaken; manufacturing PMI data disappoints By Investing.com

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⚠️BREAKING: *EUROPEAN STOCKS SINK ACROSS THE CONTINENT AS MANUFACTURING PMI DATA DISAPPOINTS 🇪🇺🇩🇪🇫🇷🇮🇹🇪🇸🇳🇱🇬🇧

Data from China earlier in the session showed the

fell to 49.2 in July from 50.5 in June, indicating that factory activity in the second largest economy in the world contracted in yet another sign of the country’s post-pandemic recovery's struggles.fell for the first time in two years, coming in 0.1% lower in July than in June, while annual inflation dropped to 7.6% in July from 8.4% the prior month.

The Asia-focused bank also raised its near-term return on tangible equity goal, a key performance target. BP stock rose 2% after the oil major raised its dividend and announced a share buyback despite an earnings drop, while

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