Advertisement
DAX Slips On Recession Worries
(RTTNews) - German stocks slipped on their last trading day of the year, with concerns about more Fed tightening, China's COVID-inspired uncertainty and the escalating Ukraine conflict weighing on investor sentiment.
Market experts predict that the world economy will face recession next year as a result of the rises in interest rates in response to higher inflation.
Elsewhere, moves by several countries to mandate COVID-19 tests for passengers arriving from China reflect global concern that new variants could emerge in its ongoing explosive outbreak.
The benchmark DAX was down 76 points, or half a percent, at 13,996 after gaining 1.1 percent in the previous session.
Among the prominent decliners, Daimler, Adidas, Deutsche Telekom, E.ON, Siemens and Vonovia fell 1-2 percent.
German Factory Orders Rebound Ahead Of U.S. Tariffs
Bay Street Likely To Open Higher
FTSE Modestly Lower In Cautious Trade
UK Construction Sector Continues To Shrink
CAC 40 Moderately Lower Ahead Of Fed Policy Announcement
Sensex, Nifty End Slightly Higher Despite Simmering Geopolitical Tensions
Euro Rises Against Majors
