Weak German Data Affects European Market

A second day of weak German data sent European markets into retreat on Tuesday with stocks.

A day after German industrial orders saw their biggest monthly drop since the height of the global financial crisis in 2009, its industrial output figures for August dropped by 4%, also the biggest fall in five years.

"Industrial production is currently going through a weak phase... but the current decline is exacerbated by holiday effects," Germany's Economy Ministry said in a statement.

"All in all, one should expect weak production for the third quarter as a whole."


Trading Tip: If this goes on, the European markets might continue to drop. Pay notice to the situation in Germany to expect what will happen.

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