EUROPE MARKETS: Europe Stocks Trade Lower As German Economy Contracts

Date : 08/14/2019 @ 7:59AM
Source : Dow Jones News
Stock : FTSE 100 Index (UKX)
Quote : 7307.7  0.0 (0.00%) @ 12:00AM
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EUROPE MARKETS: Europe Stocks Trade Lower As German Economy Contracts

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By Steve Goldstein, MarketWatch

Europe stocks traded lower in early action on Wednesday after data showing the Continent's largest economy contracted.

After halting a two-day losing run on Tuesday, the Stoxx Europe 600 dropped 0.16% to 371.82, with banks including Deutsche Bank (DBK.XE) and Banco Comerical Portugues (BCP.LB) lower.

The U.K. FTSE 100 dropped 0.01% to 7249.92, the German DAX dropped 0.25% to 11720.91and the French CAC 40 declined 0.23% to 5350.82.

Germany's economy shrank by 0.1% in the second quarter, according to data released by Destatis, the statistics agency. Eurozone GDP for the second quarter is due later.


(END) Dow Jones Newswires

August 14, 2019 03:44 ET (07:44 GMT)

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