Markets slow on German woes and G20 jitters

Weak German economic data and a profit warning from Daimler impacted European stock markets as investors reined in any bets on a fourth week of gains before G20 meetings that may see more trade talks between the US and Chinese presidents.

Up 4% so far in June, the pan-European Stoxx-600 index closed 0.25% lower on the day, with most of its major component markets in the red, led by a 0.5% dip in Frankfurt’s Dax.