DAX Slips On Recession Worries

RTTNews | 1047 days ago
Stocktwits
DAX Slips On Recession Worries

(RTTNews) - German stocks fell on Tuesday amid worries over economic downturn after top U.S. retailer Walmart cut its Q2 and full 2023-year guidance, citing a slowdown in consumer spending due to inflation fears.

Growing energy crisis also remained on investors' radar after Russian state-owned energy company Gazprom said it will further cut gas flows through Nord Stream 1, Russia's biggest gas pipeline to Europe.

The benchmark DAX dropped 46 points, or 0.4 percent, to 13,164 after losing 0.3 percent in the previous session.

Construction equipment manufacturer Wacker Neuson declined 1.3 percent. The company said it expects group revenue for the second-quarter 2022 to be about 548.1 million euros compared to 494.3 million euros in the prior year.

Stratec slumped 13 percent. The company, which develops and produces analyzer systems and automation systems in the field of in-vitro-diagnostics, expects consolidated sales to be 137.2 million euros for the first half of 2022 compared to 155.8 million euros last year.

Stocktwits
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U.S. Dollar Higher After Strong Jobs Data

U.S. Dollar Higher After Strong Jobs Data

The U.S. dollar firmed against its major counterparts in the New York session on Friday, following the release of better-than-expected nonfarm payrolls report for May.
RTTNews | 1 day ago
Swiss Market Ends Modestly Higher

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After a flat start and a subsequent modest upmove, the Switzerland market turned subdued and fell into negative territory by noon on Friday, but recovered gradually to finally end the day's session on a positive note.
RTTNews | 1 day ago
European Markets Close Higher

European Markets Close Higher

The major European markets closed slightly higher on Friday, supported by data showing stronger-than-expected jobs growth in the U.S., and an upward revision in eurozone first-quarter GDP. Weak industrial production data from Germany and France, and persisting concerns about U.S. tariffs limited markets' upside.
RTTNews | 1 day ago
CPSC Recalls: 3.8 Mln Dumbbells, 1.7 Mln Air Conditioners, Golf Cars, CO Detectors, Casters, E-Bikes

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The U.S. Consumer Product safety Commission or CPSC has announced various recalls including around 3.8 million units of dumbbells by Johnson Health Tech Trading, 1.7 million air conditioners by Midea America Corp., around 352 thousand units of Yamaha golf cars including previously recalled ones, and around 50 thousand units of Apollo America's Combination Smoke and Carbon Monoxide or CO Detectors.
RTTNews | 1 day ago
TSX Pares Some Gains After Hitting Fresh Record High

TSX Pares Some Gains After Hitting Fresh Record High

Canadian stocks are up in positive territory in late morning trade on Friday, amid slightly easing concerns about tariffs following somewhat encouraging phone calls between the U.S. President Donald Trump and Chinese Premier Xi. Investors are also digesting the nation's jobs data, as well the non-farm payrolls data from the U.S.
RTTNews | 1 day ago
U.S. Job Growth Slightly Exceeds Estimates In May

U.S. Job Growth Slightly Exceeds Estimates In May

Employment in the U.S. increased by slightly more than expected in the month of May, according to a report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment shot up by 139,000 jobs in May after jumping by a downwardly revised 147,000 jobs in April.
RTTNews | 1 day ago
Bay Street May Open Slightly Higher; U.S., Canadian Jobs Data In Focus

Bay Street May Open Slightly Higher; U.S., Canadian Jobs Data In Focus

Higher Canadian and U.S. futures point to a slightly positive start on Bay Street Friday morning. The focus is on the crucial jobs data from Canada as well as the U.S. Lingering concerns about trade tensions may weigh on sentiment and limit market's upside.
RTTNews | 1 day ago
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