DAX Tumbles With Inflation Worries In Focus

RTTNews | 1070 dias atrás
DAX Tumbles With Inflation Worries In Focus

(RTTNews) - German stocks tumbled on Thursday as investor focus shifted to inflation and the possibility of a global recession.

The Swiss National Bank raised its policy interest rate for the first time in 15 years today, joining other central banks in tightening monetary policy to control inflation. Economists are looking for a 25bp hike from the Bank of England (BoE) later today, taking the Bank rate to 1.25 percent.

The benchmark DAX was down 262 points, or 1.9 percent, at 13,223 after climbing 1.4 percent the previous day.

Automakers BMW and Volkswagen fell over 1 percent after industry data showed European passenger car registrations declined for the tenth successive month in May, but at a slower pace.

Passenger car sales fell 11.2 percent year-over-year in May, following a 20.6 percent decrease in April.

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Bay Street Seen Opening On Mixed Note

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UK Inflation Strongest Since Early 2024 On Household Bills, Employer Tax

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RTTNews | 5h 26min atrás
FTSE 100 Down Marginally As Investors Focus On Inflation Data, Earnings

FTSE 100 Down Marginally As Investors Focus On Inflation Data, Earnings

U.K. stocks are marginally down on Wednesday amid concerns over an impasse in Russia-Ukraine peace talks, a lack of progress in trade negotiations, and data showing an acceleration in British consumer price inflation in the month of April. Investors are also reacting to some corporate earnings announcements.
RTTNews | 5h 34min atrás
CAC 40 Moderately Lower In Cautious Trade

CAC 40 Moderately Lower In Cautious Trade

French stocks are under a bit of pressure on Wednesday amid uncertainty about Ukraine-Russia peace talks, and a lack of positive progress on the trade front. The recent downgrade of U.S. sovereign credit rating by Moody's weigh as well on investor sentiment.
RTTNews | 6h 6min atrás
Sensex, Nifty Snap Three-day Losing Streak

Sensex, Nifty Snap Three-day Losing Streak

Indian shares eked out modest gains on Wednesday, after having suffered heavy losses in the previous session amid rising geopolitical tensions, growing concerns over U.S. debt and a spike in Covid-19 cases in Southeast Asia.
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DAX Drifts Lower On Geopolitical Concerns

DAX Drifts Lower On Geopolitical Concerns

German stocks are down in negative territory on Wednesday as investors make cautious moves, awaiting fresh news on the trade front. The impasse in Ukraine peace talks and data showing a bigger than expected increase in UK inflation weigh on sentiment.
RTTNews | 6h 35min atrás
Asian Shares Rise In Cautious Trade; Nikkei Drops On Yen Strength

Asian Shares Rise In Cautious Trade; Nikkei Drops On Yen Strength

Asian stocks ended mostly higher on Wednesday, with Japanese markets underperforming as the yen continued to strengthen on BoJ rate hike bets and data showed Japan's export growth continued to decelerate for the second consecutive month.
RTTNews | 7h 47min atrás