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European shares flat as recession fears offset earnings boost; PMI data awaited
The pan-European STOXX 600 was flat at 7:09 GMT, tracking broader markets as China's official measure of factory activity contracted in July and the Caixin PMI also missed forecasts.Adding to concerns, data showed German retailers ended the first half of 2022 with the sharpest year-on-year sales drop in nearly three decades, as inflation