DAX Extends Losses On China Growth Concerns

RTTNews | Pred 700 dňami
Stocktwits
DAX Extends Losses On China Growth Concerns

(RTTNews) - German stocks declined on Friday to extend losses from the previous session on China growth concerns and fears of further interest-rate hikes by the U.S. Federal Reserve.

China's property giant Evergrande has filed for bankruptcy protection in the United States, underscoring the deepening turmoil in the country's property sector.

The benchmark DAX was down 111 points, or 0.7 percent, at 15,565 after declining 0.7 percent in the previous session.

Sports apparel and footwear giant Adidas fell 1.3 percent after renewing a long-term license agreement with Coty Inc., a manufacturer of fragrance, color cosmetics, and skin and body care products.

SUSE soared 60 percent after the software solutions provider said it would quit the Frankfurt Stock Exchange and become a private company again.

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Malaysia GDP Growth Improves In Q2

Malaysia GDP Growth Improves In Q2

Malaysia's economic growth improved in the second quarter driven by strong domestic demand amid global trade distortions, advance estimates from the Department of Statistics showed on Friday. Gross domestic product expanded 4.5 percent year-on-year in the second quarter, slightly faster than the 4.4 percent growth seen in the first quarter.
RTTNews | Pred 2 h 0 min
Yen Falls Ahead Of Japan Election

Yen Falls Ahead Of Japan Election

The Japanese yen weakened against other major currencies in the Asian session on Friday, as traders remain uncertain about Japan's upper house election and consider the fiscal implications of this weekend's vote. Meanwhile, the country's 40-year government bond yield experienced a notable decline.
RTTNews | Pred 2 h 18 min
Yen Falls Against Majors

Yen Falls Against Majors

The Japanese yen weakened against other major currencies in the Asian session on Friday.
RTTNews | Pred 2 h 40 min
Antipodean Currencies Rise Amid Risk-on Mood

Antipodean Currencies Rise Amid Risk-on Mood

The antipodean currencies such as the Australia and the New Zealand dollars strengthened against their major counterparts in the Asian session on Friday amid increased risk-on mood, as traders reacted to upbeat economic data from the U.S. and Japan that renewed optimism about the global economy. Countries are also hustling to strike trade deals with the U.S. as the August 1 deadline for pausing of "reciprocal tariffs" is less than a fortnight away.
RTTNews | Pred 3 h 2 min
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