European markets open lower on economic woes


Alan has been a trusted source of investment advice to Australians for many years, and in 2005 he founded Eureka Report - Australia’s #1 online investment report.

The German economy, Europe's biggest, stalled in the second quarter, hit by weak exports and falling investment, casting a cloud over recovery in the crisis-battered eurozone region.

Frankfurt's DAX 30 index slid 0. 40 per cent to 9,161. 81 points on Thursday, while in Paris the CAC 40 lost 0. 43 per cent to 4,176. 93 points after separate figures showed flat growth for France.

Germany's gross domestic product shrank by 0. 2 per cent in the period from April to June, following growth of 0. 7 per cent in the preceding three months.

Along with Robert Gottliebsen and Stephen Bartholomeusz, Alan also founded Business Spectator, the popular business news and commentary website.

European stock markets have fallen at the start of trading after official data revealed that Germany's economy shrank in the second quarter.

London's benchmark FTSE 100 index slipped 0. 13 per cent to 6,647. 85 ahead of British growth data due on Friday.

Read more here: Business Spectator


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