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DAX Tumbles On Inflation, Growth Worries
(RTTNews) - German stocks fell sharply on Friday and bond yields extended their climb, as worries about inflation and interest-rate rises gripped markets.
U.S. social media company Snap Inc's bleak fourth-quarter outlook also reminded the risk of recession.
The benchmark DAX fell 205 points, or 1.6 percent, to 12,562 after rising 0.2 percent on Thursday.
METRO AG shares fell about 1 percent. After reporting a 11.8 percent increase in sales in the fourth quarter of its financial year, the wholesale giant warned that the next year continues to be challenging with high inflation and growing cost pressure.
Adidas plunged nearly 9 percent as the sporting goods maker cut its full-year outlook, citing weakening demand.
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FTSE Modestly Lower In Cautious Trade
The U.K. market is modestly lower on Wednesday as investors largely tread cautiously, digesting earnings and regional economic data, and awaiting the monetary policy announcements from the Federal Reserve and the Bank of England.
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1 시간 34 분 전
UK Construction Sector Continues To Shrink
The UK construction activity continued to contract in April as business uncertainty and concerns about economic outlook damped client demand, survey data from S&P Global showed on Wednesday. The construction Purchasing Managers' Index rose unexpectedly to 46.6 in April from 46.4 in March. This was the slowest decline in output levels for three months.
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1 시간 37 분 전
CAC 40 Moderately Lower Ahead Of Fed Policy Announcement
French stocks are down in negative territory Wednesday morning with investors making cautious moves, reacting to earnings, and awaiting the Federal Reserve's monetary policy announcement, due later in the day.
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2 시간 1 분 전
Sensex, Nifty End Slightly Higher Despite Simmering Geopolitical Tensions
Indian shares moved in a narrow range before finishing slightly higher on Wednesday amid hopes around upcoming trade talks between the United States and China.
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2 시간 3 분 전
Euro Rises Against Majors
The euro strengthened against other major currencies in the European session on Wednesday.
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2 시간 31 분 전
Novo Nordisk Stock Climbs On Higher Q1 Results; Cuts FY25 Outlook
Shares of Novo Nordisk A/S were gaining around 6 percent in Denmark as well as around 7 percent in the pre-market activity on the NYSE, after the Danish drug major reported Wednesday higher profit and sales in its first quarter, mainly reflecting improved results of its blockbuster weight loss drug Wegovy. Meanwhile, the company trimmed fiscal 2025 outlook for sales and operating profit growth...
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2 시간 40 분 전
DAX Down Slightly In Cautious Trade; BMW Rises On Guidance
German stocks are turning in a mixed performance in cautious trade Wednesday morning as investors react to the latest batch of economic data and earnings updates, and await the U.S. Federal Reserve's monetary policy announcement later in the day.
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2 시간 47 분 전
European Shares Slip In Lackluster Trade
European shares traded lower on Wednesday as investors assessed a slew of earnings and awaited the Fed policy announcement later in the day for directional cues.
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3 시간 17 분 전
