Stock markets across Europe have risen on hopes of a stimulus after Germany's central bank hinted there was a risk of recession.
The FTSE100, Germany DAX, France's CAC and Italy's MIB indexes were all up by more than 1% on renewed hopes of European governments increasing spending to boost growth. It comes after the Bundesbank said Germany's GDP may have continued to shrink over the summer, with its latest data suggesting industrial production fell.
The central bank pointed to a big drop in sentiment indicators for manufacturing firms in its monthly report. It said:"Overall economic performance could again decline slightly. The main reason for this is the continuing downturn in industry."Stock markets were lifted on renewed hopes that Germany would ditch its obsession with running a balanced budget after its finance minister Olaf Scholz said the country could deploy up to €50bn "with full force" to counter any future economic crisis.
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