DAX Tumbles With Inflation Worries In Focus

RTTNews | 1148天前
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.

read more
China Exports Growth Accelerates; Imports Rise Unexpectedly

China Exports Growth Accelerates; Imports Rise Unexpectedly

China's exports logged a robust growth in July as the sharp decline in shipments to the US was offset by the rise in exports to the EU and other markets, official data revealed Thursday. Exports surged 7.2 percent on a yearly basis, following June's 5.8 percent increase, the customs office reported. Exports were forecast to climb 5.4 percent.
RTTNews | 36分鐘前
UK House Prices Rise At Fastest Pace In 6 Months

UK House Prices Rise At Fastest Pace In 6 Months

UK house prices grew at the fastest pace in six months in July as the property market started to stabilize following the end of the stamp duty holiday, data from the mortgage lender Halifax showed on Thursday. House prices increased by more-than-expected 0.4 percent in July from June. Prices were expected to grow at a steady pace of 0.1 percent in July. Moreover, this was the fastest growth sinc
RTTNews | 1小時16分鐘前
NZ Dollar Advances Against Majors

NZ Dollar Advances Against Majors

The New Zealand dollar strengthened against other major currencies in the Asian session on Thursday.
RTTNews | 1小時36分鐘前
German Exports Recover In June

German Exports Recover In June

Germany's exports grew for the first time in three months in June despite falling shipments to the US, data from Destatis revealed Thursday. Exports advanced 0.8 percent on a monthly basis in June, reversing a fall of 1.4 percent in May. Shipments were expected to rise 0.5 percent. Reflecting the impact of higher tariff, exports to the United States dropped 2.1 percent on a monthly basis.
RTTNews | 1小時47分鐘前
European Economic News Preview: BoE Likely To Cut Rates

European Economic News Preview: BoE Likely To Cut Rates

The Bank of England is widely expected to cut its interest rates for the fifth time in a year to support the economy even as inflation continued to stay stubbornly above the target. Markets anticipate a quarter-point cut, bringing the bank rate to 4.00 percent, which will be the lowest since early 2023.
RTTNews | 2小時52分鐘前
European Shares Poised For Mixed Open

European Shares Poised For Mixed Open

European stocks are seen opening on a mixed note Thursday after U.S. President Donald Trump announced he will impose a 100 percent tariff on imports of semiconductors and chips, with exemptions for companies relocating production to the U.S.
RTTNews | 3小時17分鐘前