DAX Down Nearly 0.5% In Cautious Trade Amid Trade Tensions

RTTNews | hace 6
DAX Down Nearly 0.5% In Cautious Trade Amid Trade Tensions

(RTTNews) - German stocks are down in negative territory on Monday, weighed down by concerns about trade tensions following China and the U.S. accusing each other of violating their trade agreements.

Investor sentiment is also hurt due to U.S. President Donald Trump's threat that he would increase tariffs on steel and aluminum to 50%.

The benchmark DAX was down 110.88 points or 0.46% at 23,896.43 a little while ago.

Sartorius, down 3.4%, is the biggest loser in the DAX index. Daimler Truck Holding is down nearly 2%, while Infineon Technologies and Porsche are down 2.1% each.

Mercedes-Benz, Continental, Adidas, Siemens Healthineers and BMW are lower by 1.6 to 2%. Porsche Automobil Holding, Volkswagen, Beiersdorf, Brenntag, BASF and Merck are also notably lower.

Heidelberg Materials is up nearly 2%. Bayer is gaining 1.15%, while Rheinmetall, Siemens Energy and Zalando are advancing nearly 1%. MTU Aero Engines and Siemens are up with moderate gains.

On the economic front, the HCOB Germany Manufacturing PMI was revised down to 48.3 in May 2025, from a preliminary estimate of 48.8 and April's 48.4, according to a report from S&P Global. This marked the 35th consecutive month of contraction in the manufacturing sector, although output continued to grow modestly.

Meanwhile, the downturn in euro zone manufacturing eased further in May, with the corresponding PMI rising to 49.40 from 49 points in April.

read more
Yen Rises After Japan GDP Data

Yen Rises After Japan GDP Data

The Japanese yen strengthened against other major currencies in the Asian session on Monday, after data showed that an upward revision to Japan's first quarter GDP supporting the interest rate hike expectations.
RTTNews | hace 1h 27min
China Consumer Prices Fall For Fourth Month; Exports Rise

China Consumer Prices Fall For Fourth Month; Exports Rise

China's consumer prices declined for the fourth consecutive month and the decline in producer prices worsened in May, deepening deflation worries among policymakers as domestic demand remained weak despite taking enormous measures to boost consumption. Another report showed an increase in exports in May despite a sharp decline in shipments to the US due to trade tariff uncertainties.
RTTNews | hace 2h 0min
Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Monday.
RTTNews | hace 2h 29min
Australian Dollar Rises As Traders Focus On US-China Trade Talks

Australian Dollar Rises As Traders Focus On US-China Trade Talks

The Australian dollar strengthened against other major currencies in the Asian session on Monday, as traders will be closely watching the US-China trade discussions because they will impact the next move in the Australian Dollar (AUD).
RTTNews | hace 2h 57min
European Shares Likely To Open On Soft Note

European Shares Likely To Open On Soft Note

European stocks are seen opening broadly lower on Monday as investors react to Trump-Elon Musk feud over the president's tax-and-spending plan and await the high-level U.S.-China trade talks.
RTTNews | hace 3h 27min
Sensex, Nifty Open Higher On Strong US Jobs Data

Sensex, Nifty Open Higher On Strong US Jobs Data

Indian shares traded higher on Monday, with underlying sentiment supported by firm cues from global markets after the release of better-than-expected monthly jobs report from the U.S.
RTTNews | hace 4h 54min