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, -0.30% dropped 0.16% to 371.82, with banks including Deutsche Bank DBK, -2.38% and Banco Comerical Portugues BCP, -2.47% lower.
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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