European shares fell on Wednesday, as a shrinking German economy and weak indust...
- European shares fell on Wednesday, as a shrinking German economy and weak industrial data from China stoked fears of a global slowdown, forcing investors to turn defensive and overshadowing a temporary U.S.-China tariff truce.
U.S. President Donald Trump’s administration delayed imposing a 10% tariff on certain Chinese products, including laptops and cell phones, beyond September on Tuesday, providing battered equity markets world-wide some relief. The Frankfurt-dominated auto index .SXAP fell more than 1%, while borrowing costs in Germany fell to fresh record lows following the GDP data, reinforcing expectations for monetary policy stimulus soon.
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