News Formal

European Stocks Slip as Weak China Data Weighs on Luxury Sector

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

(Bloomberg) -- European equities were trading slightly lower as disappointing China data dragged down luxury stocks, outweighing a broad rally in the financial sector.Most Read from BloombergHuawei Teardown Shows Chip Breakthrough in Blow to US SanctionsWhy China Is Avoiding Using ‘Bazooka’ to Spur EconomyChina Slowdown Means It May Never Overtake US Economy, Forecast ShowsOpenAI CEO Sam Altman First Person to Get Indonesian Golden VisaThe Stoxx Europe 600 declined 0.2% by 12:16 p.m. in London a

The Stoxx Europe 600 declined 0.2% by 12:16 p.m. in London as soft Chinese services PMI data hurt sentiment toward sectors most exposed to the country. LVMH, Richemont and L’Oreal were among the names trading in the red. The regional benchmark dropped as much as 0.8% earlier.

China-exposed companies’ weak performance this month follows a dismal August, when worries about the Asian nation’s growth were accompanied with concerns that interest rates will peak at higher-than-expected levels. Investors are also fretting about slowing growth in the region accompanied by inflation remaining above the European Central Bank target.

ECB President Christine Lagarde, meanwhile, avoided giving an indication on whether the European Central Bank will raise or hold interest rates next week as she delivered a speech in London on Monday.

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:

 /  🏆 47. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

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 rise on China optimism; Novo Nordisk scales new peak(Reuters) - European shares rose on Monday, echoing an upbeat mood in Asia as investors were optimistic that a series of stimulus from China will ...
Bron: SaltWire Network - 🏆 45. / 63 Lees verder »

European Stocks Hold Steady as China Stimulus Lifts MinersEuropean equities held steady as fresh Chinese stimulus measures aimed at supporting the country’s beleaguered property sector boosted miners and travel sectors, though worries over slowing economic growth kept gains in check.
Bron: BNNBloomberg - 🏆 83. / 50 Lees verder »

European Stocks Decline as Weak China Data Weighs; Luxury SlidesEuropean equities fell at open on Tuesday as disappointing China data added to concern over the nation’s fragile economic recovery, weighing on stocks strongly exposed to the market.
Bron: BNNBloomberg - 🏆 83. / 50 Lees verder »