DAX Drifts Lower As Investors Await Outcome Of Sino-US Trade Talks

RTTNews | 31 days ago
DAX Drifts Lower As Investors Await Outcome Of Sino-US Trade Talks

(RTTNews) - German stocks are drifting lower on Tuesday as investors await the outcome of high-level U.S. - China trade talks in London. The negotiations, which commenced on Monday, have not yielded any positive news so far.

U.S. Commerce Secretary Howard Lutnik said talks are going well and are expected to go all day Tuesday.

The benchmark DAX was down 128.28 points or 0.61% at 24,045.51 a little while ago.

Rheinmetall is down by about 2.5%. Zalando, Commerzbank, SAP and Deutsche Telekom are down 1 to 1.6%.

Bayer, Munich RE, Heidelberg Materials, Deutsche Boerse and Merck are lower by 0.3 to 1%.

Porsche is rising more than 1%. Qiagen, BASF, BMW, Sartorius, E.ON, Mercedes-Benz, Brenntag and Fresenius Medical Care are down 0.5 to 0.9%.

The yield on Germany 5-year bond has dropped to 2.14%, declining marginally from the previous session.

read more
European Stocks Close Weak As Trade War Fears Hurt Sentiment

European Stocks Close Weak As Trade War Fears Hurt Sentiment

European stocks closed lower on Friday as trade war fears resurfaced after U.S. President Donald Trump announced a 35% tariff on Canadian goods, effective August 1, 2025, and warned of a blanket tariff of 15-20% on most trading partners.
RTTNews | 18 minutes ago
Canadian Market Remains Weak On Tariff Concerns

Canadian Market Remains Weak On Tariff Concerns

After a weak start and a subsequent drop to lower levels, the Canadian market continues to languish in negative territory a little past noon on Friday. The mood is cautious amid escalating trade war fears following U.S. President Donald Trump announced a 35% tariff on all non-USMCA Canadian imports, effective August 1.
RTTNews | 58 minutes ago
Bay Street Likely To Open Lower

Bay Street Likely To Open Lower

Canadian shares look headed for a weak start on Friday due to trade war concerns, although fairly firm crude oil and bullion prices may help limit the market's downside. Data showing an increase in Canadian employment in the month of June and a drop in the unemployment rate may also aid sentiment a bit.
RTTNews | 4h 41min ago
Pound Falls As U.K. Economy Contracts For Second Straight Month

Pound Falls As U.K. Economy Contracts For Second Straight Month

The British pound weakened against other major currencies in the European session on Friday, as the UK economy shrank for the second consecutive month in May, adding challenges to Chancellor Rachel Reeves in achieving her self-imposed borrowing rules.
RTTNews | 4h 48min ago
Pound Falls Against Majors

Pound Falls Against Majors

The British pound weakened against other major currencies in the European session on Friday.
RTTNews | 5h 11min ago
Yen Retreats Amid US-Japan Trade Uncertainty

Yen Retreats Amid US-Japan Trade Uncertainty

The Japanese yen retreated from early highs against other major currencies in the European session on Friday, amid concerns on US-Japan relations in light of Trump's placement of a 25 percent tariff on Japanese exports this week, which will go into force on August 1.
RTTNews | 6h 0min ago