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DAX Drops As China's Covid Unrest Engulfs Global Market Sentiment

RTTNews | 963 days ago

DAX Drops As China's Covid Unrest Engulfs Global Market Sentiment

(RTTNews) - The German stock market benchmark DAX dropped close to 1 percent on Monday, as investors worldwide reacted to the unprecedented protests in China against the strict Covid curbs.

The forty-scrip DAX index is currently trading at 14,407.60, down 0.92 percent on an overnight basis. The day's trading has been within the range of 14,379.83 and 14,514.98.

Only 5 scrips of the 40-scrip index are trading in an overnight positive territory. Fresenius is the top gainer with a 1.3 percent uptick.

Specialty chemicals business Brenntag dropped around 8 percent after Friday's announcement that it had conducted takeover talks with U.S. rival Univar. Airbus and Vonovia have both declined more than 3 percent.

The EUR/USD pair is at 1.0472, surging 0.74 percent overnight whilst the US Dollar Index weakened 0.34 percent to 105.60.

The ten-year bond yield has increased 0.2 percent to 1.974%, versus 1.97% percent at the previous close.

The pan-European STOXX 600 is currently trading at 436.86, down 0.88 percent on an overnight basis.

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U.S. Consumer Sentiment Reaches Five-Month High In July

U.S. Consumer Sentiment Reaches Five-Month High In July

After reporting a substantial rebound by U.S. consumer sentiment in the previous month, the University of Michigan released a report on Friday showing a more modest improvement by consumer sentiment in the month of July. The University of Michigan said its consumer sentiment index climbed to 61.8 in July after surging to 60.7 in June. Economists had expected the index to rise to 61.5.

RTTNews | 1h 8min ago

U.S. Housing Starts Rebound More Than Expected In June

U.S. Housing Starts Rebound More Than Expected In June

New residential construction in the U.S. rebounded by more than expected in the month of June, according to a report released by the Commerce Department on Friday. The Commerce Department said housing starts surged by 4.6 percent to an annual rate of 1.321 million in June after plunging by 9.7 percent to a revised rate of 1.263 million in May.

RTTNews | 2h 7min ago

Bay Street Likely To Open Higher On Firm Commodities, Trade Deal Hopes

Bay Street Likely To Open Higher On Firm Commodities, Trade Deal Hopes

Higher U.S. and Canadian futures, firm commodity prices, and fairly encouraging U.S. economic data point to a positive start for the Canadian market Friday morning.

RTTNews | 2h 57min ago

U.S. Housing Starts Surge 4.6% In June, More Than Expected

U.S. Housing Starts Surge 4.6% In June, More Than Expected

New residential construction in the U.S. rebounded by more than expected in the month of June, according to a report released by the Commerce Department on Friday.

RTTNews | 3h 12min ago

FTSE 100 Up Marginally

FTSE 100 Up Marginally

The U.K. stock market is up marginally Friday afternoon with investors mostly making cautious moves, reacting to corporate news. Mining and energy stocks are gaining some ground in positive territory, while bank stocks are a bit weak.

RTTNews | 3h 20min ago

Euro Rises As European Shares Advance

Euro Rises As European Shares Advance

The European currencies strengthened against other major currencies in the European session on Friday after European stock markets traded higher, as robust U.S. economic data and encouraging tech earnings helped ease tariff-related concerns for now.

RTTNews | 3h 55min ago

CAC Pares Early Gains, Up Slightly In Cautious Trade

CAC Pares Early Gains, Up Slightly In Cautious Trade

After a positive start, French stocks pared most of their gains on Friday with investors focusing on corporate earnings updates and regional economic data, in addition to tracking the developments on the trade front.

RTTNews | 3h 57min ago

Euro Rises Against Majors

Euro Rises Against Majors

The European currencies strengthened against other major currencies in the European session on Friday.

RTTNews | 4h 22min ago

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