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Europe Stocks Close Higher After China Data Meets Expectations; Galapagos Up 18%


Monday, 15 July 2019 23:21 WIB

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European stocks returned to positive territory Monday afternoon, during a choppy session amid worries China’s economy is slowing due to a trade war with the U.S.

The pan-European Stoxx 600 rebounded from early losses to trade provisionally 0.48% higher at 387.75 by the close. Telecoms stocks fell 0.7% while Autos led gains with 0.84% rise.

Traders kept a close watch on the latest economic figures out of China. The country posted second-quarter figures on Monday that showed its economy grew 6.2% in the second-quarter, at its slowest pace in 27 years. Still, China’s GDP (gross domestic product) growth was in line with expectations, and data for industrial production, retail sales and fixed-asset investment came in above analyst expectations.

Source : CNBC


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