Europe’s largest economy contracted by 0.1% in the second quarter as global tensions put pressure on its export-driven manufacturing sector.

Speaking before the widely-anticipated fall was published, Chancellor Angela Merkel said the economy was entering a “difficult phase,” adding, “we will react depending on the situation.”

A closely-watched survey of investors yesterday found German economic sentiment had plummeted to its lowest level since the eurozone crisis in 2011.

DAX -0.5% to 11,696.

ETFs: EWG, DAX, GF, DXGE, HEWG, DBGR, EWGS, FGM, QDEU, FLGR





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