European stocks fell, led by declines in major indices and automobile shares, particularly Mercedes-Benz, due to poor sales in China.
European stocks fell on Friday, led by declines in major indices like the Stoxx 600 and FTSE 100. Automobile shares, particularly Mercedes-Benz, dropped sharply after the company revised its profit outlook due to poor sales in China. While some companies gained, overall sentiment was dampened. In economic news, Germany's producer prices fell 0.8% year-on-year, while UK retail sales exceeded expectations, although public sector borrowing rose significantly.
September 20, 2024
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