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DAX Tumbles As Banks Drag On Contagion Fears
(RTTNews) - German stocks plunged on Friday, as banks suffered heavy losses on concerns over the collapse of pro-crypto Silvergate bank coupled with the hawkish stance taken by the U.S. Federal Reserve.
Investors waited for the release of monthly U.S. jobs report later in the day that could reinforce expectations of a bigger rate hike later this month.
The benchmark DAX was down 263 points, or 1.7 percent, at 15,370 after ending flat with a positive bias the previous day.
Commerzbank shares plummeted 5 percent and Deutsche Bank lost about 8 percent after U.S. tech-industry lender SVB Financial Group launched a share sale to shore up its balance sheet due to declining deposits from startups struggling for funding.
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German Factory Orders Log Unexpected Fall
Germany's factory orders declined unexpectedly in June on a notable fall in demand from non-EU countries, figures from Destatis revealed on Wednesday. New orders fell 1.0 percent month-on-month in June, confounding expectations for an increase of 1.0 percent. The fall was also sharper than the 0.8 percent decrease posted in May. When large-scale orders are excluded, new orders were 0.5 percent.
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Před 16 minutami
European Shares Seen Higher At Open
European stocks are seen opening broadly higher on Wednesday despite tariff worries, mixed earnings and signs of a weakening U.S. economy.
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Před 2 h 34 min
Sensex, Nifty Little Changed In Early Trade
Indian shares were little changed in cautious trade on Wednesday after U.S. President Donald Trump threatened to raise tariffs on Indian goods "very substantially" within 24 hours, citing India's continued purchases of Russian oil.
RTTNews
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Před 3 h 45 min
European Economic News Preview: Germany Factory Orders Data Due
Factory orders and construction purchasing managers' survey data from Germany and retail sales from the euro area are the top economic news due on Wednesday. At 2.00 am ET, Destatis is scheduled to issue Germany's factory orders data for June. Orders are forecast to grow 1.0 percent month-on-month, in contrast to the 1.4 percent fall in May.
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Před 4 h 0 min
Australian Market Maintains Early Gains In Mid-market
The Australian stock market is maintaining its early gains in mid-market moves on Wednesday, extending to the gains in the previous two sessions, with the benchmark S&P/ASX 200 moving above the 8,800 level to all-time record highs, despite the broadly negative cues from Wall Street overnight, with gains across most sectors led by mining and financial stocks.
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Před 4 h 51 min
Asian Markets Track Wall Street Lower
Asian stock markets are trading mostly lower on Wednesday, following the broadly negative cues from Wall Street overnight, amid the ongoing trade concerns following US President Donald Trump's latest comments on tariffs. Trump said he will be announcing new tariffs on semiconductors and chips as well as up to 250 percent on pharmaceuticals imported into the U.S.
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Před 5 h 14 min
Sensex, Nifty Likely To Open On Flat Note On Tariff Worries
Indian shares look set to open on a flat note Wednesday as investors react to U.S. President Donald Trump's latest tariff threats and await the Reserve Bank of India's policy announcement, with investors expecting a rate pause and dovish signals to offset rising external risks.
RTTNews
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Před 5 h 46 min
Lower Open Called For Thai Stock Market
The Thai stock market has moved higher in back-to-back sessions, gathering almost 30 points or 2.5 percent along the way. The Stock Exchange of Thailand now sits just above the 1,245-point plateau and it's expected to open under pressure on Wednesday.
RTTNews
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Před 6 h 19 min
