DAX Little Changed As Factory Orders Rise

RTTNews | 566 dias atrás
Stocktwits
DAX Little Changed As Factory Orders Rise

(RTTNews) - German stocks were little changed on Monday after posting strong gains last week on dovish Fed bets.

Meanwhile, Germany's factory orders grew unexpectedly in September, data from Destatis showed earlier today.

New orders climbed 0.2 percent on a monthly basis in September, confounding expectations for a fall of 1.0 percent.

Separately, cancellations of residential construction projects in Germany rose to a new high in October as housing demand weakened further, results of survey by the ifo institute showed today, adding to signs of recession in the biggest euro area economy.

The share of companies that reported cancelled housing projects rose to 22.2 percent from 21.4 percent in the previous month.

The benchmark DAX was marginally higher at 15,192 after edging up 0.3 percent on Friday.

Evotec plunged 5.5 percent after RBC downgraded the biotech firm's stock to "Sector perform" from "Outperform".

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South Korea Bourse May Extend Losing Streak

South Korea Bourse May Extend Losing Streak

The South Korea stock market has finished lower in back-to-back sessions, sinking almost 35 points or 1.4 percent along the way. The KOSPI now rests just above the 2,590-point plateau and it may take further damage on Monday.
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Japan Leading Index Data Due On Monday

Japan Leading Index Data Due On Monday

Japan will on Monday see March results for its leading and coincident indexes, highlighting a modest day for Asia-Pacific economic activity.
RTTNews | 1h 14min atrás
Euro Slips On Trump's Tariff Proposal

Euro Slips On Trump's Tariff Proposal

The euro fell against its major counterparts on Friday, as President Donald Trump proposed tariffs on imports from the European Union starting on June 1.
RTTNews | 2 dias atrás
Swiss Market Ends Weak On Tariff Concerns

Swiss Market Ends Weak On Tariff Concerns

After opening on a positive note and staying above the flat line till about an hour past noon, the Switzerland market tumbled on Friday, hurt by U.S. President Donald Trump's threat that imports from the European Union will face 50% tariffs from June 1st.
RTTNews | 2 dias atrás
European Stocks Closed Weak On Trump's Fresh Tariff Threat

European Stocks Closed Weak On Trump's Fresh Tariff Threat

European stocks closed on a weak note on Friday despite staging a fairly strong recovery past mid afternoon. After staying modestly higher till noon, the major European markets tumbled after U.S. President Donald Trump threatened to impose 50% tariffs on imports from the European Union from June 1st.
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TSX Recovers After Early Setback; Materials Stocks Move Higher

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After a weak start and a subsequent drop to lower levels, the Canadian market recovered well and is down just marginally a little past noon on Friday. The early setback was due to U.S. President Donald Trump's threat that 50% tariffs will be imposed on imports from the European Union beginning June 1st.
RTTNews | 2 dias atrás
U.S. New Home Sales Spike From Downwardly Revised Level In April

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The Commerce Department released a report on Friday showing new home sales in the U.S. in the month of April spiked compared to a significantly downwardly revised level in March. The report said new home sales soared by 10.9 percent to an annual rate of 743,000 in April after jumping by 2.6 percent to a downwardly revised rate of 670,000 in March.
RTTNews | 2 dias atrás
Germany Logs Stronger Growth On Tariff Threats

Germany Logs Stronger Growth On Tariff Threats

The German economy grew at a stronger-than-estimated pace in the first quarter as higher tariff threats by the U.S. administration led to the frontloading of orders for the country's goods, lifting exports and industrial production. Gross domestic product grew 0.4 percent, which was double the initial estimate of 0.2 percent, a detailed report from Destatis revealed on Friday.
RTTNews | 2 dias atrás
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