DAX Declines As Focus Turns To US Inflation Data

RTTNews | 1115 days ago
DAX Declines As Focus Turns To US Inflation Data

(RTTNews) - German stocks declined on Tuesday as investors awaited Wednesday's key U.S. inflation print for clues on the Fed's next move. The benchmark DAX dropped 40 points, or 0.3 percent, to 13,647 after climbing 0.8 percent in the previous session.

Automotive parts manufacturer Continental AG fell over 1 percent after it swung to a loss in the second quarter.

Automakers BMW and Volkswagen were seeing modest losses.

Munich Re gained 1 percent. The reinsurer kept its annual target unchanged after profit and premiums in the second quarter beat expectations.

Wacker Neuson shares slumped 4.7 percent. The maker of construction equipment and machines posted a decline in earnings for the first-half amidst persisting supply chain strains and high costs for materials, energy and shipping.

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U.S. Pending Home Sales Fall More Than Expected In July

U.S. Pending Home Sales Fall More Than Expected In July

A report released by the National Association of Realtors on Thursday showed pending home sales in the U.S. fell by more than expected in the month of July. NAR said its pending home sales index decreased by 0.4 percent to 71.7 in July after sliding by 0.8 percent to 72.0 in June. Economists had expected pending home sales to edge down by 0.1 percent.
RTTNews | 1h 45min ago
Eurozone Economic Confidence Weakens In August

Eurozone Economic Confidence Weakens In August

Eurozone economic sentiment softened unexpectedly in August as only industry and retail trade showed improvements, survey results from the European Commission showed Thursday. The economic sentiment indicator slid to 95.2 in August from a revised 95.7 in the previous month. The score was forecast rise to 96.0.
RTTNews | 1h 55min ago
U.S. Economy Surges More Than Previously Estimated In Q2

U.S. Economy Surges More Than Previously Estimated In Q2

The U.S. economy grew by more than previously estimated in the second quarter of 2025, according to revised data released by the Commerce Department on Thursday. The report said real gross domestic product shot up by 3.3 percent in the second quarter compared to the previously reported 3.0 percent surge. Economists had expected the jump in GDP to be upwardly revised to 3.1 percent.
RTTNews | 2h 18min ago
U.S. Weekly Jobless Claims Dip Roughly In Line With Estimates

U.S. Weekly Jobless Claims Dip Roughly In Line With Estimates

A report released by the Labor Department on Thursday showed a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 23rd. The Labor Department said initial jobless claims dipped to 229,000, a decrease of 5,000 from the previous week's revised level of 234,000. Economists had expected jobless claims to slip to 230,000.
RTTNews | 2h 24min ago
Switzerland Logs Weaker Growth, Trims 2026 Outlook

Switzerland Logs Weaker Growth, Trims 2026 Outlook

The Swiss economy expanded modestly in the second quarter, as estimated earlier, and higher U.S. tariffs are set to push down growth prospects, the State Secretariat for Economic Affairs said Thursday. Gross domestic product grew 0.1 percent from the first quarter, unchanged from the flash estimate. Growth softened notably from 0.7 percent in the first quarter.
RTTNews | 3h 29min ago