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European stocks close lower after China posts slowest growth in nearly three decades


Monday, 21 January 2019 23:50 WIB

EropaIndeks Stoxx Europe 600


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European stocks closed lower on Monday, after fresh data from China showed its economy grew at its slowest pace since 1990.

The pan-European Stoxx 600 index provisionally sank 0.26 percent, with most sectors and major bourses in the red.

Market players monitored news of slowing growth in the world's second-largest economy. Official data published Monday said China's gross domestic product (GDP) in 2018 grew 6.6 percent from the previous year, in line with analyst expectations but at its most sluggish rate in almost three decades.

CNBC


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