European stock markets open in the red, China weighs on morale

2023-05-31 07:18:18
European stock markets opened lower on Wednesday, weighed down by a decline in industrial activity in China, further proof that the economic rebound in the world’s second largest economy is less strong than expected. The Paris Stock Exchange lost 1.02% to 7,136.17 points at 9 a.m. (0700 GMT). Frankfurt slipped by 0.95%, Milan by 0.68% and London by 0.56% in the first exchanges.
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