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DAX Slips Amid Energy Supply Crunch
(RTTNews) - German stocks fell sharply on Monday as a supply squeeze fueled Europe's worst energy crunch in decades.
As Russia turns off Nord Stream 1, the biggest single pipeline carrying Russian gas to Germany for annual maintenance, Germany has warned that Moscow could halt gas flows permanently.
Flows are expected to stop for 10 days, but it is feared that the shutdown might be extended due to war in Ukraine.
Worries about fresh COVID-19 curbs in China also stoked worries about global growth. As cases of COVID-19 continue to rise in nine provinces in China, experts blame food packaging as a risk factor.
The benchmark DAX dropped 112 points, or 0.9 percent, to 12,903 after climbing 1.3 percent on Friday.
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Positive Start Seen For Canadian Stocks
Canadian stocks may edge up a bit in early trades Friday morning with some encouraging earnings announcements and firm commodity prices aiding sentiment.
Investors will also be reacting to the data showing a 41,000 jobs drop in Canadian employment in the month of July. Data from Statistics Canada also showed that the unemployment rate in Canada came in unchanged at 6.9%.
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1j 9min yang lalu
UK Market Roughly Flat; Mining Stocks Move Higher
Amid a lack of economic and earnings data, U.K. stocks are moving in a tight range in somewhat lackluster trade on Friday. Investors are assessing the potential impact of the Trump administration's reciprocal tariffs on global economic growth. Optimism about a rate cut by the Fed next month is aiding sentiment a bit.
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3j 3min yang lalu
CAC 40 Climbs Higher For 3rd Straight Day
French stocks are modestly higher on Friday, extending gains to a third straight session, with mostly encouraging corporate earnings announcements aiding sentiment.
Concerns about the potential impact of Trump's reciprocal tariffs limit market's upside a bit.
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3j 22min yang lalu
Sensex Plunges 765 Points On Tariff Worries; Nifty Ends Below 24,400
Indian shares fell sharply on Friday amid concerns that steep 50 percent U.S. tariffs on Indian goods may hut the country's manufacture push and slow economic growth.
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3j 37min yang lalu
DAX Modestly Lower After Four-day Winning Streak
German stocks are down in negative territory on Friday, drifting lower after four successive days of gains, as some disappointing earnings announcements, and concerns about the impact of tariffs imposed by U.S. President Donald Trump weigh on sentiment.
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4j 25min yang lalu
European Shares Mixed As Investors Weigh Trump Tariff Impact
European stocks were mixed on Friday after the Trump administration's higher tariff rates on trading partners took effect from midnight and Moscow confirmed Russian President Vladimir Putin and U.S. President Donald Trump are preparing to meet in the coming days, raising hopes of a ceasefire in the Ukraine war.
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4j 57min yang lalu
Asian Shares Mostly Lower In Cautious Trade; Nikkei Bucks Trend
Asian stocks ended mostly lower in cautious trade on Friday as U.S. President Donald Trump's reciprocal tariffs targeting more than 90 nations came into force just after midnight.
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5j 20min yang lalu
European Shares Seen Higher At Open
European shares are seen opening higher on Friday after U.S. reciprocal tariffs took effect at midnight on Thursday.
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8j 20min yang lalu
