European Shares Slip as Weak German Growth Data Stokes Recession Fears; Israel-Hamas Ceasefire and Barclays Job Cuts Also in Focus
• European stocks edged lower after weak German economic growth data showing its GDP fell 0.1% in Q3 • German economy contracted slightly in Q3, pointing to possibility of mild recession by year-end • Bundesbank President said ECB must resist temptation to cut rates early in fighting inflation • Israel & Hamas to start 4-day truce today; first group of 13 Israeli hostages to be released • Barclays working on plans to save up to £1B which could involve cutting 2,000 jobs, per Reuters