{"id":133663,"date":"2023-07-24T05:39:10","date_gmt":"2023-07-24T05:39:10","guid":{"rendered":"https:\/\/fin2me.com\/?p=133663"},"modified":"2023-07-24T05:39:10","modified_gmt":"2023-07-24T05:39:10","slug":"european-shares-edge-lower-on-china-growth-concerns","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/european-shares-edge-lower-on-china-growth-concerns\/","title":{"rendered":"European Shares Edge Lower On China Growth Concerns"},"content":{"rendered":"

European stocks traded lower on Monday after data showed the Chinese economy<\/span> grew just 0.8 percent in the June quarter, down from 2.2 percent in the first three months of 2023.<\/p>\n

Other reports on industrial output, retails sales, fixed asset investment and unemployment proved to be a mixed bag, raising concerns about an uneven economic recovery in the country.<\/p>\n

Elsewhere, data out of U.K. showed the average price of property coming to market fell by \u00a3905 to \u00a3371,907 this month due to rising mortgage costs, property listing platform Rightmove said. <\/p>\n

The pan European STOXX 600 was down 0.4 percent at 458.80 after closing 0.1 percent lower on Friday. <\/p>\n

The German DAX slipped 0.3 percent, France’s CAC 40 fell nearly 1 percent and the U.K.’s FTSE 100 was down 0.2 percent. <\/p>\n

Eurozone bond yields treaded water while the dollar index stabilized after having fallen over 2 percent last week to touch its weakest level since April.<\/p>\n

Miners Anglo American, Antofagasta and Glencore lost 2-3 percent in London on China recovery concerns, while housebuilders Barratt, Persimmon and Taylor Wimpey all were down around half a percent.<\/p>\n

Costain Group shares jumped 5 percent. The engineering and construction company announced that United Utilities Group PLC, a water service provider in U.K., has extended the contract for a further two years from May 2024 to May 2026. Shares of the latter were up 1.2 percent.<\/p>\n

Ladbrokes-owner Entain declined 1.3 percent after it agreed to acquire U.S.-based Angstrom Sports for 122 million pounds ($159.5 million).<\/p>\n

China-related luxury-goods makers such as Kering, Hermes and LVMH fell between 1.5 percent and 3.4 percent in Paris. <\/p>\n

Luxury Swiss retailer Richemont plummeted 9 percent after its sales figures showed a slowdown in U.S. demand.<\/p>\n

Beer company Carlsberg tumbled 3.2 percent after the Russian state took control of its stake in a local brewer. <\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

European stocks traded lower on Monday after data showed the Chinese economy grew just 0.8 percent in the June quarter, down from 2.2 percent in […]<\/p>\n","protected":false},"author":3,"featured_media":133662,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"\nEuropean Shares Edge Lower On China Growth Concerns - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/business\/european-shares-edge-lower-on-china-growth-concerns\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"European Shares Edge Lower On China Growth Concerns - Fin2me\" \/>\n<meta property=\"og:description\" content=\"European stocks traded lower on Monday after data showed the Chinese economy grew just 0.8 percent in the June quarter, down from 2.2 percent in [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fin2me.com\/business\/european-shares-edge-lower-on-china-growth-concerns\/\" \/>\n<meta property=\"og:site_name\" content=\"Fin2me\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-24T05:39:10+00:00\" \/>\n<meta name=\"author\" content=\"Mark\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/fin2me.com\/wp-content\/uploads\/2023\/07\/European-Shares-Edge-Lower-On-China-Growth-Concerns-.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fin2me.com\/business\/european-shares-edge-lower-on-china-growth-concerns\/\",\"url\":\"https:\/\/fin2me.com\/business\/european-shares-edge-lower-on-china-growth-concerns\/\",\"name\":\"European Shares Edge Lower On China Growth Concerns - 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