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DAX Slips As Growth Worries Resurface
(RTTNews) - German stocks slipped on Tuesday as weak Chinese GDP data rekindled worries about slowing global growth.
The benchmark DAX was down 23 points, or 0.2 percent, at 15,111 after rising 0.3 percent in the previous session.
Nordex AG, a wind turbine maker, fell 1.6 percent after it posted a decline in order intake for its wind turbines the fourth-quarter and full-year, amidst a challenging market environment.
Luxury fashion brand Hugo Boss AG dropped 1.3 percent. The company said that its fourth-quarter preliminary sales grew 18 percent to 1.07 billion euros from last year's 905 million euros. Quarterly sales exceeded the 1 billion euros mark for the first time in its history.
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Tesla Shares Hit By Elon Musk's Plan To Form New Political Party
Tesla Inc. shares were losing around 8% in the morning trading on the Nasdaq on Monday after CEO Elon Musk announced his plans to launch a new U.S. political party following his ongoing feud with President Donald Trump over the 'One Big, Beautiful Bill.' Tesla founder and the former head of the Department of Government Efficiency or DOGE, launched the 'America Party' on Saturday in the latest...
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1h 15min ago
FTSE 100 Trades Below The Flatline
Persisting tensions on the trade front and growing concerns over U.K.'s fiscal outlook dampened sentiment and dragged down the FTSE 100 to negative territory.
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3h 17min ago
Domino's Pizza's Online $9.99 Offer Of Any Pizza With Any Toppings On July 7- Aug. 3
Domino's Pizza Inc., the largest pizza company in the world, announced its "Best Deal Ever' promotion, offering any pizza with any toppings for $9.99 each when they order online between July 7 and August 3. Domino's $9.99 deal includes Hand Tossed, Handmade Pan, New York Style, Gluten Free and Crunchy Thin Crust, as well as an assortment of sauces and toppings.
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3h 23min ago
CAC 40 Gains Amidst Trade Jitters
Despite trade related uncertainties, the CAC 40 benchmark that tracks the 40 largest French stocks based on the Euronext Paris has gained more than a quarter percent on Tuesday.
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3h 48min ago
Eurozone Retail Sales Drop For First Time In 5 Months; Services Output Fall
Euro area retail sales decreased for the first time in five months and services production declined in May, suggesting a slowdown in the second quarter. Retail sales logged a monthly fall of 0.7 percent in May, reversing April's 0.3 percent increase, Eurostat reported Monday. Sales were expected to drop 0.8 percent.
Another data from Eurostat showed that services production decreased 0.3 percen
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4h 30min ago
U.S. Dollar Rises Against Majors
The U.S. dollar strengthened against other major currencies in the European session on Monday.
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5h 15min ago
Cautious Optimism Lifts DAX
The DAX benchmark that tracks the performance of the 40 largest companies listed on the Frankfurt Stock Exchange is trading in the green zone on Monday amidst a mood of cautious optimism.
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5h 34min ago
Nissan Stock Slips On Reports Of Talks With Foxconn To Collaborate On EV Production In Japan
Japanese automaker Nissan Motor Co Ltd. (NSANF.PK, NSANY.PK) is in talks with Taiwan's electronics major Foxconn to partner on the production of electric vehicles or EVs in Japan, Nikkei reported. The potential joint venture collaboration is expected to save Nissan's Oppama plant from the risk of closure. Following the news, Nissan Motor shares closed Monday's trading in Tokyo down 5%.
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5h 37min ago
