Disappointing Chinese Macroeconomic Indicators and Central Bank’s Rate Cut: Impact on European Stock Markets

2023-08-15 15:52:16

Published on: 08/15/2023 – 17:52Modified on: 08/15/2023 – 17:51

The control room of Euronext, the company that manages the Paris Stock Exchange © ERIC PIERMONT / AFP/Archives

Paris (AFP) – European stock markets closed lower on Tuesday as investors were disappointed by the macroeconomic indicators published in China and by the lowering of the main key rate of the Chinese central bank, deemed insufficient to support the country’s economic activity. .

Paris dropped 1.10%, London 1.57% and Frankfurt 0.86%.

© 2023 AFP

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