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DAX Dips Ahead Of US Inflation Data
(RTTNews) - German stocks declined in cautious trade on Tuesday as investors awaited U.S. inflation data that could provide an updated view on the Federal Reserve's policy path.
Meanwhile, data from the federal statistics office showed earlier today that Germany wholesale prices continued their downward trend for a fifth consecutive month in August due to lower prices for mineral oil products.
Wholesale prices fell 2.7 percent compared to the same month last year. The benchmark DAX was down 66 points, or 0.4 percent, at 15,734 after rising 0.4 percent on Monday.
Business software maker SAP declined 2.1 percent after U.S. peer Oracle fell short on license and hardware revenue in the fiscal first quarter.
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NZ Dollar Slides Against Most Majors
The New Zealand dollar weakened against most major currencies in the Asian session on Friday.
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14 minutes ago
European Shares Set For Gap-down Open
European shares are seen opening sharply lower on Friday as trade uncertainties and escalating geopolitical tensions sparked flight to safety.
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34 minutes ago
Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the Asian session on Friday.
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39 minutes ago
European Economic News Preview: Eurozone Industrial Output, Trade Data Due
Industrial production and foreign trade from the euro area and final inflation figures from Germany and France are the top economic news due on Friday. At 2.00 am ET, Destatis is scheduled to issue Germany's final consumer and harmonized prices and wholesale prices for May. The flash estimate showed that consumer price inflation remained unchanged at 2.1 percent.
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1h 21min ago
Sensex, Nifty Tumble Amid Rising Geopolitical Tensions
Indian shares tumbled on Friday to extend steep losses from the previous session as tariff uncertainties and heightened geopolitical tensions dented investors' appetite for risk.
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1h 55min ago
Australian Market Doubles Early Losses In Mid-market
The Australian stock market is doubling its early loses in mid-market moves on Friday, extending the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,550 level, with weakness is technology stocks partially offset by gains in gold miners and energy stocks.
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2h 55min ago
Asian Markets A Sea Of Red
Asian stock markets are a sea of red on Friday, despite the broadly positive cues from Wall Street overnight, amid heightening geopolitical tensions in the Middle East region after Israel launched a preemptive strike against Iran in a major escalation of the regional conflict. US officials confirmed that the U.S. had no involvement or role in the operation. Asian markets ended mixed on Thursday.
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3h 13min ago
Sensex, Nifty Set To Extend Losses As Israel Launches 'pre-emptive Strikes' Against Iran
Indian shares may extend losses from the previous session on Friday after Israel launched an airstrike on Iran and declared a special state of emergency.
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3h 49min ago
