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."
The yearlong association will cover an association with all the golf t
Major firms to bid for Oman Rail systems package
International firms seeking to prequalify for Oman Rail’s systems tender package must have proven experience in the supply, installation and commissioning of end-to-end technology systems necessary t
Alizz home finance supports real estate growth
Alizz islamic bank is supporting the growing real estate market with Shari’a compliant finance packages for personal banking customers to purchase land or construct a residential property.