DAX Extends Losses On China Growth Concerns

RTTNews | 707 dias atrás
DAX Extends Losses On China Growth Concerns

(RTTNews) - German stocks declined on Friday to extend losses from the previous session on China growth concerns and fears of further interest-rate hikes by the U.S. Federal Reserve.

China's property giant Evergrande has filed for bankruptcy protection in the United States, underscoring the deepening turmoil in the country's property sector.

The benchmark DAX was down 111 points, or 0.7 percent, at 15,565 after declining 0.7 percent in the previous session.

Sports apparel and footwear giant Adidas fell 1.3 percent after renewing a long-term license agreement with Coty Inc., a manufacturer of fragrance, color cosmetics, and skin and body care products.

SUSE soared 60 percent after the software solutions provider said it would quit the Frankfurt Stock Exchange and become a private company again.

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European Economic News Preview: German Business Sentiment Data Due

European Economic News Preview: German Business Sentiment Data Due

Business confidence from Germany and retail sales from the UK are due on Friday, headlining a busy day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK retail sales data for June. Sales are forecast to grow 1.2 percent month-on-month in June, in contrast to the 2.7 percent decrease in May.
RTTNews | 31 minutos atrás
European Shares Set To Open On Cautious Note

European Shares Set To Open On Cautious Note

European stocks are seen opening a tad lower on Friday as investors monitor ongoing trade talks and react to the long-simmering clash between U.S. President Donald Trump and Federal Reserve Chair Jerome Powell.
RTTNews | 38 minutos atrás
Australian Market Maintains Early Losses In Mid-market

Australian Market Maintains Early Losses In Mid-market

The Australian stock market is maintaining its early losses in mid-market moves on Friday and extending the losses in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,700 level, with weakness in mining and financial stocks partially offset by gains in energy and technology stocks.
RTTNews | 2h 52min atrás
Asian Markets Mixed Amid Cautious Trades

Asian Markets Mixed Amid Cautious Trades

Asian markets are trading mixed on Friday, following the mixed cues from Wall Street overnight, as traders are cautious and optimistic that the U.S. will sign up more deals with its remaining trading partners before President Donald Trump's Aug. 1 deadline. The UK, China, Vietnam, and Indonesia have already struck deals, while Canada, India, South Korea, and the EU are ramping up their efforts.
RTTNews | 3h 6min atrás
Sensex, Nifty Set To Extend Losses

Sensex, Nifty Set To Extend Losses

Indian shares look set to open lower on Friday as investors fret over stalled India-U.S. trade deal, slowing earnings growth and continued selling by foreign portfolio investors.
RTTNews | 3h 40min atrás
Rebound Anticipated For Thai Stock Market

Rebound Anticipated For Thai Stock Market

The Thai stock market has finished lower in two of three trading days since the end of the three-day winning streak in which it had spiked more than 50 points or 4.1 percent. The Stock Exchange of Thailand now sits just above the 1,210-point plateau although it's expected to bounce higher again on Friday.
RTTNews | 4h 14min atrás
Japanese Market Notably Lower

Japanese Market Notably Lower

Reversing some of the strong gains in the previous two sessions, the Japanese market is notably lower on Friday, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling well above the 41,650 level, with weakness across most sectors led by exporters, automakers and financial stocks.
RTTNews | 4h 36min atrás