DAX Slips On Weak Industrial Production Data
(RTTNews) - German stocks traded lower on Monday after official data showed Germany's industrial production declined more than expected in June on weak auto production.
Industrial production posted a monthly fall of 1.5 percent in June, following a revised 0.1 percent drop in May, Destatis reported while analysts forecast output to decrease moderately by 0.5 percent.
On a yearly basis, industrial production slid 1.7 percent in June after staying flat in May.
Elsewhere, the Eurozone Sentix Investor Confidence improved to -18.9 in August from -22.5 in July. Analysts had expected a score of -23.4.
The benchmark DAX was down 26 points, or 0.2 percent, at 15,925 after edging up 0.4 percent on Friday.
Vehicle maker Daimler Truck Holding fell about 1 percent.
The company said that its Chief Financial Officer Jochen Goetz, 52, passed away suddenly and unexpectedly in a tragic incident on August 5th, 2023.
Aurubis AG, a supplier of non-ferrous metals, plunged nearly 8 percent after revenue for the first nine months of fiscal 2023 missed expectations.
Siemens Energy gained more than 1 percent despite posting a wider loss for Q3 and cutting its annual outlook.
Bay Street Likely To Open On Weak Note
FTSE 100 Down Sharply As Bond Yields Climb Higher
CAC 40 Sheds About 1.3% On Economic Concerns
DAX Down Over 1% On Economic Worries; Allianz, Siemens Energy Up Sharply On Earnings
Sensex, Nifty End Choppy Session Marginally Higher
European Shares Extend Losses On Economic Concerns
China Industrial Output, Retail Sales Growth Eases
