DAX Dips On Growth Worries
(RTTNews) - German stocks slipped on Wednesday amid growth worries after big U.S. banks cautioned of a likely recession next year.
Closer home, German industrial production fell less than expected in October, data released earlier today showed.
Output dipped 0.1 percent month-on-month in October versus expectations for a 0.6 percent drop.
On an annual basis, production was flat in October following a 3.1 percent increase the month before.
The benchmark DAX slipped 20 points, or 0.1 percent, to 14,323 after losing 0.7 percent the previous day.
MorphoSys AG jumped 3.2 percent after signing a licensing deal with Novartis for a cancer program.
Klöckner & Co. fell over 1 percent. The company said it has received the first CO2-minimized stainless-steel coil from Outokumpu.
U.S. Dollar Falls Against Euro, Pound
Swiss Market Ends On Weak Note
European Markets Close Weak On Growth Concerns, Fading Fed Rate Cut Hopes
Canadian Market Rebounds From Early Setback; Technology, Energy Stocks Rise
Bay Street Likely To Open On Weak Note
FTSE 100 Down Sharply As Bond Yields Climb Higher
CAC 40 Sheds About 1.3% On Economic Concerns
