European Market Updates

European Shares Set For Further Losses

European stocks are seen opening sharply lower on Monday after data showed
Chinese industrial production for January and February shrank 13.5 percent, marking the first contraction in around 30 years amid a widespread shutdown of manufacturing operations.

Retail sales, a key metric of consumption in the world's second largest economy, fell by 20.5 percent, marking the first decline on record. Fixed asset investment was down 24.5 percent versus a 5.4 percent rise in January to December 2019.

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by RTTNews Staff Writer

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