DAX Slips As Industrial Production Extends Decline

RTTNews | hace 569
DAX Slips As Industrial Production Extends Decline

(RTTNews) - German stocks edged down slightly on Wednesday after industrial production posted a sharper-than-expected decline in December.

German industrial output dropped 1.6 percent on month, bigger than the revised 0.2 percent fall in November and also economists' forecast of 0.4 percent decrease, data from Destatis revealed.

On a yearly basis, the decline in industrial production softened to 3.0 percent from 4.3 percent in November.

The benchmark DAX was down 42 points, or 0.3 percent, at 16,991 after gaining 0.8 percent in the previous session.

In corporate news, computer software company TeamViewer soared almost 11 percent after Q4 revenue beat estimates.

Bio-pharmaceutical firm Evotec added about 1 percent after expanding a collaboration with Advanced BioScience Laboratories to fight against HIV.

Siemens Energy advanced 1.4 percent after it swung to a 1.58 billion-euro ($1.7 billion) net profit in the first quarter and confirmed is FY24 outlook.

read more
Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
RTTNews | hace 49 minutos
U.S. Consumer Prices Increase In Line With Estimates In July

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
RTTNews | hace 1h 33min
German Unemployment Exceeds 3 Mln

German Unemployment Exceeds 3 Mln

Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1
RTTNews | hace 2h 2min
Pound Slides Against Majors

Pound Slides Against Majors

The British pound weakened against other major currencies in the European session on Friday, weighed down to a large extent by the weakness in the financial sector, amid reports of likely imposition of windfall tax on banks.
RTTNews | hace 3h 16min