Kitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Sept 25 - European shares fell at the start of the quarter's last week in volatile trading as worries about interest rates staying higher for longer and weakness in China-exposed shares weighed on the index.China-exposed luxury stocks such a LVMH and Kering shed 1.8% and 3.2%, respectively, amid persistent concerns about growth in the world's second-largest economy.
The ECB has reached the point where it needs to be wary of raising interest rates too high and should try to avoid a hard landing of the economy, said policymaker Francois Villeroy de Galhau. Germany's DAX shed 0.9%, with latest data showing German business morale deteriorated in September, falling for the fifth month in a row.
"Not only is the economy slowing, but you also see that the rising energy prices are also very hard on the German economy, which used to be the growth engine of the euro zone," said Ipek Ozkardeskaya, senior analyst at Swissquote Bank.
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