In the wake of China‚€?s disappointing Q1 GDP figure, which came in at 8.1%, below 8.3% consensus and at a 3-year low, European markets are edging lower as they continued to be pressured by the ongoing eurozone debt crisis.
It was revealed today that the Spanish banks borrowed ‚?¨316.3B from the ECB in March, compared with a much lower sum in February of ‚?¨169.86B. The Spanish IBEX 35 fell by 1.25%. Italy's main index followed a similar path - dropping by 1.28% and the German DAX 30 and the French CAC 40 are also under pressure - down 0.60% and 0.80% respectively.
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