European stocks opened lower Friday morning, amid escalating concerns of a sharp slowdown in the world’s second largest economy.
The pan-European Stoxx 600 was down around 0.75 percent shortly after the opening bell, with all sectors and major bourses in negative territory.
Market focus is largely attuned to a possible economic slowdown over the coming months. It comes after China reported weaker-than-expected retail sales data on Friday. The sector grew at its weakest pace since 2003 in November, with disappointing industrial and domestic demand figures also darkening the Asian giant’s economic outlook.