Radiocor News

Europe shares moderately lower in cautious midday trade

FTSE 100 down 0.33%; DAX down 0.54%; CAC 40 down 0.69% (Il Sole 24 Ore Radiocor) - London, 15 Jul - European shares were moderately lower in cautious midday trade, with the Stoxx 600 index down 0.30%.

Investors assessed the impact of an assassination attempt on former US President Donald Trump at a rally over the weekend.

Global investors also digested data showing today that China's gross domestic product grew less than expected in the second quarter as weak consumer spending and demand weighed.

Traders also braced for a key week of commentary from Federal Reserve officials ahead of the central bank's meeting on July 30-31.

Last week data showing that key US data showing that inflation in the world's biggest economy fell more than expected in June rekindled hopes of an interest rate cut this year.

At 1115 GMT, the London FTSE 100 was down 0.33% at 8,226 points, the Frankfurt DAX was down 0.54% at 18,668 points, the Paris CAC 40 down 0.69% at 7,670 points, while in Milan the FTSE MIB was down 0.27% at 34,488 points, and in Madrid the IBEX 35 was down 0.50% at 11,193 points.

In the region's stock market dealings most sectors were lower, with household goods and banking stocks among the biggest decliners.

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(RADIOCOR) 15-07-24 13:34:16 (0326) 5 NNNN

 


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