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Weak data weighs on European shares, bank stocks rise after results

Reuters  |  LONDON 

By Helen ReidLONDON (Reuters) - European shares slipped on Tuesday after weak data from China and Germany added to a spate of less encouraging news on the global economy, but the banking sector offered a ray of light after strong results from Austria's Raiffeisen Bank. The pan-European index eased 0.1 percent while Germany's DAX declined 0.2 percent after Europe's biggest economy reported first-quarter growth slightly slower than expected.The earnings season was nearing its close with more than three-quarters of MSCI Europe companies having reported first-quarter results."Generally it's been ...

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First Published: Tue, May 15 2018. 16:45 IST