Germany’s Economy Paused In Second Quarter: EU Leaders Prepare To Meet

BERLIN — Germany released the data for its gross domestic product in the second quarter, showing that economic growth in Europe’s largest economy slowed to a near stand-still. Markets retreated on the troubling signal. The DAX fell 147 points, or 2.4%, after the open Tuesday, and U.S. markets seemed ready to erase some of the gains won in Monday’s merger activity. Futures were down on the major indexes ahead of the bell. The S&P 500 was down 12 points at 1,185, the Nasdaq was down 24 points at 2,182 and the Dow Jones industrial average was down 81 points at 11,322.

http://www.forbes.com/sites/heatherstruck/2011/08/16/germanys-economy-paused-in-second-quarter-eu-leaders-prepare-to-meet/