DAX Dips On Growth Worries

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DAX Dips On Growth Worries

(RTTNews) - German stocks traded lower on Tuesday amid growth worries after a survey showed Germany's service sector remained under pressure from weak demand midway through the opening quarter, resulting in a fifth successive monthly drop in business activity.

The benchmark DAX was down 52 points, or 0.3 percent, at 17,663 after closing 0.1 percent lower the previous day.

In corporate news, Bayer, a pharmaceutical and biotechnology major, fell about 1 percent after posting a decline in fourth-quarter sales.

Schaeffler tumbled 3.5 percent. The manufacturer of rolling element bearings reported that its fiscal 2023 net income attributable to shareholders of the parent company amounted to 310 million euros, down from last year's 557 million euros.

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China Manufacturing Activity Returns To Growth

China Manufacturing Activity Returns To Growth

China's manufacturing sector returned to growth in August as rising orders pushed up purchasing activity and unfinished business but firms remained cautious about hiring, survey data from S&P Global showed on Monday. The RatingDog manufacturing Purchasing Managers' Index posted 50.5 in August, up from 49.5 in July. A reading above 50.0 indicates expansion in the sector.
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European Economic News Preview: UK Mortgage Approvals, House Price Data Due

European Economic News Preview: UK Mortgage Approvals, House Price Data Due

Mortgage approvals, house prices and final manufacturing Purchasing Managers' survey results from the UK are the top economic news due on Monday. At 2.00 am ET, the Office for National Statistics releases UK Nationwide house price data. Economists forecast house prices to rise 0.1 percent month-on-month in August, following a 0.6 percent rise in July.
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Sensex, Nifty Open Higher On Q1 GDP Data

Sensex, Nifty Open Higher On Q1 GDP Data

Indian shares opened on a positive note on Monday as new data showed the Indian economy remains on a solid footing.
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Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market trading on Monday, extending the losses in the previous session, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling below the 8,950.00 mark, with weakness in iron ore miners, energy, technology and financial stocks. Gold miners are the only bright spot.
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Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Monday, following the broadly negative cues from Wall Street on Friday, dragged down by tumbling technology stocks that mirrored their peers on Nasdaq. Traders also are concerned about the renewed uncertainty about US President Donald Trump's reciprocal tariffs after a U.S. federal appeals court ruled that the majority of his sweeping tariffs were illegal.
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Thai Shares Tipped To Open Under Water On Monday

Thai Shares Tipped To Open Under Water On Monday

The Thai stock market turned lower again on Friday, one day after snapping the two-day slide in which it had slipped almost 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,235-point plateau and it's likely to open under pressure again on Monday.
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