DAX Tumbles With Inflation Worries In Focus

RTTNews | il y a 1250
DAX Tumbles With Inflation Worries In Focus

(RTTNews) - German stocks tumbled on Thursday as investor focus shifted to inflation and the possibility of a global recession.

The Swiss National Bank raised its policy interest rate for the first time in 15 years today, joining other central banks in tightening monetary policy to control inflation. Economists are looking for a 25bp hike from the Bank of England (BoE) later today, taking the Bank rate to 1.25 percent.

The benchmark DAX was down 262 points, or 1.9 percent, at 13,223 after climbing 1.4 percent the previous day.

Automakers BMW and Volkswagen fell over 1 percent after industry data showed European passenger car registrations declined for the tenth successive month in May, but at a slower pace.

Passenger car sales fell 11.2 percent year-over-year in May, following a 20.6 percent decrease in April.

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Soft Start Expected For South Korea Shares

Soft Start Expected For South Korea Shares

The South Korea stock market bounced higher again on Monday, one session after ending the four-day winning streak in which it had surged almost 220 points or 5.5 percent. The KOSPI sits just beneath the 4,090-point plateau although it's expected to turn lower again on Tuesday.
RTTNews | il y a 1h 16min
RBA Minutes On Tap For Tuesday

RBA Minutes On Tap For Tuesday

The Reserve Bank of Australia will on Tuesday release the minutes from its monetary policy meeting on November 4, highlighting a light day for Asia-Pacific economic activity.
RTTNews | il y a 1h 46min
Swiss Market Ends Modestly Lower

Swiss Market Ends Modestly Lower

After staying a bit positive early on in the session on Monday, the Switzerland market slipped and languished in negative territory till the end of the day's session as the mood remained cautious with investors looking for directional clues.
RTTNews | il y a 5h 18min
European Stocks Close Lower After Cautious Session

European Stocks Close Lower After Cautious Session

European stocks closed weak on Monday as investors largely stayed cautious, looking for fresh data for directional clues. Worries about Artificial Intelligence bubble, and uncertainty about monetary policy moves by major central banks including the Federal Reserve weighed on stocks.
RTTNews | il y a 5h 52min
Canadian Market Recovers After Early Setback

Canadian Market Recovers After Early Setback

After recovering from an early setback Monday morning that saw the benchmark S&P/TSX drop by more than 130 points, Canadian stocks recovered lost ground and are turning in a mixed performance with investors digesting the nation's inflation data, and looking ahead to fresh economic reports from the U.S. for directional clues.
RTTNews | il y a 6h 52min
EU Upgrades Eurozone 2025 Growth Outlook Despite Challenges

EU Upgrades Eurozone 2025 Growth Outlook Despite Challenges

The European Commission said the euro area economy is set to grow more than projected in spring this year driven by a surge in exports ahead of anticipated tariff increases and higher investment in equipment and intangible assets. In the Autumn Forecast released on Monday, the EU raised its economic growth outlook for the current year to 1.3 percent from 0.9 percent.
RTTNews | il y a 11h 17min