DAX Struggles For Direction After Inflation Data

RTTNews | 991 days ago
Stocktwits
DAX Struggles For Direction After Inflation Data

(RTTNews) - German stocks were little changed in lackluster trade on Thursday after data showed German consumer price inflation hit a new record in September, as initially estimated, on rising energy and food prices.

Consumer price inflation accelerated to 10.0 percent in September from 7.9 percent in August, final data from Destatis showed - matching the flash estimate.

EU harmonized inflation rose sharply to 10.9 percent, in line with estimate, from 8.8 percent in the previous month.

The benchmark DAX was up 12 points, or 0.1 percent, at 12,184 after closing 0.4 percent lower the previous day.

Tech stocks fell again, with Infineon losing nearly 2 percent, after chip-making technology supplier Applied Materials Inc cut its profit estimates, saying U.S. export restrictions to China would result in a $250 million-$550 million loss in net sales in the quarter ending Oct. 30.

Sugar producer Suedzucker tumbled 3.4 percent despite posting a sharp rise in quarterly earnings and forecasting increased full-year profits.

Stocktwits
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Sensex, Nifty Subdued After Last Week's Rally

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Indonesia Shares Poised Extend Thursday's Gains

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RTTNews | 3h 33min ago
Australian Market Modestly Higher

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The Australian stock market is modestly higher on Monday, reversing some of the losses in the previous two sessions, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is staying above the 8,500.00 level, with gains is financial and technology stocks partially offset by weakness in mining stocks.
RTTNews | 3h 46min ago
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