European stocks slip as investors show hesitancyReutersEuropean stocks fell on Friday, as worries about troubled property developer China Evergrande Group (恆大集團) and weak German business confidence data prompted investors to book some profits after a mid-week rally. However, European Central Bank President Christine Lagarde said in an interview aired on CNBC that many of the drivers of a recent spike in eurozone inflation are temporary and could fade in the next year. London’s FTSE 100 ended lower as concerns about a slowdown in global economic growth outweighed gains in healthcare and energy stocks. The FTSE 100 has gained nearly 9.5 percent so far this year on higher energy prices and accommodative central bank policies. However, it has significantly underperformed a 17 percent rise among its European peers.

Source: Taipei Times September 25, 2021 15:56 UTC