European stocks rebound, Asia mixed after weak China data

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.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

eNCA /  🏆 49. in NL

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

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.
Lees verder »

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.
Lees verder »