U.S. markets open in 8 hours 25 minutes
  • S&P Futures

    3,649.75
    -10.75 (-0.29%)
     
  • Dow Futures

    29,666.00
    -138.00 (-0.46%)
     
  • Nasdaq Futures

    12,425.50
    -26.75 (-0.21%)
     
  • Russell 2000 Futures

    1,830.90
    -4.60 (-0.25%)
     
  • Crude Oil

    44.19
    -0.36 (-0.81%)
     
  • Gold

    1,813.40
    -5.50 (-0.30%)
     
  • Silver

    23.80
    -0.30 (-1.22%)
     
  • EUR/USD

    1.2079
    0.0000 (-0.00%)
     
  • 10-Yr Bond

    0.9340
    0.0000 (0.00%)
     
  • Vix

    20.77
    +0.20 (+0.97%)
     
  • GBP/USD

    1.3411
    -0.0012 (-0.09%)
     
  • USD/JPY

    104.4540
    +0.1380 (+0.13%)
     
  • BTC-USD

    18,666.66
    -29.52 (-0.16%)
     
  • CMC Crypto 200

    366.66
    -13.20 (-3.48%)
     
  • FTSE 100

    6,384.73
    +118.54 (+1.89%)
     
  • Nikkei 225

    26,844.08
    +56.54 (+0.21%)
     

German economy grew by 6% in Q3 but recovery likely to slow - DIW

·1 min read

BERLIN, Oct 28 (Reuters) - The German economy likely grew by around 6% in the third quarter but the recovery from the coronavirus crisis seen over the summer will probably slow as a second COVID-19 outbreak hits Europe's biggest economy, the DIW institute said on Wednesday.

DIW pointed to the threat of further coronavirus-related restrictions and said many companies were still struggling with the consequences of the lockdown imposed in spring and had hardly any financial reserves left.

As coronavirus infections soar, German Chancellor Angela Merkel wants state premiers on Wednesday to agree to close all restaurants and bars from Nov. 4 in a bid to curb coronavirus infections, a draft resolution seen by Reuters showed.

The Federal Statistics Office is due to release preliminary German gross domestic product (GDP) data for the third quarter on Oct. 30.

(Reporting by Riham Alkousaa Editing by Michelle Adair)