China data drives early gains in European stocks

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European shares inched higher on Monday as a decline in China's producer prices slowed and oil prices rose, while investors looked to Washington for signs of more U.S. stimulus.

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, August 6, 2020. REUTERS/Staff

- European shares inched higher on Monday as a decline in China’s producer prices slowed and oil prices rose, while investors looked to Washington for signs of more U.S. stimulus. The pan-European STOXX 600 index rose 0.3% by 0712 GMT, kicking off a week that could see subdued trading activity as traders head out for summer holidays.

Sectors considered more sensitive to economic health such as banks .SX7P, oil and gas .SXEP and automakers .SXAP rose as data showed China’s factory deflation eased in July, driven by a rise in global oil prices and as industrial activity climbed back towards pre-coronavirus levels.

 

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Como?china da💰💰💰💰en acciones de Euros como es eso?....

China demoralized the world. Hurts everyone economy. HALTED THE WHOLE WORLD - so yeah, I can see that happening

中国人こわい、あ、韓国だと右が左で左が右だから気をつけてネ。民主化愛国者を左翼、アカってレッテルはって黙らせる。それやるやつは、中国人でなく韓国人。おまえがわるい、は中国人。

I'm not surprised... Could it be that China engineered a situation that will open a path to global leadership?

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