DAX Declines In Cautious Trade

RTTNews | vor 787 Tagen
DAX Declines In Cautious Trade

(RTTNews) - German stocks declined on Tuesday due to lack of directional cues from Wall Street.

Closer home, preliminary data from Destatis showed earlier today that Germany's producer price inflation eased for the eighth straight month in May to reach its lowest level in more than two years amid a fall in energy prices.

The producer price index climbed 1.0 percent year-over-year in May, slower than the 4.1 percent rise in April. Economists had forecast price growth to ease to 1.7 percent.

Further, the latest inflation rate was the weakest since January 2021, when prices had risen 0.9 percent.

On a monthly basis, the producer price index decreased at a stable rate of 0.3 percent in May, marking its fourth straight fall in a row.

The benchmark DAX was down 0.7 percent at 16,087 after declining 1 percent in the previous session.

In corporate news, specialty chemicals company Lanxess plunged 17 percent after cutting its second-quarter and full-year 2023 adjusted EBITDA guidance, citing weak demand.

read more
TSX Down Marginally In Lackluster Trade

TSX Down Marginally In Lackluster Trade

Canadian stocks are turning in a mixed performance in somewhat lackluster trade on Friday, with investors focusing on the upcoming US - Russia summit that could help end the war in Ukraine.
RTTNews | vor 1Std 50 Minuten
Swiss Market Ends On Firm Note

Swiss Market Ends On Firm Note

The Switzerland market ended on a firm note on Friday with stocks from across several sectors gaining ground on sustained buying support. The mood remained positive right through the day's session, amid some expectations about an end to the Ukraine war.
RTTNews | vor 2Std 18 Minuten
European Stocks Close Mixed After Cautious Session

European Stocks Close Mixed After Cautious Session

European stocks closed on a mixed note on Friday with investors largely staying cautious, awaiting the meeting of the Presidents of the U.S. and Russia, and continuing to assess Trump administration's tariff moves and their impact on global economic growth.
RTTNews | vor 2Std 36 Minuten
U.S. Business Inventories Rise In Line With Estimates In June

U.S. Business Inventories Rise In Line With Estimates In June

A report released by the Commerce Department on Friday showed business inventories in the U.S. increased in line with economist estimates in the month of June. The Commerce Department said business inventories rose by 0.2 percent in June after coming in unchanged in May. The uptick matched expectations.
RTTNews | vor 4Std 14 Minuten
U.S. Consumer Sentiment Unexpectedly Deteriorates In August

U.S. Consumer Sentiment Unexpectedly Deteriorates In August

Consumer sentiment in the U.S. has unexpectedly deteriorated in the month of August, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index fell to 58.6 in August from 61.7 in July. Economists had expected the index to inch up to 62.0.
RTTNews | vor 4Std 32 Minuten
U.S. Industrial Production Pulls Back Slightly In July

U.S. Industrial Production Pulls Back Slightly In July

A report released by the Federal Reserve on Friday showed a modest decrease by U.S. industrial production in the month of July. The Fed said industrial production edged down by 0.1 percent in July after climbing by an upwardly revised 0.4 percent in June. Economists had expected industrial production to come in unchanged.
RTTNews | vor 5Std 1 Minuten
New York Manufacturing Index Unexpectedly Climbs To Nine-Month High In August

New York Manufacturing Index Unexpectedly Climbs To Nine-Month High In August

The Federal Reserve Bank of New York released a report on Friday showing regional manufacturing activity unexpectedly grew at a faster rate in the month of August. The New York Fed said its general business conditions index climbed to 11.9 in August from 5.5 in July, with a positive reading indicating growth. Economists had expected the index to fall to 0.5.
RTTNews | vor 5Std 25 Minuten