STOXX 600 down 0.2

Aug 16 Reuters European shares opened lower on Wednesday as Chinaexposed miners led losses following lacklustre economic data from Beijing, while UK stocks were pressured by a higherthanexpected core inflation print.

By 0708 GMT, the panEuropean STOXX 600 was down 0.2, after closing at its lowest level in more than a month on Tuesday.

UK39;s bluechip FTSE 100 index dropped 0.3 after data showed British inflation slowed as expected in July to its lowest annual rate since February 2022, although there were more signs of pressure in core and services prices.

European miners lost 0.8 as traders assessed the prospects of a tepid economic rebound of top metals consumer China.

New home prices in China fell for the first time this year in July, the latest in a string of downbeat data.

Shares of Alcon gained 1.5 after the Swiss eyecare company raised its outlook for fullyear net sales and core diluted earnings per share.

Admiral Group jumped 4.6 after the British motor and home insurer posted a marginal rise in its firsthalf pretax profit.

Reporting by Shashwat Chauhan in Bengaluru; Editing by Sherry JacobPhillips

Source Reuters