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DAX Dips Ahead Of Key Inflation Data
(RTTNews) - German stocks fell on Thursday amid worries about continued monetary policy tightening by the U.S. Federal Reserve and the European Central Bank.
The benchmark DAX was down 129 points, or 0.8 percent, at 15,176 after losing 0.4 percent lower the previous day.
Travel and tech stocks dipped as Eurozone government bond yields hit multi-year highs ahead of the release of preliminary euro zone data for February due later in the day. Lufthansa fell over 1 percent and Infineon lost 3 percent.
Kion Group AG rose over 1 percent. The manufacturer of materials handling equipment said it expects an increase in revenue and a significant improvement in both adjusted EBIT and return on capital employed in fiscal 2023.
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FTSE 100 Notably Lower; Johnson Matthey Soars 32%
U.K. stocks are down in negative territory on Thursday afternoon, in line with other major markets in Europe, as worries about U.S. fiscal deficit and rising bond yields weigh on equities. Investors, digesting the nation's economic data, are also awaiting more clarity on U.S. President Donald Trump's tariff plans.
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Eurozone Private Sector Shrinks For First Time In 5 Months
The euro area private sector logged a renewed fall in May due to a sharp downturn in services activity, flash purchasing managers' survey compiled by S&P Global showed on Thursday. The flash composite output index fell to 49.5 in May from 50.4 in April. The score fell below the 50.0 no-change mark for the first time in five months.
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Euro Falls Against Majors
The euro weakened against other major currencies in the Asian session on Thursday.
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CAC 40 Down Nearly 1% On Growth Concerns
French stocks are drifting lower on Thursday amid rising concerns over a deteriorating U.S. fiscal outlook, a lack of clarity on tariff negotiations. Data showing a notable drop in France's manufacturing sentiment index is also weighing on stocks.
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DAX Down Nearly 0.9% As U.S. Debt Concerns Weigh
German stocks are down in negative territory on Thursday, weighed down by concerns about U.S. debt, mixed economic data, and uncertainty surrounding tariffs.
A sell-off in U.S. Treasuries amid deficit fears due to stalled budget bill negotiations hurts as well.
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1j 42min yang lalu
Sensex, Nifty Decline On US Fiscal Deficit Concerns
Indian shares fell sharply on Thursday as a deteriorating U.S. fiscal outlook and poor response to the 20-year bond auction led to a spike in bond yields.
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Walmart To Cut 1,500 Corporate Jobs In Cost-cutting Efforts
Amid a challenging retail environment, due to fierce competition along with ongoing tariff issues, retail behemoth Walmart Inc. is planning to cut around 1,500 corporate jobs in the United States as part of its restructuring, media reported citing a memo.
The multinational chain of hypermarkets, discount department stores, and grocery stores' efforts to simplify its operations...
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2j 37min yang lalu
German Ifo Business Sentiment Strengthens; Composite PMI Falls
German business confidence strengthened in May as companies became less concerned about uncertainties regarding trade tariffs, a closely watched survey showed Thursday. The Purchasing Managers' survey compiled by S&P Global today showed that the German private sector activity contracted the most in five months in May due to a deepening downturn in the service sector.
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2j 39min yang lalu
