DAX Tumbles With Inflation Worries In Focus

RTTNews | vor 1250 Tagen
DAX Tumbles With Inflation Worries In Focus

(RTTNews) - German stocks tumbled on Thursday as investor focus shifted to inflation and the possibility of a global recession.

The Swiss National Bank raised its policy interest rate for the first time in 15 years today, joining other central banks in tightening monetary policy to control inflation. Economists are looking for a 25bp hike from the Bank of England (BoE) later today, taking the Bank rate to 1.25 percent.

The benchmark DAX was down 262 points, or 1.9 percent, at 13,223 after climbing 1.4 percent the previous day.

Automakers BMW and Volkswagen fell over 1 percent after industry data showed European passenger car registrations declined for the tenth successive month in May, but at a slower pace.

Passenger car sales fell 11.2 percent year-over-year in May, following a 20.6 percent decrease in April.

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Swiss Market Ends Modestly Lower

Swiss Market Ends Modestly Lower

After staying a bit positive early on in the session on Monday, the Switzerland market slipped and languished in negative territory till the end of the day's session as the mood remained cautious with investors looking for directional clues.
RTTNews | vor 2Std 41 Minuten
European Stocks Close Lower After Cautious Session

European Stocks Close Lower After Cautious Session

European stocks closed weak on Monday as investors largely stayed cautious, looking for fresh data for directional clues. Worries about Artificial Intelligence bubble, and uncertainty about monetary policy moves by major central banks including the Federal Reserve weighed on stocks.
RTTNews | vor 3Std 14 Minuten
Canadian Market Recovers After Early Setback

Canadian Market Recovers After Early Setback

After recovering from an early setback Monday morning that saw the benchmark S&P/TSX drop by more than 130 points, Canadian stocks recovered lost ground and are turning in a mixed performance with investors digesting the nation's inflation data, and looking ahead to fresh economic reports from the U.S. for directional clues.
RTTNews | vor 4Std 14 Minuten
EU Upgrades Eurozone 2025 Growth Outlook Despite Challenges

EU Upgrades Eurozone 2025 Growth Outlook Despite Challenges

The European Commission said the euro area economy is set to grow more than projected in spring this year driven by a surge in exports ahead of anticipated tariff increases and higher investment in equipment and intangible assets. In the Autumn Forecast released on Monday, the EU raised its economic growth outlook for the current year to 1.3 percent from 0.9 percent.
RTTNews | vor 8Std 40 Minuten
Bay Street Likely To See Mixed Start

Bay Street Likely To See Mixed Start

Canadian stocks are likely to open on a mixed note on Monday, tracking the trend in European markets and commodity prices. Canadian inflation data, due this morning, could significantly impact the mood. Investors will also be looking ahead to some crucial economic data this week.
RTTNews | vor 8Std 47 Minuten
FTSE 100 Drifts Lower In Cautious Trade; WPP Rises Sharply

FTSE 100 Drifts Lower In Cautious Trade; WPP Rises Sharply

U.K. stocks are turning in a mixed performance in cautious trade on Monday as investors await fresh economic data for directional clues. Worries about AI bubble and uncertainty about upcoming policy moves of major central banks, including the Federal Reserve, also contribute to the cautious mood in the market.
RTTNews | vor 9Std 18 Minuten