European stocks close lower for seventh straight session as mining shares slide
Publishing timestamp: 2023-09-07 11:50:33
Summary
European stock markets closed slightly lower, with the benchmark Stoxx 600 logging its seventh consecutive negative session. Mining stocks declined while utilities stocks climbed. There are concerns about inflationary pressures in the US and euro zone data. Germany is forecasted to enter a recession in the second half of the year. The UK's house prices have seen a decline, and the British pound has weakened against the US dollar. China's exports and imports fell less than expected in August. The Federal Reserve may consider further tightening, but some analysts are optimistic about China's e-commerce sector and have named European banks as top picks. European markets are expected to open lower.
Sentiment: MIXED
Tickers: .FCHI, MRO-GB, DLG-GB, .STOXX, .GDAXI, .DXY, HBR-GB, .FTSE, GBP=, .FTMIB,
Keywords: united states, gbp/usd, dxy us dollar currency index, business news, stoxx 600, breaking news: europe, economic events,