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European shares fall as weak China, euro zone data dents appetite

September 6, 2023
Source: devdiscourse.com devdiscourse.com
News Snapshot:
European shares fell on Tuesday as weak services sector data from China and the euro zone fuelled concerns about slowing global growth, though gains in energy stocks helped crimp losses. The pan-European STOXX 600 index ended the session 0.2% lower, logging its fifth consecutive session of declines, though well off its week-low hit intraday. China-exposed sectors such as luxury and construction & materials were among the top drags, falling 1.2% and 1.0%, respectively, as data showed China's services activity expanded at the slowest pace in eight months in August. Separately, the decline in euro zone business activity accelerated faster than...
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