DAX Tumbles On Disappointing Earnings

RTTNews | 676 days ago
DAX Tumbles On Disappointing Earnings

(RTTNews) - German stocks tumbled on Thursday, with interest-rate worries and a slew of downbeat earnings denting investor sentiment.

The benchmark DAX was down 187 points, or 1.3 percent, at 14,704 after finishing marginally higher the previous day.

Lender Commerzbank fell 2.6 percent and peer Deutsche Bank declined 1.6 percent.

Luxury carmaker Mercedes-Benz slumped nearly 6 percent after saying it expects pressure on car sales margins.

Peer BMW tumbled 3.5 percent while Volkswagen gave up 1.5 percent after taking a major hit to its Q3 profit from raw material hedges.

Chip systems manufacturer Aixtron rose about 1 percent after reporting a significant increase in third-quarter net profit and revenue.

Meal-kit maker HelloFresh plummeted almost 11 percent after reporting revenue below expectations for the third quarter.

read more
European Economic News Preview: UK Mortgage Approvals, House Price Data Due

European Economic News Preview: UK Mortgage Approvals, House Price Data Due

Mortgage approvals, house prices and final manufacturing Purchasing Managers' survey results from the UK are the top economic news due on Monday. At 2.00 am ET, the Office for National Statistics releases UK Nationwide house price data. Economists forecast house prices to rise 0.1 percent month-on-month in August, following a 0.6 percent rise in July.
RTTNews | 36 minutes ago
Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market trading on Monday, extending the losses in the previous session, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling below the 8,950.00 mark, with weakness in iron ore miners, energy, technology and financial stocks. Gold miners are the only bright spot.
RTTNews | 2h 57min ago
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Monday, following the broadly negative cues from Wall Street on Friday, dragged down by tumbling technology stocks that mirrored their peers on Nasdaq. Traders also are concerned about the renewed uncertainty about US President Donald Trump's reciprocal tariffs after a U.S. federal appeals court ruled that the majority of his sweeping tariffs were illegal.
RTTNews | 3h 13min ago
Thai Shares Tipped To Open Under Water On Monday

Thai Shares Tipped To Open Under Water On Monday

The Thai stock market turned lower again on Friday, one day after snapping the two-day slide in which it had slipped almost 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,235-point plateau and it's likely to open under pressure again on Monday.
RTTNews | 4h 24min ago
Japanese Market Significantly Lower

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Monday, extending the losses in the previous session, following the broadly negative cues from Wall Street on Friday, with the Nikkei 225 falling below the 42,300 level, with weakness across most sectors led by tumbling technology stocks. Automakers were the only bright spot.
RTTNews | 4h 40min ago