German recession fears weigh on stocks after relief rally

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German recession fears weigh on stocks after relief rallyFears that Germany could slip into a recession weighed hard on European stock markets Wednesday, a day after a modest relief rally prompted by the U.S. decision to delay some tariffs on Chinese imports. The key downward driver in markets on Wednesday was news that Germany, Europe's biggest economy, contracted 0.1% in the second quarter of the year from the previous three-month period as global trade conflicts combined with troubles in the auto industry. 'The relief rally inspired by the Trump administration delaying tariffs on some Chinese imports was short lived - blink and you missed it,' said Fiona Cincotta, senior market analyst at City Index.


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