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DAX Slips As Automakers Drag On China Demand Concerns
(RTTNews) - German stocks edged lower on Wednesday, though the downside remained capped after U.S. President Joe Biden said it was "unlikely" that the blast in Poland may have been caused by a missile fired from Russian territory.
The benchmark DAX slipped 36 points, or 0.3 percent, to 14,342 after gaining half a percent in the previous session.
Siemens Energy jumped 4.7 percent. The company swung to a profit in the fourth quarter of its fiscal year and said it expects net loss to reduce in fiscal 2023.
Mercedes Benz Group tumbled 4 percent after slashing prices on two electric car models in China.
Rival BMW lost 2.6 percent and Volkswagen gave up 2.4 percent.
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Canadian Stocks Climb As U.S.-Canada Talks Continue
Canada's stock market scaled a new high on Friday as traders expressed optimism in the continuing high-level U.S.-Canada trade negotiations even as August 1 deadline is closing in.
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Gold Slips As U.S. Tariff Concerns Start To Ease
Gold prices fell modestly on Friday as investors see a glimpse of positivity with news of more countries signing deals with the US coming in and other major US trading partners brainstorming with their US counterparts to secure a deal before August 1.
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Crude Falls As Chevron Allowed To Start Operations In Venezuela
Crude oil fell on Friday on reports that the U.S. might allow partners of Venezuela's state-run PDVSA to resume operations, sparking concerns of over-supply. Earlier in the day, crude oil traded in the positive territory as the U.S. signed a spate of trade deals with its major trading partners in the past few days.
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U.S. Dollar Firms On Easing Trade Tensions
The U.S. dollar advanced against its major counterparts in the New York session on Friday, as investors awaited trade talks between the country and key trading partners.
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Swiss Market Ends Notably Lower
The Switzerland market ended notably lower on Friday as uncertainty about Trump administration's tariff decisions and a few disappointing earnings updates weighed on sentiment.
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European Stocks Close Lower On Trade Deal Concerns, Some Weak Earnings Updates
European stocks closed broadly lower on Friday, weighed down by concerns about the progress of trade negotiations, and some disappointing earnings updates. Investors also digested a slew of economic data from the region.
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vor 2 Tagen
Russia Slashes Interest Rates Again On Easing Price Pressures
Russia's central bank lowered the key interest rate massively for a second policy session in a row on Friday after policymakers assessed that inflationary pressures are declining and the economy is on a return to balanced growth.
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Bay Street Seen Opening With Negative Bias
Canadian shares are likely to open with a slightly negative bias Friday morning, weighed down by uncertainty about tariffs, and lower bullion prices.
Investors are also likely to react to earnings updates. The market is likely to move in a tight range for much of the day's trading session.
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vor 2 Tagen
