European stocks advance despite China slowdown

News Image

By MG News | July 15, 2019 at 02:35 PM GMT+05:00

0:00

July 15, 2019: Europe's stock markets rose in early deals on Monday despite data showing that China's economy grew at its weakest pace in nearly three decades, slammed by the US trade war.

London's benchmark FTSE 100 index gained 0.2 percent to 7,521.51 points, compared with the close on Friday.

In the eurozone, Frankfurt's DAX 30 won 0.8 percent to 12,425.87 points and the Paris CAC 40 added 0.4 percent to 5,597.17.

Asian markets however sank on weak second-quarter growth in China, which is the world's second largest economy after the United States.

China's economy expanded 6.2 percent in the second quarter, the worst reading since the early 1990s, data showed.

"There's no doubt in anyone's minds that the trade war is a major contributing factor here," noted Oanda analyst Craig Erlam.

The reading was however in line with forecasts and within the Chinese government's target range.

AFP/APP

Related News

Name Price/Vol %Chg/NChg
KSE100 128,199.43
336.91M
2.05%
2572.11
ALLSHR 79,787.62
1,023.63M
1.53%
1202.91
KSE30 39,105.00
121.90M
2.49%
951.21
KMI30 186,915.61
131.16M
1.10%
2029.11
KMIALLSHR 54,201.88
553.60M
0.81%
438.07
BKTi 33,476.68
51.49M
4.87%
1555.00
OGTi 27,962.58
9.77M
0.68%
188.60
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 106,230.00 108,105.00
105,930.00
-2005.00
-1.85%
BRENT CRUDE 67.11 67.50
66.34
0.37
0.55%
RICHARDS BAY COAL MONTHLY 97.50 97.50
97.50
0.70
0.72%
ROTTERDAM COAL MONTHLY 103.80 103.80
103.80
-3.45
-3.22%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 65.42 65.98
64.67
0.31
0.48%
SUGAR #11 WORLD 15.70 16.21
15.55
-0.50
-3.09%

Chart of the Day


Latest News
July 01, 2025 at 10:04 PM GMT+05:00

Pakistan’s trade deficit improves by over 9% in June


July 01, 2025 at 05:24 PM GMT+05:00

Gold price in Pakistan rises Rs6,600 per tola


July 01, 2025 at 04:53 PM GMT+05:00

PSX proposes key regulatory amendments



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg