DAX Slides As Italy's Draghi Resigns
(RTTNews) - German stocks fell on Thursday after Italian Prime Minister Mario Draghi offered his resignation to the president, in a move that will raise the prospect of snap elections as soon as early October.
Meanwhile, Russia resumed natural gas supplies to Germany, helping to ease worries about fallout on the economy.
The euro wilted as investors braced for the interest-rate decision from the European Central bank. A 25-bps hike is already priced in by markets.
The benchmark DAX slipped 110 points, or 0.8 percent, to 13,172 after declining 0.2 percent the previous day.
SAP tumbled 3.6 percent after the business software company lowered its 2022 profit outlook.
Sartorius soared 7.5 percent. The pharmaceutical and laboratory equipment supplier confirmed its 2022 outlook after reporting encouraging first-half results.
European Shares Likely To Drift Lower Ahead Of US Jobs Report
Indian Shares Open Lower On Trade Deal Delay
Australian Market Slips To Modest Losses In Mid-market
Asian Markets Track Wall Street Lower
Indian Shares Seen Opening Lower As Investors Await Key US Data
Thai Stock Market May See Profit Taking On Tuesday
Indonesia Shares May Open Under Water On Tuesday
