DAX Marginally Lower After GDP Data

RTTNews | 549 일 전
DAX Marginally Lower After GDP Data

(RTTNews) - German stocks were subdued on Friday after data showed the German economy contracted as estimated in the fourth quarter on weaker investment.

Gross domestic product slid 0.3 percent sequentially after stagnating in the third quarter, according to revised data from Destatis.

The statistical office confirmed the preliminary estimate published on January 30.

The benchmark DAX was marginally lower at 17,369 after rallying 1.5 percent in the previous session.

Insurer Allianz fell 2.4 percent after its fourth quarter profit came in slightly below expectations.

Chemicals giant BASF rose 0.6 percent after flagging earnings rebound.

Airline Lufthansa tumbled 3.6 percent after news on board reshuffle.

Deutsche Telekom fell nearly 2 percent as it reported a loss of 1.035 billion euros or 0.21 euros per share for the fourth quarter.

read more
Asian Shares Rise As Powell Signals Rate Cuts

Asian Shares Rise As Powell Signals Rate Cuts

Asian stocks rose broadly on Monday as Federal Reserve Chair Jerome Powell's dovish signals at the Jackson Hole symposium opened the door to an interest rate cut next month.
RTTNews | 29 분 전
Australian Market Slashes Early Gains In Mid-market

Australian Market Slashes Early Gains In Mid-market

The Australian stock market is slashing its early gains in mid-market trading on Monday, recouping the losses in the previous session, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving up to near the 9,000.00 mark, with gains across most sectors led by mining and technology stocks. Financial stocks were the only weak spot.
RTTNews | 5 시간 38 분 전
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from Wall Street on Friday, on an improved outlook for interest rates after US Fed Chair Jerome Powell's dovish comments at the conference in Jackson Hole on Friday. Powell said economic risks are 'shifting' and a rate cut may be warranted. Asian markets closed mixed on Friday.
RTTNews | 5 시간 55 분 전