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Ifo economist Klaus Wohlrabe said on Monday he expected zero growth in the fourth quarter in Germany and that there were almost no bright spots for German industry at present.

Despite opposition from nearly half of Brazil's voters, leftist President Dilma Rousseff won re-election on Sunday and will have another four years to try to revive growth in a once-booming economy gone stagnant.

Pro-Europe parties secured a big win in an election in Ukraine, a partial vote count showed on Monday, with President Petro Poroshenko hailing people's support for his plan to end a separatist war and pursue democratic reforms sought by the West.