Europe Markets: Europe stocks trade lower as German economy contracts

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

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, -0.15% dropped 0.16% to 371.82, with banks including Deutsche Bank DBK, -2.40% and Banco Comerical Portugues BCP, -1.26% lower.

The U.K. FTSE 100 UKX, +0.05% dropped 0.01% to 7249.92, the German DAX DAX, -0.31% dropped 0.25% to 11720.91and the French CAC 40 PX1, -0.35% 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.