DAX Slips As Rate Hike Worries Weigh

RTTNews | 927 दिनों पहले
DAX Slips As Rate Hike Worries Weigh

(RTTNews) - German stocks drifted lower on Monday amid U.S. rate hike worries and heightened tensions between the U.S. and China after the U.S. military on Saturday shot down a suspected Chinese spy balloon off the Carolina coast.

Investors ignored data showing that German factory orders bounced back in December, driven by large-scale orders.

Factory orders rose 3.2 percent in December compared with a 4.4 percent fall in November on a price-adjusted basis, the statistics office Destatis said.

The benchmark DAX was down 88 points, or 0.6 percent, at 15,387 after declining 0.2 percent on Friday.

Aurubis shares plunged more than 6 percent. The copper producer reported that its first quarter net income dropped 81 percent to 57 million euros from 301 million euros in the same quarter last year.

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FTSE 100 Slips Ahead Of Speeches At Jackson Hole Symposium

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The British pound strengthened against other major currencies in the European session on Thursday.
RTTNews | 2घंटे 44 मिनट पहले
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European stocks were little changed on Thursday as investors looked ahead to Federal Reserve Chair Jerome Powell's speech at the Jackson Hole symposium for hints of possible rate cuts this year.
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The Indian rupee strengthened against the U.S. dollar in the European session on Thursday, after India's private sector activity expanded at the fastest pace on record amid sharp growth in new orders.
RTTNews | 3घंटे 3 मिनट पहले