By Michael Msika, Bloomberg markets live reporter
The long-awaited Chinese economic recovery is going from one disappointment to another, leading investors to dump stocks that are highly exposed to the country’s weak consumer demand.
Some European sectors are already feeling the pinch. The recovery in miners is fading fast, while luxury stocks and autos have been falling for more than three months. The latest data from the country is far from encouraging, especially after yesterday’s CPI. On top of that, tensions which could lead to a trade war over tariffs with Europe are not showing any signs of abating.
