Live news: Oil prices fall as data shows Chinese economic growth slowing

From the struggling property market to lacklustre trade and industrial profits, several economic indicators for the Chinese economy are flashing red. But that will not be immediately obvious when the world’s second-largest economy publishes its second-quarter gross domestic product growth data on Monday.

The headline figure should still look deceptively strong because of a low base effect, with some banks forecasting 7 per cent growth. But the underlying momentum is slowing, warn economists, raising concerns about the health of the country’s post-Covid recovery.

In Europe, polls suggest Spaniards are about to change the country’s political path when they vote next Sunday, ejecting Socialist prime minister Pedro Sánchez and installing a conservative government.

Read the full week ahead calendar here.