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DAX Slips Into Red Ahead Of Business Confidence Data
(RTTNews) - German stocks slipped into the red on Monday as investors awaited the IFO survey results as well as speeches by ECB Chief Economist Philip Lane and Executive Board member Isabel Schnabel for fresh impetus.
The benchmark DAX was down 52 points, or 0.3 percent, at 16,699 after finishing marginally lower on Friday.
Thyssenkrupp Nucera, which made its Frankfurt market debut in July, jumped nearly 3 percent as it reported fourth quarter net income of 4.3 million euros compared to a loss of 1.2 million euros last year. Thyssenkrupp shares fell about 1 percent.
Software AG rose about 2 percent after IBM said it would buy the German firm's enterprise tech business for 2.13 billion euros in cash.
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Canadian Dollar Eases Against Most Majors
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Swiss Market Ends Sharply Lower
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Canadian Market Remains Weak On Tariff Concerns
After a weak start and a subsequent drop to lower levels, the Canadian market continues to languish in negative territory a little past noon on Friday. The mood is cautious amid escalating trade war fears following U.S. President Donald Trump announced a 35% tariff on all non-USMCA Canadian imports, effective August 1.
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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.
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Pound Falls As U.K. Economy Contracts For Second Straight Month
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Wall Street Likely To Open On Weak Note
Lower futures and escalating fears of a global trade war point to a weak start for U.S. stocks Friday morning.
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Pound Falls Against Majors
The British pound weakened against other major currencies in the European session on Friday.
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