MORNING BID EUROPE-China's health check punctures optimism

China’s alarming economic data
for October are sobering for world markets, which had become
grown comfortable in recent weeks about avoiding a global
downturn next year. With no signs that phase one of a trade
agreement between Washington and Beijing has been struck, a
slowdown in Chinese factory output growth last month – alongside
poor retail and investment readings – shows the damage already
inflicted by the year-long tariff war. A 4.7% year-on-year
increase in indu


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