LONDON — European stocks snapped a 10-day winning streak Monday, as investors reacted to weaker-than-anticipated economic data and rising geopolitical tensions.
The pan-European Stoxx 600 closed down 0.5%, with almost all sectors and major bourses in negative territory. Retail shares led the losses, falling 2.5%.
Shares in Asia-Pacific dipped on Monday as China recorded a surprisingly sharp slowdown last month. Figures on July retail sales, industrial production and fixed asset investment all missed forecasts.
China’s National Bureau of Statistics cited the impact of a range of factors, including growing external uncertainties, the ongoing Covid-19 epidemic and flooding. The bureau added that the “economic recovery is still unstable and uneven.”
Meanwhile, market participants closely monitored the potential geopolitical…