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DAX Edges Higher Despite Weak China Data
(RTTNews) - German stocks edged higher on Tuesday even as a slew of economic data showed China's economic recovery is losing momentum.
Closer home, the German ZEW economic sentiment survey results for May and Eurozone GDP data are awaited later in the day.
The benchmark DAX was up 23 points, or 0.2 percent, at 15,946 after edging up marginally in the previous session.
Automakers slipped, with Daimler, Mercedes Benz and Volkswagen all falling around 1 percent on China recovery concerns.
Infineon rallied 2.3 percent after the semiconductor company bought Stockholm-based startup Imagimob AB for an undisclosed sum.
Hornbach Holding plunged 8.5 percent after saying it expects sales to remain more or less flat in 2023/24.
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DAX Dips As Inflation Spike Hurts Sentiment
The DAX benchmark that tracks the performance of the 40 largest companies listed on the Frankfurt Stock Exchange is trading deep in the red amidst a higher-than-expected level of inflation reading from Euro Area.
RTTNews
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30分鐘前
Sensex, Nifty Give Up Early Gains To End Lower
Indian shares gave up early gains to end lower on Tuesday ahead of the upcoming two-day Goods and Services Tax (GST) Council meeting later this week.
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1小時25分鐘前
Pound Slides After UK Starmer's Reshuffle
The British pound weakened against other major currencies in the European session on Tuesday, amid rising concerns about the UK government's ability to maintain fiscal discipline.
In order to meet her fiscal goals, Chancellor Rachel Reeves is anticipated to increase taxes in her autumn budget, which could likely weigh on economy.
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1小時39分鐘前
Eurozone Inflation Rises Slightly To 2.1%
Eurozone inflation rose marginally in August but the rate remained near to the European Central Bank's 2 percent target, official data revealed on Tuesday. The harmonized index of consumer prices rose 2.1 percent year-on-year in August, slightly faster than the 2.0 percent increase in July, flash data from Eurostat showed.
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1小時48分鐘前
European Shares Slide As Inflation Accelerates
European stocks traded lower on Tuesday after Eurostat data showed Eurozone inflation rose to 2.1 percent last month, climbing above the European Central Bank's 2 percent target for the first time since April driven by higher prices for food, alcohol and tobacco.
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2小時15分鐘前
Pound Slides Against Majors
The British pound weakened against other major currencies in the European session on Tuesday.
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2小時24分鐘前
FTSE Edges Lower As Yields Jump On Debt Concerns
U.K. stocks traded lower on Tuesday as the 30-year gilt yield hit a 27-year high at 5.680 percent in early trading on rising debt concerns, in a pre-budget blow for chancellor Rachel Reeves.
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2小時34分鐘前
CAC 40 Marginally Higher With French Politics In Focus
French stocks were marginally higher on Tuesday ahead of a crucial confidence vote in parliament next Monday.
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2小時48分鐘前
