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Market Update

Europe Tracks Asia Down

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European stocks opened lower Monday tracking weakness in their Asian counterparts after disappointing data from China undermined confidence.

Data released earlier in the day showed economic growth in the world's second largest economy continued to slow down in the previous quarter.

Official reports showed China's GDP grew 7.7% in the fourth quarter from a year ago, down from 7.8% in the previous quarter.

The FTSE 100 was flat at 8:52 a.m., the CAC 40 Paris eased 0.1% and the DAX Frankfurt lost 0.4%.

Gazala Parveen does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.

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