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DAX Dips On Profit Taking After Recent Gains
(RTTNews) - German stocks slipped into the red on Friday as caution set in after recent strong gains on optimism over signs the Federal Reserve might slow down the pace of rate hikes.
Investors also expect smaller rate hikes by the European Central Bank amid lingering worries of a recession in the euro zone.
The benchmark DAX slipped 0.1 percent to 14,469 after rising 0.7 percent in the previous session.
Banks were subdued, with Deutsche Bank falling nearly 1 percent. Tech stocks were rising, with Infineon rising half a percent.
The euro extended gains against the dollar for a third straight session, hitting a six-month high and on track for a second weekly gain in a row.
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Canadian Dollar Advances Against Most Majors
The Canadian dollar firmed against its most major counterparts in the New York session on Friday.
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Pred 11 h 46 min
Swiss Market Ends Modestly Lower
The Switzerland market ended weak on Friday, in line with markets across Europe, as concerns about the health of U.S. regional banks hurt sentiment and triggered a sell-off in financials stocks across the globe.
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Pred 16 h 51 min
European Markets Close Weak On Credit Market Jitters, Trade Tensions
European markets closed weak on Friday, with bank stocks posting losses amid concerns about the health of U.S. credit markets. Concerns about U.S.-China trade tensions, and the ongoing war in Ukraine also weighed on sentiment.
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Pred 17 h 7 min
TSX Down Sharply; Materials Stocks Tumble
The Canadian market is down sharply in negative territory Friday afternoon due to a sell-off in materials stocks. Concerns about growth after Bank of Canada Governor Tiff Maclem warned that spillovers from U.S. President Donald Trump's tariff policies could weaken the economy.
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Pred 17 h 51 min
Bay Street Headed For Weak Start
Lower Canadian and U.S. futures amid worries about the health of US regional banks, and lingering concerns about U.S.-China trade tensions point to a weak start for the Canadian market on Friday.
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Pred 22 h 7 min
FTSE 100 Down 1.4%; Bank Stocks Fall On U.S. Lenders' Credit Woes
The UK market is down sharply on Friday, hurt by a sell-off in the financials sector amid concerns about the health of U.S. banks after a couple of regional banks disclosed that they were exposed to alleged fraud by borrowers, spreading jitters about credit market turmoil.
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Pred 23 h 27 min
CAC 40 Drifts Lower As Bank Stocks Tumble; Essilor Jumps On Strong Earnings
A day after hitting a 7-month high, French stock market's benchmark index CAC 40 has slipped into negative territory with bank stocks suffering sharp losses on Friday amid concerns about the health of U.S. credit markets.
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Pred 1 dňom
Pound Falls Amid BoE Rate Cut Speculation
The British pound weakened against other major currencies in the European session on Friday, amid rising expectations that the Bank of England (BoE) will cut interest rates further this year.
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Pred 1 dňom
