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European Stocks Close Sharply Lower On Weak Data, Bond Market Recession Warnings


Wednesday, 14 August 2019 23:19 WIB

Stoxx 600Saham Eropa


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European stocks closed sharply lower Wednesday as weak economic data and bond yield curve inversions fueled fears of a global recession.

The pan-European Stoxx 600 closed was down 1.8% at 366.16, with all sectors and major bourses trading firmly in the red.

Economic data released on Wednesday morning showed that Germany’s GDP (gross domestic product) shrank by 0.1% between April and June, fueling fears of a recession for Europe’s largest economy and likely denting investor sentiment.

Source : CNBC


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