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Europe's stocks edge lower as sentiment worsens

European stocks pulled back on Friday as disappointed figures from China fueled concerns over slowing growth and outcome of trade negotiations between U.S. President Trump and China’s Xi Jinping.

Photo: Reuters

The pan-European STOXX 600 slumped 0.5 percent. Germany's DAX, the most affected by China's data, slipped 0.6 percent.

Germany's benchmark index was on course for its fourth consecutive month of declines - its longest losing streak since 2008. The European main gauge was poised for its second straight month of declines.

Auto sector led the decline, losing 1.4 percent, on the weakest Chinese factory growth and worries over tariffs.

Luxury goods conglomerates Kering and LVMH slid 1.8 percent each, hurt by slowing growth in China, too.


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