Europe’s largest economic system contracted by 0.1% within the second quarter as world tensions put strain on its export-driven manufacturing sector.
Talking earlier than the widely-anticipated fall was printed, Chancellor Angela Merkel stated the economic system was getting into a “troublesome part,” including, “we’ll react relying on the state of affairs.”
A closely-watched survey of buyers yesterday discovered German financial sentiment had plummeted to its lowest degree because the eurozone disaster in 2011.
DAX -0.5% to 11,696.
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