DAX Dips On Weak Data

RTTNews | vor 1087 Tagen
DAX Dips On Weak Data

(RTTNews) - German stocks were moving lower on Wednesday after data showed Chinese exports and imports lost momentum in August, adding to headwinds for the world's second-largest economy.

Closer home, German industrial production fell 0.3 percent on a monthly basis, reversing a 0.8 percent rise in June, Destatis reported. Output was forecast to decline 0.5 percent.

Year-on-year, industrial production logged a decline of 1.1 percent after easing 0.1 percent in June.

The benchmark DAX slipped 0.3 percent to 12,83 after climbing 0.9 percent in the previous session.

SGL Carbon SE soared 12 percent. The maker of carbon-based products has raised its outlook for the fiscal 2022, citing continued good business development, especially in the Carbon Fibers Business Unit.

Gerresheimer AG fell 2.5 percent after it joined hands with Stevanato Group to develop a high-end Ready-To-Use solution platform with an initial focus on vials, based on Stevanato Group's EZ-fill technology.

Energy giant Uniper plunged 8 percent after warning natural gas prices could jump even higher.

Siemens Energy lost 5 percent after Gazprom said Russia's biggest natural gas pipeline to Europe will not resume pumping until the company repairs faulty equipment.

Siemens Energy said Tuesday that it did not comprehend Gazprom's presentation of the situation.

read more
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.
RTTNews | vor 35 Minuten
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.
RTTNews | vor 3Std 25 Minuten
European Stocks Close Lower On Geopolitical Tensions

European Stocks Close Lower On Geopolitical Tensions

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.
RTTNews | vor 3Std 53 Minuten
Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

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.
RTTNews | vor 6Std 57 Minuten
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.
RTTNews | vor 7Std 40 Minuten
German Unemployment Exceeds 3 Mln

German Unemployment Exceeds 3 Mln

Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1
RTTNews | vor 8Std 10 Minuten