Economics
Charting the Markets: China Slows, Europe Rises
The Shanghai Composite falls from an eight week high, Deutsche Bank shares rise and the euro holds steady.
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Commodities dropped after China reported the slowest economic growth since 2009. So, too, did China's equity benchmark. The Shanghai Composite Index closed down 0.1 percent. Europe’s benchmark stock index, though, rose for a third day running — shrugging off the news. China didn't move the markets today like it did last quarter.
The Shanghai Composite slipped from an eight-week high after the world's second-largest economy reported growth came in at 6.9 percent in the three months through September, helped by a services sector that grew close to to 8.4 percent. That was marginally better than expected, but the worst turnout since the first quarter of 2009.