European Stocks React to Struggling Chinese Economy and Possible US Rate Hike: Stay Updated with Euronext CAC40

2023-08-18 07:10:19

European stocks started Friday’s session down, still cautious regarding a struggling Chinese economy and the possibility that the US central bank will raise rates once more.

The Paris Stock Exchange fell by 0.40% to 7163.21 points at 07:00 GMT, Frankfurt by 0.51%, Milan by 0.36% and London by 0.48% in the first exchanges. On the bond market, yields on sovereign debt erased part of the increases of the previous days.

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