DAX Slips On Weak Data

RTTNews | il y a 832
DAX Slips On Weak Data

(RTTNews) - German stocks declined on Wednesday after data showed German industrial output rose less than expected in April.

Industrial production in the eurozone's largest economy rose 0.3 percent on the previous month, missing forecasts for a 0.6 percent rise.

Disappointing trade data from China and hawkish ECB comments also weighed on sentiment, heading into next week's Fed and ECB meetings.

The benchmark DAX was down 51 points, or 0.3 percent, at 15,941 after closing 0.2 percent higher in the previous session.

Banks Commerzbank and Deutsche Bank were seeing modest losses.

Automakers BMW and Volkswagen were down around 1 percent each.

Stratec SE advanced 1.6 percent. The company further expanded its presence in the United States by acquiring Natech Plastics.

read more
Japan Trade Data Due On Wednesday

Japan Trade Data Due On Wednesday

Japan will on Wednesday release August numbers for imports, exports and trade balance, highlighting a modest day for Asia-Pacific economic activity.
RTTNews | il y a 40 minutes
Swiss Market Ends On Weak Note

Swiss Market Ends On Weak Note

The Switzerland market closed notably lower on Tuesday, in line with most of the major markets across Europe, as the mood remained cautious ahead of monetary policy announcements from the Federal Reserve and the Bank of England, due on Wednesday and Thursday, respectively.
RTTNews | il y a 4h 12min
U.S. Business Inventories Rise 0.2% In July, In Line With Estimates

U.S. Business Inventories Rise 0.2% In July, In Line With Estimates

The Commerce Department released a report on Tuesday showing business inventories in the U.S. increased in line with expectations in the month of July. The report said business inventories rose by 0.2 percent in July, matching the increase seen June as well as economist estimates.
RTTNews | il y a 5h 28min
U.S. Homebuilder Confidence Holds Steady In September

U.S. Homebuilder Confidence Holds Steady In September

Homebuilder confidence in the U.S. held steady in the month of September, according to a report released by the National Association of Home Builders on Tuesday. The report said the NAHB/Wells Fargo Housing Market Index came in at 32 in September, unchanged from August. Economists had expected the index to inch up to 33.
RTTNews | il y a 5h 56min
U.S. Industrial Production Unexpectedly Inches Slightly Higher In August

U.S. Industrial Production Unexpectedly Inches Slightly Higher In August

Industrial production in the U.S. unexpectedly edged slightly higher in the month of August, according to a report released by the Federal Reserve on Tuesday. The Fed said industrial production crept up by 0.1 percent in August after falling by a downwardly revised 0.4 percent in July. Economists had expected industrial production to slip by 0.1 percent.
RTTNews | il y a 6h 13min
U.S. Import Prices Unexpectedly Increase In August

U.S. Import Prices Unexpectedly Increase In August

A report released by the Labor Department on Tuesday showed import prices in the U.S. unexpectedly increased in the month of August. The Labor Department said import prices rose by 0.3 percent in August after inching up by a downwardly revised 0.2 percent in July. Economists had expected import prices to edge down by 0.1 percent.
RTTNews | il y a 6h 29min