DAX Hesitant As Earnings Updates Trickle In

RTTNews | 724 days ago
DAX Hesitant As Earnings Updates Trickle In

(RTTNews) - The DAX benchmark of the Frankfurt bourse edged lower on Tuesday as markets wait for the onset of the earnings season. Market sentiment remains cautious ahead of interest rate decisions by the Federal Reserve and ECB next week. Less-than-expected GDP readings from China also swayed sentiment for the oil and metals stocks.

The forty-scrip DAX index is currently trading at 16,059.55, having shed 9 points or 0.06 percent on an overnight basis. The day's trading has been within the range of 16,026.35 and 16,099.55.

Close to half of the scrips in the 40-scrip index are trading in the overnight positive territory.

Covestro topped with gains of close to 3.5 percent. Vonovia and Sartorius have both gained more than 2 percent. BASF, Rheinmetall, Continental, Bayer and Fresenius have all gained more than 1 percent.

Deutsche Telekom dropped more than 3 percent in the day's trading. Siemens Healthineers and Brenntag, both declined more than 1 percent.

Hopes of the Fed pausing on its tightening cycle dragged down the U.S. dollar around 0.17 percent in the past 24 hours. Dollar Index, a measure of the U.S. dollar's strength against a basket of 6 currencies dropped to 99.67, versus the previous close of 99.84. The Dollar's decline and expectations of rate hikes by the ECB lifted the EUR/USD pair 0.20 percent higher to 1.1256, a fresh 17-month-high. The pair ranged between 1.1276 and 1.1228.

The ten-year bond yield has plunged 3.1 percent to 2.3770%, versus 2.453% at the previous close.

read more
Bay Street Likely To Open Lower

Bay Street Likely To Open Lower

Canadian shares look headed for a weak start on Friday due to trade war concerns, although fairly firm crude oil and bullion prices may help limit the market's downside. Data showing an increase in Canadian employment in the month of June and a drop in the unemployment rate may also aid sentiment a bit.
RTTNews | 3h 46min ago
Pound Falls As U.K. Economy Contracts For Second Straight Month

Pound Falls As U.K. Economy Contracts For Second Straight Month

The British pound weakened against other major currencies in the European session on Friday, as the UK economy shrank for the second consecutive month in May, adding challenges to Chancellor Rachel Reeves in achieving her self-imposed borrowing rules.
RTTNews | 3h 53min ago
Pound Falls Against Majors

Pound Falls Against Majors

The British pound weakened against other major currencies in the European session on Friday.
RTTNews | 4h 16min ago
Yen Retreats Amid US-Japan Trade Uncertainty

Yen Retreats Amid US-Japan Trade Uncertainty

The Japanese yen retreated from early highs against other major currencies in the European session on Friday, amid concerns on US-Japan relations in light of Trump's placement of a 25 percent tariff on Japanese exports this week, which will go into force on August 1.
RTTNews | 5h 5min ago
UK Economy Contracts For Second Straight Month

UK Economy Contracts For Second Straight Month

The UK economy shrank for the second consecutive month in May, adding challenges to Chancellor Rachel Reeves in meeting her self-imposed borrowing rules. Gross domestic product fell unexpectedly by 0.1 percent in May, following a 0.3 percent drop in April, data from the Office for National Statistics revealed on Friday.
RTTNews | 5h 35min ago
CAC 40 Down More Than 1% As Trade War Concerns Hurt Sentiment

CAC 40 Down More Than 1% As Trade War Concerns Hurt Sentiment

French stocks are notably lower on Friday, weighed down by losses in automobile and luxury sectors. The mood in the market is a bit bearish, in line with other major markets in Europe, amid renewed worries about tariffs.
RTTNews | 5h 42min ago