DAX Slips On Inflation Concerns

RTTNews | vor 715 Tagen
DAX Slips On Inflation Concerns

(RTTNews) - German stocks fell on Wednesday and bond yields jumped after data showed the consumer price index in the bellwether state of North Rhine-Westphalia rose by 5.9 % year-on-year in August from 5.8 percent in July.

A measure of German import prices saw the sharpest drop since January 1987 in July, offering some relief.

Meanwhile, the consumer confidence indicator in the Euro Area has been confirmed at -16 in August 2023, down from -15.1 in July.

The benchmark DAX was down 46 points, or 0.3 percent, at 15,884 after climbing 0.9 percent in the previous session.

Media, services and education company Bertelsmann gained 1.3 percent after sounding optimistic about the business performance in 2023.

Delivery Hero shares slumped 6.6 percent after the online food delivery service reported net and operating losses for the first half.

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Swiss Market Ends Modestly Higher After Mild Struggle

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RTTNews | vor 4Std 30 Minuten
Major European Markets Close On Positive Note

Major European Markets Close On Positive Note

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RTTNews | vor 4Std 46 Minuten
U.S. Producer Price Growth Far Exceeds Estimates In July

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RTTNews | vor 7Std 14 Minuten
U.S. Weekly Jobless Claims Unexpectedly Dip To 224,000

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RTTNews | vor 7Std 47 Minuten
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RTTNews | vor 8Std 28 Minuten
Bay Street Likely To Open On Mixed Note

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RTTNews | vor 8Std 59 Minuten
S&P Sees Limited Impact From U.S. Tariffs On Indian Economy, Raises Ratings

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RTTNews | vor 9Std 2 Minuten