Luxury giant LVMH hits 400 billion euros in market value
Ocado slumps after online venture customers buy less per order
THG slides after warning on profit after major revenue miss
STOXX 600 off 0.3

Jan 17 Reuters European shares slipped on Tuesday, taking a breather from their sharp rally since the start of this year, after China posted its weakest annual economic growth in nearly half a century, stoking investors39; fears of an economic slowdown.

The panEuropean STOXX 600 was down 0.3 by 0925 GMT, after hitting its highest level in nine months in the previous session.

Asian shares and U.S. futures dipped after China39;s economic growth in 2022 slumped as the fourth quarter was hit hard by strict COVID19 curbs and a property market slump, raising pressure on policymakers to unveil more stimulus this year.

The prospects of imminent global recession also cast a long shadow over Davos that kicked off on Monday, with twothirds of private and public sector chief economists surveyed by the World Economic Forum expecting a global recession this year.

Ratesensitive tech stocks declined 0.8, weighing on Europe39;s STOXX 600 in early trading.

The benchmark index still gained nearly 7 in an upbeat start to the year, spurred by hopes of a rebound in China39;s economy, easing of price pressures and growing expectations of a milderthanexpected recession.

The combination of falling gas prices removing the risk of recession being as deep as feared is helping some of the…