European stocks open lower, after weak Chinese data

2019-12-09 13:11:20 GMT (Economies.com)
European stocks open lower, after weak Chinese data

European stocks fell on morning sessions on Monday, on risk-off move after the release of weak Chinese data about exports, which renewed fears about China's economic slowdown due to the US and China ongoing trade war.

 

Stoxx Europe 600 fell by 0.2% as of 11:45 GMT, while it closed higher by 1.2% on Friday, its second daily gains in 3 days, after strong jobs data in the US. 

 

During the last week, the index edged higher by 0.1%, to post its second straight weekly gain.

 

The index opened today's session lower, to continue, as most of the major European exchanges and sectors fell today.

 

The energy sector saw the largest losses in Europe today, with a drop by 0.9%, as oil prices fell from 3-month highs.

 

Chinese exports fell for the fourth straight month in November by 1.1% compared to last year, lower than forecasts of a rise by 1%, which reflects the impact of the ongoing trade war with the US on the trade volume.

 

S&P 500 futures fell by 0.2% today, while it closed higher by 0.9% on Friday at Wall Street, its third daily gain, after upbeat US jobs data.

 

Back to Europe, the Euro Stoxx 50 index fell by 0.2%, the German DAX lost 0.1%, France's CAC 40 fell by 0.4%, and in London, the FTSE 100 lost 0.1%

 
 
 
  Symbol Last Change Chg.%
1.1809
0.0043
0.3646%
1.3056
-0.0015
0.1174%
Tadawul
7704.25
49.87
0.65%
27.456
-1.093
3.829%
42.290
0.305
0.726%
44.96
-0.47
1.03%
1953.245
-82.150
4.036%
 
 
US
 
Europe
 
Asia