{"id":16943,"date":"2023-07-05T09:36:59","date_gmt":"2023-07-05T07:36:59","guid":{"rendered":"https:\/\/investmentbell.com\/?p=16943"},"modified":"2023-07-05T09:37:03","modified_gmt":"2023-07-05T07:37:03","slug":"china-growth-concerns-weigh-on-european-shares-at-open","status":"publish","type":"post","link":"https:\/\/investmentbell.com\/arabic\/news\/market-overview-news\/china-growth-concerns-weigh-on-european-shares-at-open\/","title":{"rendered":"China growth concerns weigh on European shares at open"},"content":{"rendered":"<p>(Reuters) &#8211; European shares fell on Wednesday as fresh data pointing to China&#8217;s faltering economic recovery soured investor sentiment, which has been under pressure from uncertainty about future monetary policy steps by major central banks.<\/p>\n\n\n\n<p>The pan-European\u00a0STOXX 600\u00a0index was down 0.4% by 7:02 GMT, following a quiet session on Tuesday when the U.S. markets were closed for Independence Day.<\/p>\n\n\n\n<p>China&#8217;s services activity expanded at the slowest pace in five months in June, a private-sector survey showed on Wednesday, piling on to a raft of data signalling weakness in the world&#8217;s second-largest economy after the pandemic.<\/p>\n\n\n\n<p>Miners fell 1.0% and were the biggest sectoral decliners as concerns around weak demand from top consumer China, as well as slowing growth in other major economies, hurt metal prices.<\/p>\n\n\n\n<p>China-exposed luxury firm LVMH, which is Europe&#8217;s most valuable company per market capitalisation, was down 0.4%, while its peer&nbsp;Kering&nbsp;(EPA:<a href=\"https:\/\/www.investing.com\/equities\/kering\" target=\"_blank\" rel=\"noopener\">PRTP<\/a>),&nbsp;Pernod Ricard&nbsp;(EPA:<a href=\"https:\/\/www.investing.com\/equities\/pernod-ricard\" target=\"_blank\" rel=\"noopener\">PERP<\/a>) and Hermes were down between 0.3% and 0.9%.<\/p>\n<div class=\"rate-now\"><span id=\"rate-mypost16943\"><\/span> <span id=\"rate-points\"> 0<\/span><\/div>\n\t\t\t<script type=\"text\/javascript\">jQuery('#rate-mypost16943').raty({\n\t\t\t\thalfShow : true,\n\t\t\t\thalf: true,readOnly: true,score: 0,\n\t\t\t\tpath: \"https:\/\/investmentbell.com\/wp-content\/plugins\/userpro-rating\/images\/\"\n\t\t\t\t});<\/script>","protected":false},"excerpt":{"rendered":"<p>(Reuters) &#8211; European shares fell on Wednesday as fresh data pointing to China&#8217;s faltering economic recovery soured investor sentiment, which has been under pressure from uncertainty about future monetary policy steps by major central banks. The pan-European\u00a0STOXX 600\u00a0index was down 0.4% by 7:02 GMT, following a quiet session on Tuesday when the U.S. markets were [&hellip;]<\/p>","protected":false},"author":13,"featured_media":16944,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[89],"tags":[],"class_list":{"0":"post-16943","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-market-overview-news"},"_links":{"self":[{"href":"https:\/\/investmentbell.com\/arabic\/wp-json\/wp\/v2\/posts\/16943","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/investmentbell.com\/arabic\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/investmentbell.com\/arabic\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/arabic\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/arabic\/wp-json\/wp\/v2\/comments?post=16943"}],"version-history":[{"count":0,"href":"https:\/\/investmentbell.com\/arabic\/wp-json\/wp\/v2\/posts\/16943\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/arabic\/wp-json\/wp\/v2\/media\/16944"}],"wp:attachment":[{"href":"https:\/\/investmentbell.com\/arabic\/wp-json\/wp\/v2\/media?parent=16943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investmentbell.com\/arabic\/wp-json\/wp\/v2\/categories?post=16943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investmentbell.com\/arabic\/wp-json\/wp\/v2\/tags?post=16943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}