Sumary of UPDATE 1-European stocks slip on weak China data, regulation worries:
- By Sruthi Shankar3 Min Read(Reuters) -European shares slipped on Wednesday as worries about a slowing Chinese economy, declines in luxury and travel stocks and soaring UK inflation kept the main indexes under pressure.
- The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 14, 2021. REUTERS/StaffThe benchmark STOXX 600 index was down 0.1% in morning trade, and off about 2% from the record high in mid-August.
- Swedish Match rose 3.4% after the tobacco and nicotine products maker unveiled plans to spin off its U.S. cigar business to shareholders and list it on the stock market.