© Reuters. The DAX chart of the German stock index is pictured on the stock exchange in Frankfurt, Germany on September 14, 2021. REUTERS / Staff
(Reuters) – European stocks fell on Wednesday as concerns over the slowing Chinese economy, falling travel and leisure stocks and soaring inflation in the UK dampened sentiment early in the year. session.
The benchmark index fell 0.1% at 07:11 GMT.
Asian stocks fell after data showed China’s factory and retail sectors weakened in August following new coronavirus outbreaks and supply disruptions.
Travel and leisure stocks were the most down in Europe, down 1.1% as gaming companies were hit after shares of Macau casino operators fell as the government launched a consultation public which investors say will lead to tighter regulations in the world’s largest gaming hub.
The owner of the fashion brand Zara Index (MC 🙂 rose about 1% as its sales approached pre-pandemic levels, but Sweden’s H&M slipped 3% as quarterly sales grew less than expected.
UK small and mid-cap stocks fell 0.2% after data showed UK inflation hit a more than nine-year high last month.
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