DAX Slips As Business Confidence Falls More Than Expected

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DAX Slips As Business Confidence Falls More Than Expected

(RTTNews) - German stocks drifted lower on Monday after survey results from Ifo Institute showed that Germany's business confidence deteriorated more than expected in July.

The business confidence index came in at 88.6 in July as both current assessment and expectations of firms deteriorated in the month. The reading was forecast to fall to 90.2 from 92.2 in June.

The benchmark DAX was down 34 points, or 0.3 percent, at 13,220 after finishing marginally higher on Friday.

Volkswagen AG shares tumbled 3.5 percent. The automaker has appointed Oliver Blume takes over as new Chairman with effect as of 1 September 2022.

Automotive and industrial supplier Schaeffler was little changed after it agreed to buy Ewellix Group from Triton Fund V for 582 million euros.

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Japan Data On Tap For Friday

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RTTNews | il y a 40 minutes
Euro Climbs Against Majors

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The euro firmed against its major counterparts in the New York session on Thursday.
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Swiss Market Ends Marginally Up

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The Switzerland market ended marginally up on Thursday after a choppy ride as stocks swung between gains and losses right through the day's trading session.
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European Stocks Close Weak

European Stocks Close Weak

European stocks closed lower on Thursday as the mood remained largely cautious with investors closely following geopolitical news, digesting tech giant Nvidia's earnings, and some crucial economic data from the U.S.
RTTNews | il y a 5h 10min
U.S. Pending Home Sales Fall More Than Expected In July

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A report released by the National Association of Realtors on Thursday showed pending home sales in the U.S. fell by more than expected in the month of July. NAR said its pending home sales index decreased by 0.4 percent to 71.7 in July after sliding by 0.8 percent to 72.0 in June. Economists had expected pending home sales to edge down by 0.1 percent.
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Eurozone Economic Confidence Weakens In August

Eurozone Economic Confidence Weakens In August

Eurozone economic sentiment softened unexpectedly in August as only industry and retail trade showed improvements, survey results from the European Commission showed Thursday. The economic sentiment indicator slid to 95.2 in August from a revised 95.7 in the previous month. The score was forecast rise to 96.0.
RTTNews | il y a 8h 20min