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European stocks weaken; U.K. retail sales slump By Investing.com

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European stocks weaken; U.K. retail sales slump

is also due to offer some insight into the thinking of the bloc's monetary policymakers in a podcast.

European Central Bank President Christine Lagarde hinted that the central bank would pause its more than year-long rate-hiking campaign in September, but a further rise by year-end is still on the cards with inflation running hot.Still, a lot of the wider focus remains on the economic slowdown in China, with Chinese property developer China Evergrande filing for Chapter 15 protection in a U.S. bankruptcy court overnight.

The country’s property sector has had a torrid week, prompting the People’s Bank of China to say it will continue to pump up liquidity conditions after an emergency rate cut earlier this week.

 

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