DAX Little Changed In Lackluster Trade
(RTTNews) - German stocks were little changed on Wednesday as U.S.-China tensions over House Speaker Nancy Pelosi's visit to Taiwan weighed, earnings proved to be a mixed bag and a survey showed Germany's service sector contracted in July.
S&P Global's final services PMI fell to a final reading of 49.7 from 52.4 the previous month. That was slightly above a flash estimate of 49.2.
The benchmark DAX was virtually unchanged at 13,456 after closing 0.2 percent lower the previous day.
Luxury carmaker BMW slumped 4.8 percent after it warned of a highly volatile second half.
Semiconductor firm Infineon Technologies rallied 2.5 percent after raising its guidance for the fiscal year.
Lender Commerzbank edged down slightly despite posting better-than-expected profit in the second quarter.
Luxury fashion house Hugo Boss advanced 2.2 percent after raising its FY22 forecast.
Pound Slides Against Majors
FTSE 100 Weak Again, Looks Headed For Weekly Loss
Pound Falls Against Majors
French Stocks Mostly Subdued In Cautious Trade
French Inflation Cools; Economy Expands As Estimated
Sensex, Nifty Extend Losses On Trade Worries
DAX Down Nearly 0.5% As Investors Focus On Economic Data
