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German economy weakens; Bronfman drops Paramount bid clearing way for Skydance deal – business live

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Live coverage of business, economics and financial markets as German contraction confirmed in second quarter

London’s FTSE 100 is the pick of Europe’s stock markets this morning, as investors catch up from a bank holiday on Monday.

Most of the other main indices are fairly flat in the opening trades. Here are the opening snaps, via Reuters.

EUROPE’S STOXX 600 UP 0.2%

BRITAIN’S FTSE 100 UP 0.4%

FRANCE’S CAC 40 UP 0.1%; SPAIN’S IBEX FLAT

EURO STOXX INDEX FLAT; EURO ZONE BLUE CHIPS FLAT

After the slight increase in the previous quarter, the German economy slowed down again in spring.

Continue reading…Live coverage of business, economics and financial markets as German contraction confirmed in second quarterLondon’s FTSE 100 is the pick of Europe’s stock markets this morning, as investors catch up from a bank holiday on Monday.Most of the other main indices are fairly flat in the opening trades. Here are the opening snaps, via Reuters.EUROPE’S STOXX 600 UP 0.2%BRITAIN’S FTSE 100 UP 0.4%FRANCE’S CAC 40 UP 0.1%; SPAIN’S IBEX FLATEURO STOXX INDEX FLAT; EURO ZONE BLUE CHIPS FLATAfter the slight increase in the previous quarter, the German economy slowed down again in spring. Continue reading…