European stock markets traded in a mixed fashion on Monday as investors navigated between better-than-expected German inflation numbers and persistent concerns about Chinese economic growth. German wholesale prices showed signs of improvement, offering a minor boost to European investors. However, the country’s struggle with weak trading and a decline in its manufacturing and construction sectors continue to weigh on the largest economy in the eurozone. Meanwhile, worries about China’s debt-laden property sector cast a shadow on global economic recovery. The possibility of further interest rate hikes in the US also added to concerns. Additionally, the US retail sector dominated quarterly earnings in Europe, providing investors with crucial insights into the health of consumer spending. Oil prices retreated amid fears of China’s economic recovery faltering and a stronger dollar.
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