Amended: DAX Little Changed As GDP Contracts

RTTNews | 574 days ago
Amended: DAX Little Changed As GDP Contracts

(RTTNews) - German stocks were little changed on Friday after official data showed the German economy contracted slightly in the third quarter compared with the previous three months.

GDP declined 0.1 percent sequentially, confirming a first estimate, published in late October as the country languishes in a likely recession.

The German lfo business climate data for November is awaited later in the day.

The benchmark DAX was marginally higher at 15,998 after closing 0.2 percent higher in the previous session.

Tech stocks declined, with Infineon Technologies falling around half a percent as Treasury yields climbed on expectations that U.S. interest rates will remain elevated for longer. DAX Continental AG rallied 2.4 percent after Barclays upgraded shares of the automotive parts maker to "overweight."

(Amended: Corrected to remove duplicate headline)

read more
UK Grocery Regulator Probes Amazon Over Alleged Delays In Payments

UK Grocery Regulator Probes Amazon Over Alleged Delays In Payments

UK's Groceries Code Adjudicator or GCA announced the launch of a targeted investigation against e-commerce giant Amazon.com Inc. over alleged delays in payments to its suppliers. In a statement, the grocery regulator said the investigation is into whether Amazon has breached paragraph 5 of the Groceries Code, which indicates no delay in Payments, in relation to certain of its practices...
RTTNews | 34 minutes ago
FTSE 100 Lags In Rebound

FTSE 100 Lags In Rebound

The FTSE 100 benchmark of the London Stock Exchange rebounded on Friday albeit at a level lower than its peers.
RTTNews | 2h 31min ago
Receding War Clouds Lift CAC 40

Receding War Clouds Lift CAC 40

The CAC 40 benchmark ended its three-day losing streak as diplomatic efforts to resolve the Middle East crisis boosted sentiment.
RTTNews | 3h 44min ago
DAX Rises As Sentiment Improves

DAX Rises As Sentiment Improves

The DAX benchmark that tracks the performance of the 40 largest companies listed on the Frankfurt Stock Exchange rebounded on Friday in the wake of renewed hopes of a diplomatic solution to the raging Middle East crisis.
RTTNews | 4h 16min ago
Canadian Dollar Slides As Crude Oil Prices Drop

Canadian Dollar Slides As Crude Oil Prices Drop

The Canadian dollar weakened against other major currencies in the European session on Friday, as the crude oil prices dropped due to lingering worries that an escalating Israel-Iran conflict may touch upon oil infrastructure. Iran has in the past threatened to close the Strait of Hormuz to traffic in retaliation for Western pressure and such a move could restrict trade and affect global oil prices, analysts say.
RTTNews | 4h 28min ago
UK Retail Sales Fall Most Since Late 2023; Consumer Confidence Improves

UK Retail Sales Fall Most Since Late 2023; Consumer Confidence Improves

UK retail sales declined more than expected in May as food store sales declined sharply after good weather boosted sales in April, the Office for National Statistics reported Friday. Retail sales fell 2.7 percent on a monthly basis in May, in contrast to the revised 1.3 percent increase in April. Sales were forecast to drop 0.5 percent.
RTTNews | 5h 0min ago