- Further signals of an economic slowdown are continuing to build, with Germany reporting a staggering 3.7% plunge in April exports, the most in nearly four years, alongside a 1.9% contraction in industrial output.
- The figures were severe enough for the country's central bank, the Bundesbank, to slash its 2019 GDP forecast in half, to just 0.6%.
- "For economic growth and, to a lesser extent, for the rate of inflation, it is the downside risks that predominate as things stand today," the central bank said in a biannual update of its projections.
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