European Shares Stumble From Six-Week Highs After Chinese GDP Data

www.oann.com | 1/18/2019 | Staff
shuadah (Posted by) Level 3
LONDON (Reuters) – European shares slipped on Monday from six-week highs after China’s fourth-quarter growth figures confirmed a slowdown in the world’s second-biggest economy with 2018 its weakest year since 1990.

The pan-European STOXX 600 fell 0.3 percent by 0825 GMT, in line with Germany’s exporter-heavy DAX , while Britain’s FTSE 100 eked out a 0.1 percent gain thanks to strong oil stocks.

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German chemicals firm Henkel , maker of Persil detergent and Schwarzkopf shampoo, was the biggest STOXX 600 faller, down 5 percent after announcing increased investments in new brands, marketing and digitalization.

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