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DAX Slips As PMI Disappoints
(RTTNews) - German stocks were slightly lower on Monday after a preliminary survey showed German business activity contracted in July, raising the odds of a recession in the second half of the year.
The HCOB German Flash Composite Purchasing Managers' Index (PMI), compiled by S&P Global, dropped to 48.3 from 50.6 in June.
This is a bad start to the third quarter and our GDP forecast for the third quarter points to negative growth, said Cyrus de la Rubia, chief economist at Hamburg Commercial Bank.
Investors also awaited rate decisions from the Federal Reserve, the European Central Bank and the Bank of Japan this for directional cues.
The benchmark DAX was down 20 points, or 0.1 percent, at 16,157 after losing 0.2 percent on Friday.
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European Shares Drift Lower Ahead Of US Inflation Reading
European stocks traded lower on Friday as investors waited for key U.S. inflation data due later in the day that could provide additional clues on a potential Federal Reserve rate cut in September.
RTTNews
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Pred 37 minútami
Antipodean Currencies Rise As Traders Await U.S. PCE Inflation Data
The antipodean currencies such as the Australia and the New Zealand dollars strengthened against their major currencies in the Asian session on Friday, as traders await the July Personal Consumption Expenditures (PCE) price index due later in the day.
RTTNews
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Pred 38 minútami
Asian Shares Mixed Ahead Of US PCE Inflation Data
Asian stocks ended mixed on Friday as caution prevailed ahead of a key U.S. inflation report due later in the day that might show core personal consumption expenditures prices rose 2.9 percent in July, the fastest pace in five months.
RTTNews
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Pred 53 minútami
NZ Dollar Advances Against Majors
The New Zealand dollar strengthened against other major currencies in the Asian session on Friday.
RTTNews
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Pred 2 h 4 min
Australian Dollar Rises Against Majors
The Australian dollar strengthened against other major currencies in the Asian session on Friday.
RTTNews
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Pred 2 h 10 min
European Shares Seen Mostly Lower Before US Inflation Data
European stocks may open broadly lower on Friday as the prospect of a peace agreement between Russia and Ukraine waned and focus shifted to a key U.S. inflation reading due later in the day that could provide additional clues on the Federal Reserve's rate outlook.
RTTNews
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Pred 3 h 52 min
Sensex, Nifty Struggle For Direction In Early Trade
Indian shares were little changed on Friday, giving up early gains amid mounting concerns about the impact of U.S. tariffs on Indian goods.
RTTNews
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Pred 4 h 59 min
Australian Market Swings To Modest Gains In Mid-market
The Australian stock market is swinging to modest gains in mid-market moves on Friday after opening in the red, extending the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 9,000 mark, with gains in energy and technology stocks partially offset by weakness in mining and financial stocks.
RTTNews
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Pred 5 h 56 min
