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DAX Declines On US Debt Ceiling Worries
(RTTNews) - German stocks tumbled on Wednesday after another round of U.S. debt ceiling talks ended without an agreement.
If Congress does not raise the debt ceiling, the U.S. government will be unable to pay its bills and will default on its debt.
U.S. Treasury Secretary Janet Yellen previously warned lawmakers that a default in early June is "highly likely."
Following recent hawkish talk from several Federal Reserve officials, investors also waited for the minutes from the Federal Reserve's meeting earlier in May for additional clues on the Fed's rate hike path.
The benchmark DAX dropped 216 points, or 1.3 percent, to 15,936 after losing 0.4 percent in the previous session.
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U.S. Consumer Confidence Index Edges Lower In August
A report released by the Conference Board on Tuesday showing a modest deterioration by consumer confidence in the U.S. in the month of August. The Conference Board said its consumer confidence index dipped to 97.4 in August from an upwardly revised 98.7 in July.
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hace 1h 0min
U.S. Durable Goods Orders Slump 2.8% In July, Much Less Than Expected
Reflecting a continued plunge by orders for transportation equipment, the Commerce Department released a report on Tuesday showing a steep drop by new orders for U.S. manufactured durable goods in the month of July. The Commerce Department said durable goods orders slumped by 2.8 percent in July after plummeting by a revised 9.4 percent in June.
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hace 1h 11min
Bay Street May Open On Weak Note
Canadian shares look headed for negative start on Tuesday, weighed down by weak oil prices, and concerns about global trade after U.S. President Donald Trump threatened 200% tariffs on China if Beijing does not export rare-earth magnets to the U.S.
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hace 2h 30min
U.S. Durable Goods Orders Tumble Less Than Expected In July
Reflecting a continued plunge by orders for transportation equipment, the Commerce Department released a report on Tuesday showing a steep drop by new orders for U.S. manufactured durable goods in the month of July.
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hace 2h 35min
FTSE 100 Modestly Lower
After posting gains in the previous five sessions, the U.K. market is exhibiting weakness on Tuesday, weighed down by losses in financials and retail sectors.
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hace 2h 58min
CAC Down Sharply On Widespread Selling
French stocks are down sharply on Tuesday, extending previous session's steep drop, amid ongoing political uncertainty in the country.
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hace 3h 22min
DAX Extending Recent Weakness
German stocks are down in negative territory on Tuesday, extending losses from the previous session, due to geopolitical concerns and uncertainty about tariffs.
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hace 4h 45min
Sensex, Nifty Tumble On Tariff Worries
Indian shares tumbled on Tuesday after the Trump administration officially issued a notice regarding the imposition of an additional 25 percent tariffs on Indian imports, with the punitive duties set to kick in at 12:01 am (EST) on August 27.
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hace 4h 50min
