Investing.com - European stock markets traded marginally lower Friday, as investors digested lackluster British growth data ahead of key US bank earnings and a highly-anticipated Chinese fiscal policy briefing.rose by 0.2% in monthly terms in August, in line with expectations, and after no growth in the previous two months.
The data “lends some support to our view that a mild slowdown in GDP growth in the second half of this year is more likely than another recession,” said analysts at Capital Economics, in a note.meets next week, and is expected to ease policy once more, especially as inflation in the eurozone’s largest economy is now below its medium-term target.
China is a major export market for a number of Europe’s major companies, and its economy has been struggling in the face of sluggish consumer spending and a real estate crisis.) stock fell almost 1% after the energy giant stated that it expects third-quarter output to be “broadly” flat, while net debt at the end of the quarter is now expected to be higher.
Additionally, traders remained on edge over a potential escalation in the conflict in the Middle East, especially if Israel targets Iran’s oil facilities.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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