DAX Little Changed In Lackluster Trade; Banks Gain

RTTNews | 775 dias atrás
DAX Little Changed In Lackluster Trade; Banks Gain

(RTTNews) - German stocks were little changed on Monday after China's GDP data for the second quarter came in below estimates, raising concerns about recovery in the world's second-largest economy.

The benchmark DAX was down 13 points at 16,091 after declining 0.2 percent on Friday. Eurozone bond yields treaded water while the dollar index stabilized after having fallen over 2 percent last week to touch its weakest level since April.

Banks traded higher, with Commerzbank and Deutsche Bank rising around 1 percent each. Medical and safety technology provider Draegerwerk AG & Co. KGaA edged up slightly.

The company reported that its preliminary net sales for the second quarter of 2023 increased 18.1 percent year-over-year to about 771 million euros, while it was up 21.1 percent at net of currency effects.

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German Inflation Accelerates To 2.2% In August

German Inflation Accelerates To 2.2% In August

Consumer price inflation in Germany climbed in August to its highest level in five months, while the core figure was steady amid an acceleration in food price growth, and weakened chances for further easing from the European Central Bank in the near term.
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Swiss Market Ends Modestly Lower

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.
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European Stocks Close Lower On Geopolitical Tensions

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European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.
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Chicago Business Barometer Slumps Much More Than Expected In August

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MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
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U.S. Consumer Prices Increase In Line With Estimates In July

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
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