DAX Slips On Growth Worries

RTTNews | 737 days ago
DAX Slips On Growth Worries

(RTTNews) - German stocks fell on Tuesday amid growth concerns after a survey showed German manufacturing activity slumped in July.

The headline HCOB Germany Manufacturing PMI dropped to 38.8 in the month, marking the lowest reading since May 2020.

The benchmark DAX was down 112 points, or 0.7 percent, at 16,334 after closing 0.1 percent lower on Monday.

DHL owner Deutsche Post slumped 4.4 percent after it reported a fall in Q2 earnings and revenue.

Commercial vehicle manufacturer Daimler Truck Holding fell more than 2 percent after incoming orders dropped in the second quarter.

TeamViewer jumped 9 percent after the software company reported strong earnings for the second quarter, thanks to higher revenue and lower financial costs.

Real estate investment manager Patrizia SE dropped half a percent after an announcement that Asoka Woehrmann, its CEO Designate since May, has taken over the position of sole CEO from Wolfgang Egger effective today.

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Thai Stock Market May Spin Its Wheels On Friday

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RTTNews | 26 minutes ago
Continued Consolidation Called For Indonesia Stock Market

Continued Consolidation Called For Indonesia Stock Market

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RTTNews | 56 minutes ago
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Consolidation Likely For Hong Kong Shares

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RTTNews | 1h 11min ago
Australian Market Notably Lower

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RTTNews | 1h 21min ago
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Taiwan Stock Market May Hand Back Thursday's Gains

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The Taiwan stock market has moved higher in two of three trading days since the end of the two-day losing streak in which it had slipped more than 270 points or 1.2 percent. The Taiwan Stock Exchange now sits just above the 24,000-point plateau although it's likely to turn lower again on Friday.
RTTNews | 1h 56min ago