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DAX Slips As Automakers Drag On China Demand Concerns
(RTTNews) - German stocks edged lower on Wednesday, though the downside remained capped after U.S. President Joe Biden said it was "unlikely" that the blast in Poland may have been caused by a missile fired from Russian territory.
The benchmark DAX slipped 36 points, or 0.3 percent, to 14,342 after gaining half a percent in the previous session.
Siemens Energy jumped 4.7 percent. The company swung to a profit in the fourth quarter of its fiscal year and said it expects net loss to reduce in fiscal 2023.
Mercedes Benz Group tumbled 4 percent after slashing prices on two electric car models in China.
Rival BMW lost 2.6 percent and Volkswagen gave up 2.4 percent.
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U.S. Consumer Confidence Deteriorates For Fifth Straight Month In December
Consumer confidence in the U.S. deteriorated for the fifth consecutive month in December, according to a report released by the Conference Board on Tuesday. The Conference Board said its consumer confidence index slid to 89.1 in December from an upwardly revised 92.9 in November.
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1h 51min ago
U.S. Industrial Production Rises 0.2% In November, Slightly More Than Expected
A report released by the Federal Reserve on Tuesday showed industrial production in the U.S. increased by slightly more than expected in the month of November. The Fed said industrial production rose by 0.2 percent in November after edging down by 0.1 percent in October. Economists had expected industrial production to inch up by 0.1 percent.
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1h 55min ago
U.S. Economy Grows Much More Than Expected In Q3
A report released by the Commerce Department on Tuesday showed the U.S. economy grew by much more than expected in the third quarter of 2025. The Commerce Department said real gross domestic product spiked by 4.3 percent in the third quarter after surging by 3.8 percent in the second quarter. Economists had expected GDP to jump by 3.3 percent.
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2h 16min ago
U.S. Durable Goods Orders Plunge 2.2% In October, More Than Expected
Reflecting a steep drop in orders for transportation equipment, the Commerce Department released a report on Tuesday showing new orders for U.S. manufactured durable goods fell by more than expected in the month of October. The report said durable goods orders tumbled by 2.2 percent in October after climbing by an upwardly revised 0.7 percent in September.
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2h 30min ago
U.S. Industrial Production Rises Slightly More Than Expected In November
A report released by the Federal Reserve on Tuesday showed industrial production in the U.S. increased by slightly more than expected in the month of November.
RTTNews
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2h 49min ago
Gold Rises To Fresh Record High On Safe-haven Buying
Gold prices surged to fresh record highs Tuesday morning on safe-haven buying amid escalating US-Venezuela tensions, and somewhat fading possibility of any quick end to the Russia-Ukraine war. A weak dollar contributed as well to the yellow metal's rise.
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3h 13min ago
TSX May Climb To Fresh Record Highs
Canadian shares look set to extend recent gains, and the benchmark S&P/TSX Composite is seen climbing to new highs Wednesday morning as metal stocks may see another round of buying, tracking firm precious metal prices.
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3h 32min ago
U.S. Gross Domestic Product Spikes Much More Than Expected In Q3
A report released by the Commerce Department on Tuesday showed the U.S. economy grew by much more than expected in the third quarter of 2025.
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3h 35min ago
