DAX Dips On Growth Worries

RTTNews | Pred 542 dňami
DAX Dips On Growth Worries

(RTTNews) - German stocks traded lower on Tuesday amid growth worries after a survey showed Germany's service sector remained under pressure from weak demand midway through the opening quarter, resulting in a fifth successive monthly drop in business activity.

The benchmark DAX was down 52 points, or 0.3 percent, at 17,663 after closing 0.1 percent lower the previous day.

In corporate news, Bayer, a pharmaceutical and biotechnology major, fell about 1 percent after posting a decline in fourth-quarter sales.

Schaeffler tumbled 3.5 percent. The manufacturer of rolling element bearings reported that its fiscal 2023 net income attributable to shareholders of the parent company amounted to 310 million euros, down from last year's 557 million euros.

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Pound Slides Against Majors

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RTTNews | Pred 1 h 8 min
FTSE 100 Weak Again, Looks Headed For Weekly Loss

FTSE 100 Weak Again, Looks Headed For Weekly Loss

U.K. stocks are trading lower on Friday, losing ground for a fourth straight session, weighed down to a large extent by the weakness in the financial sector, amid reports of likely imposition of windfall tax on banks.
RTTNews | Pred 1 h 41 min
Pound Falls Against Majors

Pound Falls Against Majors

The British pound weakened against other major currencies in the European session on Friday.
RTTNews | Pred 1 h 48 min
French Stocks Mostly Subdued In Cautious Trade

French Stocks Mostly Subdued In Cautious Trade

The French market is down in negative territory on Friday with investors digesting a slew of economic data, and look ahead to key consumer inflation report from the U.S.
RTTNews | Pred 1 h 59 min
French Inflation Cools; Economy Expands As Estimated

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France's consumer price inflation softened in August on weaker growth in transport costs and the economy logged a faster growth as estimated in the second quarter, official data revealed Friday. Consumer price inflation weakened marginally to 0.9 percent in August from 1.0 percent in July, provisional data from the statistical office INSEE showed.
RTTNews | Pred 2 h 25 min