BANGKOK — Shares retreated in Asia and Europe on Monday after China reported weaker growth than forecast in the last quarter. Oil prices fell more than $1 a barrel.
Germany’s DAX edged less than 0.1% lower to 16,097.87 and the CAC 40 in Paris declined 0.7% to 7,323.91. Britain’s FTSE lost 0.1% to 7,424.61.
The future for the S&P 500 was nearly unchanged. That for the Dow Jones Industrial Average was down 0.1%.
Markets in Japan were closed for a holiday and Hong Kong’s market was shuttered due to a typhoon.
The Shanghai Composite index dropped 0.9% to 3,209.63 after China reported its economy grew at a 6.3% annual pace in April-June. That’s better than the 4.5% expansion in the January-March quarter but well below forecasts of over 7%.
The economy is expected to slow further in coming months, though investors will be expecting moves from Beijing to prop up growth.
So “the data…
