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Asia stocks struggle after dire China data - Reuters
May 16, 2022 40 secs

LONDON, May 16 (Reuters) - European stock indexes opened lower on Monday, after oil prices slid and riskier currencies took a hit during the Asian session as unexpectedly weak economic data from China highlighted fears about a slowdown in growth.

Investors are worried that inflation pushing up interest rates will damage the global economy.

These fears saw global shares hit their lowest point in 18 months last week.

ING analysts said the economic growth concerns could allow government bonds to function as safe havens.

ECB policymaker Francois Villeroy de Galhau said the euro's weakness could threaten the central bank's efforts to steer inflation towards its target.

UK labour market data is due on Tuesday and UK inflation data will be out on Wednesday.

Sky-high inflation and rising interest rates drove U.S.

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