DAX Little Changed As Weak Data Stokes Growth Worries

RTTNews | Před 1125 dny
DAX Little Changed As Weak Data Stokes Growth Worries

(RTTNews) - German stocks were little changed on Friday after U.S. social media group Snap blamed tough macroeconomic conditions for bleak results and new survey results showed Germany's private sector activity deteriorated more-than-expected in July.

The flash composite output index dropped from 51.3 in June to a 25-month low of 48.0 in July, logging the worst performance for over two years amid weaker domestic and export demand, flash survey data from S&P Global showed. Both the services and manufacturing sectors registered declines in July.

The benchmark DAX was virtually unchanged at 13,254 after declining 0.3 percent the previous day.

Ceconomy shares plummeted 23 percent after the owner of retail chains Saturn and Media Markt slashed its outlook for full-year results.

MTU Aero Engines gained 1 percent. The engine maker has won contracts totaling almost $600 million at the Farnborough International Air Show.

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NZ Dollar Slides As RBNZ Cuts Rate By 25 Bps

NZ Dollar Slides As RBNZ Cuts Rate By 25 Bps

The New Zealand dollar weakened against other major currencies in the Asian session on Wednesday, after the Reserve Bank of New Zealand decided to cut its key interest rate by 25 basis points and signaled further easing.
RTTNews | Před 45 minutami
European Economic News Preview: UK Inflation Data Due

European Economic News Preview: UK Inflation Data Due

Consumer prices from the UK and the euro area due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics publishes UK consumer prices for July. Inflation is seen rising to 3.7 percent in July from 3.6 percent in the previous month.
RTTNews | Před 1 h 7 min
China Leaves Benchmark Interest Rate Unchanged

China Leaves Benchmark Interest Rate Unchanged

The People's Bank of China maintained its interest rates on Wednesday, as Beijing focus on fiscal policy easing and more targeted measures. The central bank left its one-year loan prime rate at 3.0 percent. Similarly, the five-year LPR, the benchmark for mortgage rates, was retained at 3.50 percent. The bank had reduced its both LPRs by quarter points in October 2024.
RTTNews | Před 1 h 16 min
Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Wednesday.
RTTNews | Před 2 h 5 min
NZ Dollar Slides Against Majors

NZ Dollar Slides Against Majors

The New Zealand dollar weakened against other major currencies in the Asian session on Wednesday.
RTTNews | Před 2 h 42 min