DAX Edges Lower On Weak Data

RTTNews | 1117 일 전
DAX Edges Lower On Weak Data

(RTTNews) - German stocks edged lower on Friday after data showed retail sales fell more than expected in August and industrial production contracted, stoking recession worries.

German industrial output dropped 0.8 percent on a monthly basis in August after remaining flat in July as raw material shortages and supply chain bottlenecks continued to dampen the functioning of many industries, Destatis said. Production was forecast to ease 0.5 percent.

Retail sales also weakened in August signaling weak contribution to growth from household spending amid rising energy prices.

Another report revealed that retail sales eased 1.3 percent from July compared to the expected drop of 1.1 percent.

The benchmark DAX was down 31 points, or 0.3 percent, at 12,439 after closing 0.4 percent lower in the previous session.

Infineon Technologies fell over 1 percent on the back of weak earnings and forecasts from Samsung and Advanced Micro Devices.

Adidas lost 1 percent after the sporting goods maker said it was reviewing its relationship with rapper and fashion designer Kanye West.

read more
Canadian Market Advances; Cameco, Celestica Up Sharply

Canadian Market Advances; Cameco, Celestica Up Sharply

The Canadian market is up in positive territory around late morning on Tuesday thanks to gains in technology stocks. Energy stocks are weak, weighed down by a sharp drop in crude oil prices.
RTTNews | 1 시간 15 분 전
U.S. Consumer Confidence Edges Modestly Lower In October

U.S. Consumer Confidence Edges Modestly Lower In October

Consumer confidence in the U.S. saw a modest deterioration in the month of October, according to a report released by the Conference Board on Tuesday. The Conference Board said its consumer confidence index dipped to 94.6 in October from an upwardly revised 95.6 in September.
RTTNews | 2 시간 40 분 전
PayPal Lifts FY25 Outlook Above Market, Teams With OpenAI; Stock Up

PayPal Lifts FY25 Outlook Above Market, Teams With OpenAI; Stock Up

Shares of PayPal Holdings, Inc. were gaining around 15 percent in the pre-market activity on the Nasdaq, after the company issued earnings forecast for its fourth quarter expecting year-over-year growth, and raised fiscal 2025 outlook above the market estimates. The payment technology major also initiated quarterly cash dividend after reporting higher third-quarter results above market.
RTTNews | 3 시간 56 분 전
Falling Commodity Prices Likely To Weigh On Canadian Market At Open

Falling Commodity Prices Likely To Weigh On Canadian Market At Open

Canadian market is likely to open on a negative note Tuesday morning, weighed down by falling crude oil and gold prices. The mood is likely to remain cautious ahead of the monetary policy announcements from the Bank of Canada and the Federal Reserve on Wednesday.
RTTNews | 4 시간 21 분 전
German GfK Consumer Sentiment To Continue Falling On Weak Income Expectations

German GfK Consumer Sentiment To Continue Falling On Weak Income Expectations

German consumer confidence is likely to continue its downward trend in November on weaker income expectations, monthly survey data published jointly by NIQ/GfK and the Nuremberg Institute for Market Decisions showed Tuesday. The forward-looking consumer climate indicator fell unexpectedly to -24.1 in November from revised -22.5 in October. The score was expected to improve to -22.0.
RTTNews | 5 시간 12 분 전
UPS Sees Q4 Revenues Above Street As Q3 Beats Market, Despite A Fall; Stock Gains

UPS Sees Q4 Revenues Above Street As Q3 Beats Market, Despite A Fall; Stock Gains

Shares of United Parcel Service Inc. were gaining around 9 percent in the pre-market activity on Tuesday after the logistics major issued fourth-quarter outlook for revenues above market estimates after the third-quarter adjusted earnings and top line beat the Street. On a reported basis, third-quarter earnings were down mainly as revenues were hit by weak results in U.S. Domestic and Supply Chain
RTTNews | 5 시간 29 분 전
FTSE 100 Flat; HSBC Holdings, Airtel Africa Rise After Results

FTSE 100 Flat; HSBC Holdings, Airtel Africa Rise After Results

U.K.'s FTSE 100 index is moving in a very narrow range on Tuesday with stocks turning in a mixed performance as investors react to earnings updates, and look ahead to crucial central bank meetings, and continue to follow the developments on the trade front for further direction.
RTTNews | 5 시간 55 분 전
CAC 40 Down Slightly; Earnings In Focus

CAC 40 Down Slightly; Earnings In Focus

French stocks are turning in a mixed performance on Tuesday with investors reacting to some quarterly earnings announcements, and awaiting the upcoming meeting of U.S. President Donald Trump and Chinese President Xi Jinping, and monetary policy decisions from central banks, including the European Central Bank, the Federal Reserve and the Bank of Japan.
RTTNews | 6 시간 28 분 전