European equity markets weakened for a fourth straight session on Thursday, heading for their longest down run in four months as weak economic data from China reignited concerns about the strength of global demand, hitting miners especially hard.
The pan-European FTSE Eurofirst 300 fell 0.3 percent to 1,088.96 points by 0801 GMT, extending its losses since the start of the week to 1.7 percent and on track for its longest continuous sell-off since equity markets turned higher in November 2011.
"There is a concern, which I share, that we have a rather uneven recovery with the euro zone periphery in particular rather weak and former growth engines like China also not seeing a pronounced recovery," Gerhard Schwarz, head of equity strategy at Baader Bank, said.
"I would not say it's a deep correction (in equities), it could be a top-building process over the next couple of weeks, the markets are overbought and looking for the next catalyst."
KL shares stay firmer mid-morning
Share prices on Bursa Malaysia stayed firmer at mid-morning today on follow-through buying of heavyweights, dealers said.
At 11.02am, the FTSE Bursa Malaysia KLCI (FBM KLCI) was up 0.5 o
US stocks rise decisively
US stocks on Tuesday rose decisively as investors bet that the Federal Reserve will stay the course the next day on its economic stimulus policy.
The Dow Jones Industrial Average surged
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