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DAX Tumbles On Disappointing Earnings

RTTNews | 574 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.

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Asian Shares Follow Wall Street Lower As Treasury Yields Spike

Asian Shares Follow Wall Street Lower As Treasury Yields Spike

Asian stocks followed Wall Street lower on Thursday after longer-dated U.S. Treasury yields hit their highest in 18 months on concerns that a new budget proposal could swell the country's federal deficit.

RTTNews | 11 minutes ago

Antipodean Currencies Fall, Yen Gains Amid Risk-off Sentiment

Antipodean Currencies Fall, Yen Gains Amid Risk-off Sentiment

The Antipodean currencies such as the Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Thursday on increased risk-off sentiment, following the broadly negative cues from Wall Street overnight, amid rising treasury yields on concerns about the fiscal impact of a new U.S. tax bill on the country's deficit. The lack of clear progress on new trade deals is also weighing on the markets.

RTTNews | 2h 50min ago

European Shares To Open On Soft Note As US Debt Concerns Mount

European Shares To Open On Soft Note As US Debt Concerns Mount

European stocks may open on a sluggish note Thursday as investors react to U.S. deficit concerns and budget debates.

RTTNews | 3h 19min ago

European Economic News Preview: Eurozone Flash PMI Data Due

European Economic News Preview: Eurozone Flash PMI Data Due

Flash purchasing managers' survey results from the major euro area economies and business sentiment from Germany and France are due on Thursday, headlining a hectic day for the European economic news. At 2.00 am ET, the Office for National Statistics publishes UK public sector finance data for April. The budget deficit is forecast to rise to GBP 18 billion from GBP 16.4 billion in March.

RTTNews | 3h 53min ago

Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Thursday.

RTTNews | 3h 54min ago

NZ Dollar Slides Against Majors

NZ Dollar Slides Against Majors

The New Zealand dollar strengthened against other major currencies in the Asian session on Thursday.

RTTNews | 4h 9min ago

Australian Dollar Falls Against Majors

Australian Dollar Falls Against Majors

The Australian dollar weakened against other major currencies in the Asian session on Thursday.

RTTNews | 4h 15min ago

Sensex, Nifty Tumble On US Fiscal Concerns

Sensex, Nifty Tumble On US Fiscal Concerns

Indian shares were sharply lower on Thursday after Wall Street saw one of its most brutal selling sessions overnight in over a month on concerns about deteriorating U.S. fiscal outlook.

RTTNews | 4h 36min ago

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