DAX Edges Lower Ahead Of GDP Data
(RTTNews) - German stocks opened lower on Monday as investors braced for a busy week of corporate earnings and central bank policy meetings.
Destatis is slated to release German GDP data later in the day. Economists expect the economy to remain flat on a quarterly basis after expanding 0.4 percent in the third quarter.
The benchmark DAX was down 114 points, or 0.8 percent, at 15,035 after closing 0.1 percent higher on Friday.
Tech shares traded lower, with Infineon Technologies falling 2 percent.
DEUTZ AG soared more than 4 percent. The internal combustion engine maker announced that it has inked two multi-million euros agreements with the commercial vehicle maker Daimler Truck Holdings AG to develop and market medium- and heavy-duty engines.
U.S. Dollar Firms Against Majors
Swiss Market Fails To Hold Early Gains, Ends Just Slightly Up
European Stocks Close On Mixed Note After Cautious Session
Rate Cut Hopes Drag The Dollar Down
Bay Street Likely To Open Slightly Higher, But Weak Metal Prices Could Weigh
FTSE 100 Up Marginally As Investors Look For Direction
CAC 40 Drifts Lower In Lackluster Trade
