DAX Slides As Banks Drag Amid Russian Turmoil

RTTNews | vor 783 Tagen
DAX Slides As Banks Drag Amid Russian Turmoil

(RTTNews) - German stocks traded lower on Monday as investors reacted to signs of political instability in Russia and the latest German business sentiment reading for June.

The headline German IFO Business Climate Index fell to 88.5 in June from 91.5 in May (revised from 91.7) reflecting weakness in the manufacturing sector, according to data from the Ifo Institute. Analysts expected a score of 90.7.

The benchmark DAX was down 67 points, or 0.4 percent, at 15,762 after losing 1 percent on Friday.

The euro was seeing sideways movement after two consecutive sessions of declines. Automaker BMW dropped 1 percent, Mercedes-Benz shares fell 1.3 percent and Volkswagen was down half a percent.

Banks Commerzbank and Deutsche Bank were down 3.3 percent and 1.8 percent, respectively.

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Euro Higher Against Majors

Euro Higher Against Majors

The euro appreciated against its major counterparts in the New York session on Friday.
RTTNews | vor 1 Tagen
TSX Down Marginally In Lackluster Trade

TSX Down Marginally In Lackluster Trade

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RTTNews | vor 2 Tagen
Swiss Market Ends On Firm Note

Swiss Market Ends On Firm Note

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RTTNews | vor 2 Tagen
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.
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U.S. Business Inventories Rise In Line With Estimates In June

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

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RTTNews | vor 2 Tagen
U.S. Consumer Sentiment Unexpectedly Deteriorates In August

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RTTNews | vor 2 Tagen
U.S. Industrial Production Pulls Back Slightly In July

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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 2 Tagen
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 2 Tagen