LONDON, Aug 16 — A ten-day run of gains for European stocks came to a halt today following a surprise slowdown in China’s economic indicators, with commodity-linked stocks falling the most. The pan-European STOXX 600 index fell 0.5 per cent in early trading, easing from record levels last week....
LONDON, Aug 16 — A ten-day run of gains for European stocks came to a halt today following a surprise slowdown in China’s economic indicators, with commodity-linked stocks falling the most.
The pan-European STOXX 600 index fell 0.5 per cent in early trading, easing from record levels last week. Oil stocks and miners fell about 1.5 per cent each, as commodity prices took a hit after Chinese data raised concerns about faltering demand in the world’s major consumer of metals and oil. Data showed China’s factory output and retail sales growth slowed sharply and missed expectations in July as new Covid-19 outbreaks and floods disrupted business operations.
In individual stocks, French car parts supplier Faurecia SE jumped 6.5 per cent after it agreed to acquire a majority stake in German automotive lighting group Hella, trumping rival bidders with a 6.7 billion euros deal.Lufthansa fell 4.4 per cent after a German finance agency said it plans to sell up to a quarter of its 20 per cent stake in the airline over the next few weeks. — Reuters
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asia stocks stumble as China data disappoint | Malay MailSYDNEY, Aug 16 — Asian share markets slipped today after a raft of Chinese data showed a surprisingly sharp slowdown in the engine of global growth, just as much of the world races to stem the spread of the Delta variant of Covid-19 with vaccinations. Figures on July retail sales, industrial...
Read more »
Hill wins maiden European Tour title at English Open | Malay MailASH, Aug 16 — Scotland’s Calum Hill won his maiden European Tour title on Sunday with a one-shot triumph at the English Open. Trailing by two shots overnight, the 26-year-old shot a final round 67 for a 16 under par total to edge out Alexander Levy of France who carded a final round 64....
Read more »
Tokyo stocks open lower on virus worries | Malay MailTOKYO, Aug 16 — Tokyo stocks opened lower today as concerns over rising coronavirus cases in Japan continued to weigh on the market. The benchmark Nikkei 225 index dropped 1.36 per cent, or 380.13 points, to 27,597.02 in early trade, while the broader Topix index fell 1.37 per cent, or 26.76...
Read more »
Medvedev dominates Opelka to win ATP Toronto Masters | Malay MailTORONTO, Aug 16 — Daniil Medvedev neutralised the attack of American serving giant Reilly Opelka on Sunday, dominating 6-4, 6-3 to win the ATP Toronto Masters. The world number two Russian needed just 87 minutes, limiting his 2.11m opponent to just eight aces and breaking him three times...
Read more »
Kisner birdies to win playoff and capture PGA season finale | Malay MailBARCELONA, Aug 16 — American Kevin Kisner, winless in five prior US PGA playoffs, birdied the second extra hole on Sunday to win a record-tying six-man playoff and capture the Wyndham Championship. Kisner collected his fourth career PGA victory, his first since the 2019 WGC Match Play and first...
Read more »
Benitez says no more nerves at Goodison, hails Everton fans after win | Malay MailLIVERPOOL, Aug 15 — Everton boss Rafa Benitez said he had overcome the nerves that he would experience in the Goodison Park dugout as an opposition manager following Saturday’s 3-1 victory over Southampton in their Premier League opener. Benitez, who led Everton’s local rivals Liverpool to...
Read more »