DAX Slips Into Red As Adidas Warns Of Losses

RTTNews | hace 931
DAX Slips Into Red As Adidas Warns Of Losses

(RTTNews) - German stocks edged lower on Friday, with uncertainty about further interest-rate hikes by the Federal Reserve and footwear maker Adidas' weak forecast denting sentiment.

The euro struggled to find direction while government bond yields edged higher after the Bundesbank's president, Joachim Nagel, reaffirmed his call for more interest rate increases.

The benchmark DAX was down 83 points, or half a percent, at 15,440 after climbing 0.7 percent in the previous session.

Adidas slumped more than 9 percent as it warned of an operating loss of as much as €700 million in 2023 from the fallout over its dispute with rapper and former partner Ye. PUMA SE shares were down nearly 3 percent.

Healthcare group Fresenius fell 2.3 percent, a day after confirming it was exploring steps to relinquish control of its dialysis subsidiary.

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Swiss Market Ends Modestly Lower

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.
RTTNews | hace 1h 27min
European Stocks Close Lower On Geopolitical Tensions

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.
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Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

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RTTNews | hace 4h 59min
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 5h 43min
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 6h 12min