DAX Dips Ahead Of ECB Meeting

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DAX Dips Ahead Of ECB Meeting

(RTTNews) - German stocks fell in cautious trade on Thursday ahead of the ECB rate decision due later in the day.

The benchmark DAX was down 50 points, or 0.3 percent, at 15,603 after losing 0.4 percent in the previous session.

Thyssenkrupp fell 1.7 percent after an announcement that the conglomerate would reorganize its portfolio and combine business units with key technologies useful for the decarbonization of industry.

Nordex SE, a turbine manufacturer, jumped nearly 4 percent after it obtained an order from renewable energy company, BayWa r.e to supply and install 24 N163/5.X turbines from the Delta4000 series in Spain.

Automakers BMW, Mercedes Benz and Volkswagen all fell around 2 percent after Beijing blasted the launch of a probe by the European Commission into China's electric vehicle (EV) subsidies as protectionist.

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German Factory Orders Log Unexpected Fall

German Factory Orders Log Unexpected Fall

Germany's factory orders declined unexpectedly in June on a notable fall in demand from non-EU countries, figures from Destatis revealed on Wednesday. New orders fell 1.0 percent month-on-month in June, confounding expectations for an increase of 1.0 percent. The fall was also sharper than the 0.8 percent decrease posted in May. When large-scale orders are excluded, new orders were 0.5 percent.
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European Shares Seen Higher At Open

European Shares Seen Higher At Open

European stocks are seen opening broadly higher on Wednesday despite tariff worries, mixed earnings and signs of a weakening U.S. economy.
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Sensex, Nifty Little Changed In Early Trade

Sensex, Nifty Little Changed In Early Trade

Indian shares were little changed in cautious trade on Wednesday after U.S. President Donald Trump threatened to raise tariffs on Indian goods "very substantially" within 24 hours, citing India's continued purchases of Russian oil.
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European Economic News Preview: Germany Factory Orders Data Due

European Economic News Preview: Germany Factory Orders Data Due

Factory orders and construction purchasing managers' survey data from Germany and retail sales from the euro area are the top economic news due on Wednesday. At 2.00 am ET, Destatis is scheduled to issue Germany's factory orders data for June. Orders are forecast to grow 1.0 percent month-on-month, in contrast to the 1.4 percent fall in May.
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Australian Market Maintains Early Gains In Mid-market

Australian Market Maintains Early Gains In Mid-market

The Australian stock market is maintaining its early gains in mid-market moves on Wednesday, extending to the gains in the previous two sessions, with the benchmark S&P/ASX 200 moving above the 8,800 level to all-time record highs, despite the broadly negative cues from Wall Street overnight, with gains across most sectors led by mining and financial stocks.
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Asian Markets Track Wall Street Lower

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Wednesday, following the broadly negative cues from Wall Street overnight, amid the ongoing trade concerns following US President Donald Trump's latest comments on tariffs. Trump said he will be announcing new tariffs on semiconductors and chips as well as up to 250 percent on pharmaceuticals imported into the U.S.
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