DAX Little Changed In Lackluster Trade

RTTNews | 1123 days ago
DAX Little Changed In Lackluster Trade

(RTTNews) - German stocks were little changed on Wednesday as U.S.-China tensions over House Speaker Nancy Pelosi's visit to Taiwan weighed, earnings proved to be a mixed bag and a survey showed Germany's service sector contracted in July.

S&P Global's final services PMI fell to a final reading of 49.7 from 52.4 the previous month. That was slightly above a flash estimate of 49.2.

The benchmark DAX was virtually unchanged at 13,456 after closing 0.2 percent lower the previous day.

Luxury carmaker BMW slumped 4.8 percent after it warned of a highly volatile second half.

Semiconductor firm Infineon Technologies rallied 2.5 percent after raising its guidance for the fiscal year.

Lender Commerzbank edged down slightly despite posting better-than-expected profit in the second quarter.

Luxury fashion house Hugo Boss advanced 2.2 percent after raising its FY22 forecast.

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German Inflation Accelerates To 2.2% In August

German Inflation Accelerates To 2.2% In August

Consumer price inflation in Germany climbed in August to its highest level in five months, while the core figure was steady amid an acceleration in food price growth, and weakened chances for further easing from the European Central Bank in the near term.
RTTNews | 16h 57min ago
Swiss Market Ends Modestly Lower

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.
RTTNews | 19h 47min ago
European Stocks Close Lower On Geopolitical Tensions

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.
RTTNews | 20h 16min ago
Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
RTTNews | 23h 19min ago
U.S. Consumer Prices Increase In Line With Estimates In July

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
RTTNews | 1 day ago