Receding Chinese economy weighs on European markets

MarketWatch | May 15, 2019 at 10:35 AM
  • Weak Chinese economic data for April dragged European markets down on Wednesday, hitting some of the gains made during Tuesday’s rebound.
  • Retail sales grew 7.2% year-over-year, down from 8.7% the previous month—the slowest since 2003.
  • On Tuesday, President Donald Trump played down tensions between the U.S. and China over trade, calling the situation a “little squabble”.