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DAX Edges Higher Despite Weak China Data
(RTTNews) - German stocks edged higher on Tuesday even as a slew of economic data showed China's economic recovery is losing momentum.
Closer home, the German ZEW economic sentiment survey results for May and Eurozone GDP data are awaited later in the day.
The benchmark DAX was up 23 points, or 0.2 percent, at 15,946 after edging up marginally in the previous session.
Automakers slipped, with Daimler, Mercedes Benz and Volkswagen all falling around 1 percent on China recovery concerns.
Infineon rallied 2.3 percent after the semiconductor company bought Stockholm-based startup Imagimob AB for an undisclosed sum.
Hornbach Holding plunged 8.5 percent after saying it expects sales to remain more or less flat in 2023/24.
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European Shares Slide As Inflation Accelerates
European stocks traded lower on Tuesday after Eurostat data showed Eurozone inflation rose to 2.1 percent last month, climbing above the European Central Bank's 2 percent target for the first time since April driven by higher prices for food, alcohol and tobacco.
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Pound Slides Against Majors
The British pound weakened against other major currencies in the European session on Tuesday.
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FTSE Edges Lower As Yields Jump On Debt Concerns
U.K. stocks traded lower on Tuesday as the 30-year gilt yield hit a 27-year high at 5.680 percent in early trading on rising debt concerns, in a pre-budget blow for chancellor Rachel Reeves.
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CAC 40 Marginally Higher With French Politics In Focus
French stocks were marginally higher on Tuesday ahead of a crucial confidence vote in parliament next Monday.
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45 minuter sedan
DAX Drifts Lower Ahead Of Key Inflation Data
German stocks fell sharply on Tuesday while the euro pulled back from recent highs ahead of Eurozone inflation data due later in the day.
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Yen Slides Amid BoJ Rate Hike Uncertainty
The Japanese yen weakened against other major currencies in the European session on Tuesday, due to the uncertainties surrounding the probable timing of the Bank of Japan's (BoJ) next interest rate hike.
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1h 11minuter sedan
Asian Shares Give Up Early Gains To End Mixed
Asian stocks surrendered early gains to end on a mixed note Tuesday as technology stocks succumbed to profit taking in China and Hong Kong after a recent powerful rally on AI optimism.
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Yen Slides Against Majors
The Japanese yen weakened against other major currencies in the European session on Tuesday.
RTTNews
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2h 7minuter sedan
