DAX Down Nearly 1% Ahead Of Key U.S. Economic Data

RTTNews | 6 h 58 min atrás

(RTTNews) - German stocks are notably lower on Thursday, weighed down by concerns about the outlook for Fed interest rates, and caution ahead of some key economic data from the U.S., including a report on GDP and inflation.

The benchmark DAX was down 205.40 points or 0.87% at 23,476.30 a little while ago.

Siemens Healthineers is down more than 4.5%. Siemens Energy is lower by about 3.5% and Heidelberg Materials is declining by about 3%.

Adidas, Merck, Brenntag, GEA Group, Siemens, Qiagen, MTU Aero Engines and Fresenius Medical Care are down 1.2 to 2.5%. Rheinmetall and Deutsche Bank are down nearly 1% from previous closing levels.

Commerzbank is rising nearly 2.5%. Continental is up 1.7%, Hannover Rueck is gaining 1.3%, Porsche Automobil Holding is up 1.2% and BMW is advancing 1.1%.

RWE, Deutsche Post, E.ON, Beiersdorf, Mercedes-Benz and Deutsche Bank are up with moderate gains.

German consumer confidence is set to improve slightly in October halting its downward trend as income expectations strengthened, a closely watched survey data showed.

The forward-looking consumer confidence index rose to -22.3 in October from revised -23.5 in the previous month. The reading was seen at -23.3.

Data from the European Automobile Manufacturers' Association, ACEA, showed new car registrations in Europe saw an annual increase of 5.3% in August compared to a 7.4% rise in July. This was the second straight month of growth.

However, EU car registrations edged down 0.1% in the year-to-date period.

Canadian Market Recovers From Early Setback, Down Just Marginally

Canadian stocks are down in negative territory on Thursday, extending weakness to a third straight session, amid uncertainty about the outlook for U.S. interest rates following data showing stronger than expected U.S. GDP growth in the second quarter.

RTTNews | 1 h 16 min atrás

U.S. Existing Home Sales Dip Much Less Than Expected In August

Existing home sales in the U.S. saw a modest pullback in the month of August, according to a report released by the National Association of Realtors on Thursday. NAR said existing home sales dipped by 0.2 percent to an annual rate of 4.00 million in August after jumping by 2.0 percent to an annual rate of 4.01 million in July. Economists had expected existing home sales to slump by 1.3 percent.

RTTNews | 2 h 52 min atrás

U.S. GDP Surges 3.8% In Q2, Much More Than Previously Estimated

Revised data released by the Commerce Department on Thursday showed the U.S. economy unexpectedly grew by much more than previously estimated in the second quarter of 2025. The report said real gross domestic product spiked by 3.8 percent in the second quarter compared to the previously reported 3.3 percent surge. Economists had expected the pace of GDP growth to be unrevised.

RTTNews | 2 h 55 min atrás

U.S. Durable Goods Orders Unexpectedly Rebound In August

After reporting a sharp pullback by new orders for U.S. manufactured durable goods over the two previous months, the Commerce Department released a report on Thursday unexpectedly showing a significant rebound by durable goods orders in the month of August. The Commerce Department said durable goods orders shot up by 2.9 percent in August after tumbling by a revised 2.7 percent in July.

RTTNews | 3 h 20 min atrás

Starbucks To Close Coffeehouses, Cut 900 Jobs In $1 Bln Restructuring

As part of its "Back to Starbucks" strategy, Coffee giant Starbucks Corp. Thursday announced a $1 billion restructuring plan involving the closure of select coffeehouses and around 900 job cuts. In a filing with the U.S. Securities and Exchange Commission, the company said it estimates the $1 billion restructuring charges to be related to the store closures, support organization transformation,

RTTNews | 3 h 30 min atrás

U.S. Weekly Jobless Claims Unexpectedly Decrease To Two-Month Low

A report released by the Labor Department on Thursday unexpectedly showed an extended pullback by first-time claims for U.S. unemployment benefits in the week ended September 20th. The Labor Department said initial jobless claims fell to 218,000, a decrease of 14,000 from the previous week's revised level of 232,000. Economists had expected jobless claims to inch up to 235,000.

RTTNews | 3 h 38 min atrás

Swiss National Bank Pauses Policy Easing

The Swiss National Bank left its policy rate unchanged after easing for six straight meetings as higher US trade tariff dampened the economic outlook amid weak inflation. The SNB retained its policy rate unchanged at zero percent, as widely expected. Banks' sight deposits held at the SNB will be remunerated at the SNB policy rate up to a certain threshold.

RTTNews | 4 h 5 min atrás

U.S. GDP Surges Much More Than Previously Estimated In Q2

Revised data released by the Commerce Department on Thursday showed the U.S. economy unexpectedly grew by much more than previously estimated in the second quarter of 2025.

RTTNews | 4 h 30 min atrás

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