Finance Latest News: Bundesbank Says German Economy Grew Strongly in Second-quarter

Wochit 1:11 mins

According to the Bundesbank, the German economy showed robust growth in the second quarter of this year, boosted by industrial production and construction. China's central bank is giving lenders more freedom to set interest rates in a move that could foreshadow major changes in the country's banking sector. Stock index futures pared gains to trade flat, pressured by a decline in McDonald's shares after its results and as investors booked profits after the S&P 500 index hit yet another closing high on Friday. McDonald's Corp earnings came in a busy week of reports, with about one-third of S&P 500 companies due to report, including Apple and entertainment provider Netflix Inc . McDonald's Corp reported a 4 percent rise in quarterly profit, while global sales at established restaurants were in line with analysts' expectations. Shares fell 2 percent to $97.

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