Advertisement
DAX Declines On China Growth Concerns
(RTTNews) - German stocks traded lower on Wednesday after a private survey showed China's services activity expanded at the slowest pace in five months in June, adding to worries about a faltering post-pandemic recovery in the world's second-largest economy.
Investors also sought direction from the release of minutes from the Federal Reserve's June meeting later in the day and Friday's U.S. nonfarm payrolls report.
The benchmark DAX was down 78 points, or half a percent, at 15,961 after declining 0.3 percent the previous day.
Evotec SE, a drug company, jumped nearly 3 percent. The company announced that its unit Just - Evotec Biologics, Inc. has secured a second contract from the US department of defense for $74 million.
read more
DAX Drifts Lower On Geopolitical Concerns
German stocks are down in negative territory on Wednesday as investors make cautious moves, awaiting fresh news on the trade front. The impasse in Ukraine peace talks and data showing a bigger than expected increase in UK inflation weigh on sentiment.
RTTNews
|
23 minit yang lalu
European Shares Drift Lower With Trump's Tax Bill In Focus
European stocks fell from nine-week highs on Wednesday as investors fretted about the lack of progress on trade deal and closely monitored discussions on the U.S. budget bill and federal deficit.
RTTNews
|
1j 9min yang lalu
Asian Shares Rise In Cautious Trade; Nikkei Drops On Yen Strength
Asian stocks ended mostly higher on Wednesday, with Japanese markets underperforming as the yen continued to strengthen on BoJ rate hike bets and data showed Japan's export growth continued to decelerate for the second consecutive month.
RTTNews
|
1j 35min yang lalu
U.S. Dollar Falls Amid Risk-on Mood, Fed Rate Cut Bet
The U.S. dollar weakened against other major currencies in the Asian session on Wednesday amid increased risk-on mood, as some traders are still looking to cash in on the strong upside in the markets seen over the past several weeks. Furthermore, growing market acceptance that the Federal Reserve (Fed) will lower interest rates further this year amid evidence of diminishing inflationary pressure and a dismal growth forecast, also pushed the USD lower.
RTTNews
|
2j 43min yang lalu
Japan Exports Growth Softens On Higher Trade Tariffs
Japan's exports grew at a slower pace in April largely due to the higher tariffs imposed by the US administration, official data revealed Wednesday. Exports climbed 2.0 percent on a yearly basis in April, slower than the 4.0 percent increase in March, the Ministry of Finance reported. Exports have been rising since last September and the latest growth matched economists' expectations.
RTTNews
|
3j 56min yang lalu
European Shares May Struggle At Open
European stocks are seen opening little changed on Wednesday, with U.S. fiscal concerns, geopolitical tensions and the Fed outlook likely to be in focus.
RTTNews
|
4j 50min yang lalu
European Economic News Preview: UK Inflation Data Due
Consumer price data from the UK is the only major report due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics publishes UK consumer prices for April. Consumer price inflation is forecast to rise to 3.3 percent from 2.6 percent in March.
RTTNews
|
5j 4min yang lalu
Swiss Franc Rises Against Majors
The Swiss franc strengthened against other major currencies in the Asian session on Wednesday.
RTTNews
|
5j 15min yang lalu
