Europe shares commerce decrease as German economic system contracts – 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

SXXP, -0.20%

 dropped 0.16% to 371.82, with banks including Deutsche Bank

DBK, -2.40%

 and Banco Comerical Portugues

BCP, -2.37%


The U.K. FTSE 100

UKX, -0.02%

 dropped 0.01% to 7249.92, the German DAX

DAX, -0.38%

 dropped 0.25% to 11720.91and the French CAC 40

PX1, -0.36%

 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.

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