DAX Falls As US Tech Earnings Disappoint

RTTNews | 919 days ago
Stocktwits
DAX Falls As US Tech Earnings Disappoint

(RTTNews) - German stocks fell notably on Friday as investors reacted to disappointing earnings results from U.S. tech companies.

Amazon offered a gloomy view of its financial future and Apple signaled slower growth ahead while Intel announced lower-than-expected earnings guidance for the full fiscal.

The benchmark DAX was down 123 points, or 0.9 percent, at 13,088 after closing 0.1 percent higher the previous day.

Tech stocks fell, with Infineon Technologies falling more than 3 percent.

Porsche AG tumbled 3.2 percent despite the luxury carmaker reporting higher operating profit and sales in its first nine months of fiscal 2022. Further, the company confirmed its fiscal 2022 targets.

Volkswagen gave up nearly 3 percent after saying it expected deliveries to be around the same as last year.

Stocktwits
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Indonesia GDP Data Due On Monday

Indonesia GDP Data Due On Monday

Indonesia will on Monday release Q1 figures for gross domestic product, highlighting a light day for Asia-Pacific economic activity.
RTTNews | 19 minutes ago
U.S. Dollar Recovers After Jobs Data

U.S. Dollar Recovers After Jobs Data

The U.S. dollar rebounded against its major counterparts in the New York session on Friday, after the release of better-than-expected non farm payrolls report for April.
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Swiss Market Ends On Bright Note

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European Stocks Close On Buoyant Note

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RTTNews | 2 days ago
Canadian Market Up Firmly In Positive Territory

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The Commerce Department released a report on Friday showing a sharp increase by new orders for U.S. manufactured goods in the month of March. The report said factory orders spiked by 4.3 percent in March after rising by a downwardly revised 0.5 percent in February.
RTTNews | 2 days ago
U.S. Employment Jumps By 177,000 Jobs In April, Much More Than Expected

U.S. Employment Jumps By 177,000 Jobs In April, Much More Than Expected

Job growth in the U.S. far exceeded economist estimates in the month of April, according to a closely watched report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment shot up by 177,000 jobs in April compared to expectations for an increase of about 130,000 jobs.
RTTNews | 2 days ago
Eurozone Inflation Remains Stable At 2.2%

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Euro area annual inflation remained stable in April near the European Central Bank's 2 percent target, but the trade tariff uncertainty clouds the outlook. The harmonized index of consumer prices grew 2.2 percent on a yearly basis in April, the same pace of increase as seen in March, flash data from Eurostat showed on Friday. Prices were expected to climb at a slower pace of 2.1 percent.
RTTNews | 2 days ago
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