European Shares Subdued After Three Days Of Gains

European stocks fell slightly in choppy trade on Monday despite another record close on Wall Street Friday and positive cues from Asia after Chinese GDP data beat estimates.

China’s GDP grew 6.9 percent year-on-year in the second quarter of 2017, the National Bureau of Statistics said . That was unchanged from the previous quarter and exceeded expectations for a rise of 6.8 percent.

Closer home, final data from Eurostat showed that Eurozone inflation slowed to a 6-month low in June as estimated. Inflation eased slightly to 1.3 percent in June from 1.4 percent in May. The rate came in line with the flash estimate published on June 30.

Another report from property website Rightmove revealed that U.K. house prices increased only marginally in July as subdued wage growth weighed on affordability. Asking prices edged up 0.1 percent in July from June. On a yearly basis, house prices…

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