European stocks opened lower on Wednesday, with miners exposed to China leading losses after weak economic data from Beijing, while British stocks were pressured by a larger-than-expected headline inflation reading.<\/p>\n\n\n\n
And by 0708 GMT, the pan-European Stoxx 600 index was down 0.2%, after closing at its lowest level in more than a month on Tuesday.<\/p>\n\n\n\n
Britain’s FTSE fell 0.3% after data showed British inflation slowed as expected in July, the lowest annual rate since February 2022, with more signs of pressure on service prices.<\/p>\n\n\n\n
European miners fell 0.8% as traders assessed prospects for a weak economic recovery in China, the largest metals consumer.<\/p>\n\n\n\n
New home prices in China fell for the first time this year in July, the latest in a series of pessimistic data.<\/p>\n\n\n\n
Alcon rose 1.5 percent after the Swiss eye care products company raised its full-year net sales forecast.<\/p>\n\n\n\n
Admiral Group jumped 4.6 percent after the British motor and home insurer reported a marginal increase in first-half profit before tax.<\/p>\n","protected":false},"excerpt":{"rendered":"
European stocks opened lower on Wednesday, with miners exposed to China leading losses after weak economic data from Beijing, while British stocks were pressured by a larger-than-expected headline inflation reading. And by 0708 GMT, the pan-European Stoxx 600 index was down 0.2%, after closing at its lowest level in more than a month on Tuesday. …<\/p>\n","protected":false},"author":9,"featured_media":62193,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[7211,6877,6928,6882],"class_list":["post-87958","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-currencies","tag-dollar","tag-euro","tag-forex"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/87958","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=87958"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/87958\/revisions"}],"predecessor-version":[{"id":87959,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/87958\/revisions\/87959"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/62193"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=87958"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=87958"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=87958"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}