DAX Little Changed In Lackluster Trade

RTTNews | vor 1122 Tagen
DAX Little Changed In Lackluster Trade

(RTTNews) - German stocks were little changed on Wednesday as U.S.-China tensions over House Speaker Nancy Pelosi's visit to Taiwan weighed, earnings proved to be a mixed bag and a survey showed Germany's service sector contracted in July.

S&P Global's final services PMI fell to a final reading of 49.7 from 52.4 the previous month. That was slightly above a flash estimate of 49.2.

The benchmark DAX was virtually unchanged at 13,456 after closing 0.2 percent lower the previous day.

Luxury carmaker BMW slumped 4.8 percent after it warned of a highly volatile second half.

Semiconductor firm Infineon Technologies rallied 2.5 percent after raising its guidance for the fiscal year.

Lender Commerzbank edged down slightly despite posting better-than-expected profit in the second quarter.

Luxury fashion house Hugo Boss advanced 2.2 percent after raising its FY22 forecast.

read more
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 46 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 1Std 29 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 1Std 59 Minuten
Pound Slides Against Majors

Pound Slides Against Majors

The British pound weakened against other major currencies in the European session on Friday, weighed down to a large extent by the weakness in the financial sector, amid reports of likely imposition of windfall tax on banks.
RTTNews | vor 3Std 13 Minuten