German industrial production fell in August

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Source: Forexpros
© Scanpix/AFP
German industrial output fell as consumption and demand weakened, adding to concerns that the country was hit by the global economic slowdown. The Federal Statistical Office (Destatis) said on Monday that nation's industrial production contracted by 0.5% after jumping 1.2% in July. Analysts had predicted German industrial production to decline by -0.8% in August.
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Mon, 08 Oct 2012 20:16:59 GMT

European stocks turned lower on global concerns

On Monday, October 8, European stocks extended losses as investors are cautious about global growth and are waiting for the eurozone finance ministers meeting later this week. The Stoxx Europe 600 Index erased 0.98 per cent to 271.43. Germany's DAX Index inched lower 1.44 per cent to 7,291.21 and France's CAC 40 Index lost 1.46 per cent to 3,406.53.

Mon, 08 Oct 2012 18:05:00 GMT

German equities plunge in risk-off trade on Monday

German shares started the week on the negative note amid increased cautiousness in the market ahead of the EU finance ministers'  meeting due later in the day. Disappointing news from Asia also weighted down on German stocks. The World Bank downgraded its growth forecast for China, citing weak exports and slowing investment growth. However, smaller than expected fall in the

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