The paths of these two stars have intersected on several occasions due to their association with the luxury brand Bulgari
Europe’s stock markets began their most recent rally two weeks ago when ECB President Mario Draghi said the central bank was “ready to do whatever it takes to preserve the euro”, raising hopes of heavy bond buying to aid Spain and Italy.
A big undershoot in China’s July exports on Friday, however, soured the mood a little.
The FTSEurofirst 300 index of top European shares was down 0.35 percent at 1,097 points at 0930 GMT.
The drop was complemented by greater demand for German government bonds - traditionally favoured by risk-averse investors. Bund futures were up 64 ticks at 143.18 from Thursday’s settlement.
“There has been quite a healthy run-up after the ECB meeting last week - the Euro Stoxx 50 has risen around 8 percent in the last three sessions, and so it is natural to see a bit of a correction,” said Adrian Foster at Rabobank.
“It is the ... weaker (Chinese) exports and bank lending that has pushed the market down.”
“There was a hope that the stimulus that has been put in place would start to drive things in the third quarter, but there is nothing in these data that suggests the (Chinese) economy is really picking up,” he added.
Limbo in the euro zone is also keeping markets in check. Hopes are high that the ECB will step in with bond purchases to ease borrowing costs for Spain and Italy, but until details emerge - including the strings attached to any support - investors will be wary.
The euro, the key barometer of faith in the euro zone’s ability to overcome its debt problems, was down at $1.228, 1.3 percent off its peak of the week. “The euro is working its way through another small corrective phase within a massive, long-term downshift,” said Richard Hastings, macro strategist at Global Hunter Securities.
Next week, second-quarter gross domestic product data is expected to show the euro zone economy contracted.
Commodity markets took their cue from the lacklustre Chinese data.
Brent crude for September delivery was down 72 cents at $112.50 by 0825 GMT, having traded as low as $112.10 earlier in the session. U.S. crude was down 73 cents at $92.63.
Gold also inched down, but remained on track for a second weekly gain in three weeks, bolstered by hopes China could move again to stimulate growth.
The paths of these two stars have intersected on several occasions due to their association with the luxury brand Bulgari
The students' demands range from a ceasefire in Israel's war with Hamas to calls for universities to stop investing in Israeli enterprises
Despite Kohli's flowing form ahead of the T20 World Cup in June, pundits have raised concerns over his strike-rate
Saudi Arabia has begun to explore extracting lithium from sea water
Speaking after meeting Lebanese leaders, French foreign minister says there had been "a lot of progress" over the French proposals
The three-shot winner from Japan says he is aiming to become a member of the PGA Tour in the future
Big-hitting Nienaber falters at the finish to settle for secondwhile former Abu Dhabi resident David Horsey takes the third spot at Saadiyat Beach Golf Club
The UAE is India's second-largest export destination after the US