DAX Marginally Lower After GDP Data

RTTNews | 613 days ago
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
European Economic News Preview: German GfK Consumer Confidence Due

European Economic News Preview: German GfK Consumer Confidence Due

Consumer sentiment from Germany and business confidence from Italy are the major economic reports due on Tuesday. At 3.00 am ET, the market research group GfK is slated to issue Germany's consumer sentiment survey results. The consumer confidence index is forecast to rise to -22.0 in November from -22.3 in October. Also, Statistics Sweden is set to issue monthly foreign trade data for September
RTTNews | 27 minutes ago
Europe Car Sales Grow For Third Month

Europe Car Sales Grow For Third Month

Europe's new car sales increased for the third straight month in September driven by the launch of new models, the European Automobile Manufacturers' Association, or ACEA, said Tuesday. New car sales advanced 10.0 percent year-on-year in September, following a 5.3 percent rise in August. This was the third consecutive increase in car sales.
RTTNews | 1h 7min ago
European Shares Likely To Open On Tepid Note

European Shares Likely To Open On Tepid Note

European stocks are seen opening a tad lower on Tuesday as investors monitor the latest developments on U.S.-China trade front and look ahead to upcoming monetary policy announcements from several central banks, including the European Central Bank, the Federal Reserve and the Bank of Japan.
RTTNews | 1h 26min ago
Sensex, Nifty Subdued In Lackluster Trade

Sensex, Nifty Subdued In Lackluster Trade

Indian shares were subdued on Tuesday as investors locked in some profits after recent gains, driven by optimism over easing global trade tensions and expectations of corporate earnings rebound.
RTTNews | 2h 16min ago
Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market trading on Tuesday, reversing the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 9,050 level, with weakness across most sectors led by gold miners and technology stocks. Financial stocks are the only bright spot.
RTTNews | 3h 21min ago
Asian Markets Mixed Amid Cautious Trades

Asian Markets Mixed Amid Cautious Trades

Asian stock markets are mixed on Tuesday, following the positive cues from Wall Street overnight, as traders remain cautious and are reluctant to take major positions ahead of the monetary policy announcements from the European Central Bank, the US Fed and the Bank of Japan this week. Optimism about a potential U.S.-China trade deal and an interest rate cut by the Fed are aiding market sentiment.
RTTNews | 3h 52min ago
Sensex, Nifty To See Muted Start

Sensex, Nifty To See Muted Start

Indian shares look set to open on a muted note Tuesday, tracking mostly weak cues from other Asian markets.
RTTNews | 4h 14min ago
Japanese Market Modestly Lower

Japanese Market Modestly Lower

The Japanese stock market is trading modestly lower on Tuesday, reversing some of the strong gains in the previous session, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is falling below the 50,400 level, with a mixed performance across most sectors.
RTTNews | 5h 21min ago