DAX Edges Higher As Investors Await GDP Data

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DAX Edges Higher As Investors Await GDP Data

(RTTNews) - German stocks were seeing modest gains on Tuesday ahead of fourth-quarter Gross Domestic Product (GDP) data for Germany and the Eurozone due out later in the day.

The benchmark DAX was up 40 points, or 0.2 percent, at 16,981 after ending flat with a negative bias the previous day.

In corporate news, shares of food delivery service Delivery Hero fell more than 8 percent. The company said it would sell a stake in Deliveroo as consumer demand wanes. MorphoSys advanced 1.6 percent. The biopharmaceutical company expects Monjuvi U.S. net product sales to be in the range of $80 million to $95 million for the year 2024, in line with its previous guidance.

Hapag-Lloyd plunged 8.6 percent. The container shipping company registered a significant decline in preliminary earnings for the full year, mainly due to lower freight rates attributable to normalization of global supply chains.

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Swiss Market Ends Weak

Swiss Market Ends Weak

The Switzerland market ended modestly lower on Thursday after languishing in negative territory right through the day's trading session, as the mood remained cautious with investors looking ahead to speeches from central bank chiefs at Federal Reserve's Jackson Hole Symposium.
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European Stocks Close On Mixed Note Again

European Stocks Close On Mixed Note Again

European stocks turned in another mixed performance as investors stayed a bit cautious on Thursday, looking ahead to Federal Reserve's symposium at Jackson Hole, Wyoming, and largely shrugging off trade concerns. Investors also digested the latest batch of regional economic data, including flash estimates of manufacturing and services sector activity in the major economies.
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Eurozone Consumer Confidence Weakens More Than Expected In August

Eurozone Consumer Confidence Weakens More Than Expected In August

Euro area consumer sentiment deteriorated more than expected in August to a four-month low, after a strong improvement in the previous month, preliminary results of the monthly survey by the European Commission revealed on Thursday.
RTTNews | 8h 15minuter sedan
U.S. Leading Economic Index Edges Down In Line With Estimates In July

U.S. Leading Economic Index Edges Down In Line With Estimates In July

A reading on leading U.S. economic indicators edged slightly lower in the month of July, according to a report released by the Conference Board on Thursday. The Conference Board said leading economic index slipped by 0.1 percent in July after falling by 0.3 percent in June. The modest decrease matched economist estimates.
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U.S. Existing Home Sales Unexpectedly Rebound In July

U.S. Existing Home Sales Unexpectedly Rebound In July

The National Association of Realtors released a report on Thursday showing an unexpected rebound by existing home sales in the U.S. in the month of July. The report said existing home sales jumped by 2.0 percent to an annual rate of 4.01 million in July after tumbling by 2.7 percent to an annual rate of 3.93 million in June.
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