DAX Tumbles With Inflation Worries In Focus

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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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U.S. Wholesale Inventories Inch Up Less Than Expected In June

U.S. Wholesale Inventories Inch Up Less Than Expected In June

Wholesale inventories in the U.S. crept up by less than expected in the month of June, according to a report released by the Commerce Department on Thursday. The Commerce Department said wholesale inventories inched up by 0.1 percent in June after falling by 0.3 percent in May. Economists had expected wholesale inventories to rise by 0.2 percent, in line with the preliminary estimate.
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U.S. Labor Productivity Rebounds Roughly In Line With Estimates In Q2

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Labor productivity in the U.S. saw a significant rebound in the second quarter of 2025, according to preliminary data released by the Labor Department on Thursday. The report said labor productivity shot up by 2.4 percent in the second quarter after tumbling by a downwardly revised 1.8 percent in the first quarter.
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U.S. Jobless Claims Rise More Than Expected To 226,000

U.S. Jobless Claims Rise More Than Expected To 226,000

A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits rose by more than expected in the week ended August 2nd. The Labor Department said initial jobless claims climbed to 226,000, an increase of 7,000 from the previous week's revised level of 219,000.
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Bank Of England Cuts Rate In Tight Vote

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The Bank of England reduced its benchmark interest rate in a close call on Thursday suggesting that the monetary easing cycle is nearing an end as policymakers became more concerned about persistent inflation. The Monetary Policy Committee, headed by BoE Governor Andrew Bailey, voted 5-4 to cut the bank rate by 25 basis points to 4.00 percent.
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U.S. Labor Productivity Surges 2.4% In Second Quarter

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Labor productivity in the U.S. saw a significant rebound in the second quarter of 2025, according to preliminary data released by the Labor Department on Thursday.
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U.S. Weekly Jobless Claims Rise More Than Expected

U.S. Weekly Jobless Claims Rise More Than Expected

A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits rose by more than expected in the week ended August 2nd.
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Pound Jumps After BoE Rate Decision

Pound Jumps After BoE Rate Decision

The British pound strengthened against other major currencies in the European session on Thursday the Bank of England (BoE) reduced UK interest rates by a quarter point, making it the fifth reduction in a year, although almost half of its policymakers opted to maintain borrowing costs.
RTTNews | 6घंटे 20 मिनट पहले