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DAX Down Marginally In Lackluster Trade
(RTTNews) - German stocks are subdued in lackluster trade on Monday as investors, looking for directional clues, largely refrain from making significant moves.
According to reports, EU leaders are preparing for a showdown over U.S. tariff threats, pressing the European Commission to prepare countermeasures, including tariffs on U.S. goods, restrictions on digital services, and limits on public procurement access.
The benchmark DAX was down 16.01 points or 0.07% at 24,271.56 a little while ago.
Fresenius Medical Care is down 1.1%. MTU Aero Engines, Rheinmetall, Beiersdorf, Allianz, Commerzbank, Deutsche Boerse, Mercedes-Benz and Deutsche Telekom are down 0.5 to 1%.
BASF is rising more than 2%, and Vonovia is gaining about 1.75%. Daimler Truck Holding, Siemens, Heidelberg Materials, RWE, E.ON, Infineon Technologies and Zalando are up 0.5 to 1.2%.
Bayer is up by about 0.4%. The company announced that it has secured EU approval for Nubeqa as third indication for metastatic hormone-sensitive prostate cancer.
Pound Slides Against Most Majors
Swiss Market Ends Moderately Lower
European Stocks Close Mostly Weak As Investors React To Earnings
U.S. Consumer Price Growth Matches Estimates In June
German Unemployment Rises In July
U.S. Jobless Claims Inch Up Less Than Expected To 218,000
U.S. Consumer Prices Increase In Line With Estimates In June
