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DAX Dips On Profit Taking After Recent Gains
(RTTNews) - German stocks slipped into the red on Friday as caution set in after recent strong gains on optimism over signs the Federal Reserve might slow down the pace of rate hikes.
Investors also expect smaller rate hikes by the European Central Bank amid lingering worries of a recession in the euro zone.
The benchmark DAX slipped 0.1 percent to 14,469 after rising 0.7 percent in the previous session.
Banks were subdued, with Deutsche Bank falling nearly 1 percent. Tech stocks were rising, with Infineon rising half a percent.
The euro extended gains against the dollar for a third straight session, hitting a six-month high and on track for a second weekly gain in a row.
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U.S. Trade Deficit Narrows To $60.2 Billion In June As Imports Plunge
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U.S. Trade Deficit Narrows Slightly More Than Expected In June
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Bay Street May Open Slightly Higher
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CAC 40 Modestly Higher
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Pound Rises Against Majors
The British pound strengthened against other major currencies in the European session on Tuesday.
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