European Market Review - 14th of August 2019

European shares are into a lower side today after low growth outlook from Germany and China boosted by issues of a global slowdown, overshadowing a temporary U.S.-China tariff truce.

The pan-European STOXX 600 index declined 0.2% by 0710 GMT, with all major indices are into a lower side.

The British economy has retreated some territory for the first time since late 2012, according to official data Friday. Moreover, the gross domestic product (GDP) slipped y 0.2%.

The British sterling sunk below $1.21 versus the USD but soon recovered ground. Against the euro, the pound also fell.

The FTSE-100 rallied after the results but was still in negative territory on Friday morning.

Germany’s gross domestic product lost 0.1% in the second quarter of the year.

The loss of GDP was partly estimated and is in hand with the overall eurozone’s 0.2% GDP growth in the three months to June.