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Monday, April 29, 2024

European stocks rebound, Asia mixed after weak China data

Weak consumer demand has caused a drop in prices in China for the first time in more than two years, adding to worries about the economy. (Photo: AFP)

LONDON: European stock markets rebounded on Wednesday as bank shares recovered and after a mixed showing by Asia.

Data revealed China slipped into deflation, compounding worries about the world’s second biggest economy after the United States.

Bank shares recovered one day after sliding when Italy imposed a windfall tax…

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