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DAX Marginally Lower; Lagarde Speech Eyed

RTTNews | 563 dagar sedan

DAX Marginally Lower; Lagarde Speech Eyed

(RTTNews) - German stocks were little changed in cautious trade on Monday as investors awaited comments from European Central Bank's President Christine Lagarde on monetary policy before a committee of European Parliament.

She is expected to give an assessment on the region's monetary policy ahead of Euro zone's flash inflation estimates and manufacturing data for November due later in the week.

The benchmark DAX was marginally lower at 16,028 after falling around 0.2 percent on Friday.

Banks Commerzbank and Deutsche Bank were flat to slightly higher while automakers BMW, Mercedes Benz and Volkswagen were seeing modest losses.

Asian markets ended broadly lower earlier today following disappointing industrial profits data from China.

U.S. stock futures traded lower ahead of a busy week of economic data releases and speeches from Federal Reserve officials, including Fed Chair Jerome Powell.

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DAX Down Sharply As Trade Concerns, Middle East Tensions Hurt Sentiment

DAX Down Sharply As Trade Concerns, Middle East Tensions Hurt Sentiment

German stocks are notably lower on Thursday, weighed down by trade tensions and escalating tensions in the Middle East. Amid a lack of specifics in the much talked about framework agreement, it is feared that the U.S.-China trade tensions may not subside any significantly for now.

RTTNews | 16 minuter sedan

UK Economy Contracts Most Since 2023

UK Economy Contracts Most Since 2023

The UK economy contracted at the fastest pace in 18 months in April as the end of stamp duty holiday, tax hike on businesses and higher US trade tariffs damped the positive momentum seen at the start of the year. Real gross domestic product declined 0.3 percent month-on-month in April, following a growth of 0.2 percent in March, the Office for National Statistics reported Thursday.

RTTNews | 46 minuter sedan

European Shares Edge Lower As Trade Optimism Fades

European Shares Edge Lower As Trade Optimism Fades

European stocks traded lower on Thursday, with U.S.-China trade tensions and escalating tensions in the Middle East keeping investors worried.

RTTNews | 1h 19minuter sedan

Asian Shares Mixed As Investors Await Details On Sino-US Trade Deal

Asian Shares Mixed As Investors Await Details On Sino-US Trade Deal

Asian stocks turned in a mixed performance on Thursday as a new U.S.-China trade deal provided few concrete details.

RTTNews | 1h 46minuter sedan

FDA Upgrades Medtronic Recall Of Newport Ventilators To Class I

FDA Upgrades Medtronic Recall Of Newport Ventilators To Class I

Medical devices maker Medtronic plc has urged customers to discontinue clinical use of the recently recalled certain Newport branded ventilators and certain related service parts after the U.S. Food and Drug Administration upgraded it to a Class I recall. According to the FDA, a Class I recall is the most serious type of recall, a situation where the use of, or exposure to, a violative product...

RTTNews | 2h 4minuter sedan

Pound Slides On Weak U.K. GDP Data

Pound Slides On Weak U.K. GDP Data

The British pound weakened against other major currencies in the European session on Thursday, as U.K. economy shrank more than expected in April largely reflecting a fall in services output.

RTTNews | 2h 17minuter sedan

Pound Slides Against Majors

Pound Slides Against Majors

The British pound weakened against other major currencies in the European session on Thursday.

RTTNews | 2h 31minuter sedan

Commodity Currencies Slide Amid Rising Geopolitical Risks, Yen Rises

Commodity Currencies Slide Amid Rising Geopolitical Risks, Yen Rises

The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against other major currencies in the Asian session on Thursday, as rising geopolitical tensions in the Middle East weighed on market sentiment.

RTTNews | 2h 44minuter sedan

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