DAX Slips As Investors Await US Inflation Data

RTTNews | Pred 43 dňami
DAX Slips As Investors Await US Inflation Data

(RTTNews) - German stocks traded slightly lower on Monday as investors digested mixed inflation data from China and awaited U.S. inflation data due later this week for directional cues.

The benchmark DAX was down 25 points, or 0.1 percent, at 18,748 after rising half a percent on Friday.

IT company Q.beyond rose 1.4 percent after narrowing its Q1 loss and confirming 2024 outlook.

Adesso SE slumped 4.5 percent. The IT services provider reported that its first-quarter consolidated loss was 3.30 million euros, compared to prior year's profit of 2.02 million euros.

Ceconomy added nearly 2 percent after the electronics retailer said it expects adjusted earnings for fiscal 2024 to be above analysts' expectations.

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Dollar Recovers Against Some Major Counterparts

Dollar Recovers Against Some Major Counterparts

The U.S. dollar turned in a fairly positive performance against its major counterparts on Tuesday, riding on some hawkish comments from Fed officials, and the latest data on consumer confidence and home prices.
RTTNews | Pred 4 h 33 min
U.S. Stocks Close On Mixed Note Again; Technology Stocks Rebound

U.S. Stocks Close On Mixed Note Again; Technology Stocks Rebound

U.S. stocks closed mixed on Tuesday after a cautious session, as investors looked ahead to the release of some crucial U.S. data, including a report on consumer income and spending, for more clarity about the outlook for Federal Reserve's interest rates.
RTTNews | Pred 4 h 59 min
Swiss Market Ends Moderately Lower

Swiss Market Ends Moderately Lower

The Switzerland market ended weak on Tuesday, in line with markets across Europe, with investors awaiting some key economic data from the U.S. for more clues about the outlook for Federal Reserve's interest rate moves.
RTTNews | Pred 8 h 26 min
European Stocks Close Lower Ahead Of Crucial Economic Data

European Stocks Close Lower Ahead Of Crucial Economic Data

European stocks closed on a weak note on Tuesday as investors closely followed the political scene and digested some corporate news from the region, besides looking ahead to U.S. consumer income & spending data for clues about the outlook for Federal Reserve's monetary policy moves.
RTTNews | Pred 9 h 0 min
US Consumer Confidence Dips On Weaker Economic Expectations

US Consumer Confidence Dips On Weaker Economic Expectations

Consumer confidence in the U.S. eased slightly in June as households' economic expectations eroded, survey data from the Conference Board showed Tuesday. The Conference Board Consumer Confidence Index fell to 100.4 from 101.3 in May. Economists had expected a reading of 100.
RTTNews | Pred 11 h 14 min
Spirit Aero Stock Dips On Reports Of Boeing Changing Terms Of Acquisition Offer

Spirit Aero Stock Dips On Reports Of Boeing Changing Terms Of Acquisition Offer

Spirit AeroSystems shares were losing more than 5 percent in morning trade on the NYSE after Bloomberg reported that Boeing Co. changed the acquisition terms to stock offer from cash offer. Boeing has now offered to buy its key supplier Spirit AeroSystems Holdings Inc. for about $35 per share in a mostly stock deal, Bloomberg reported citing people familiar with the matter.
RTTNews | Pred 11 h 49 min