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European stocks open lower after China's export slump rattles markets


Monday, 14 January 2019 15:24 WIB

saham-saham eropaIndeks Stoxx Europe 600


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European markets opened lower Monday morning, after a shock contraction in Chinese exports heightened fears of a slowdown in the world's second-largest economy.

The pan-European Stoxx 600 was down around 0.5 percent shortly after the opening bell, with all sectors and major bourses in negative territory.

Market focus is largely attuned to economic data, amid escalating fears of a sharper-than-expected slowdown in global growth and corporate profits. It comes after official data from China on Monday showed imports fell 7.6 percent year-on-year in December, while analysts had anticipated a 5 percent rise.

CNBC


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