DAX Slumps On Concerns Over US Economy

RTTNews | 761 วันที่ผ่านมา
DAX Slumps On Concerns Over US Economy

(RTTNews) - German stocks succumbed to heavy selling pressure on Wednesday, with the lack of details on China's stimulus measures and the U.S. credit rating downgrade by Fitch Ratings denting sentiment.

The benchmark DAX was down 276 points, or 1.7 percent, at 15,963 after losing 1.3 percent in the previous session.

Automotive and industrial supplier Schaeffler Group fell 2.2 percent despite lifting its FY23 margin view and backing sales growth forecast.

Likewise, Hugo Boss declined 1.2 percent despite the luxury fashion brand reporting higher earnings and sales in the second quarter and raising its guidance again for 2023.

Specialty chemicals maker Symrise lost 2.4 percent after reporting lower earnings for the first half of the year.

Siemens Healthineers plunged 7.6 percent. The medical device maker confirmed its outlook after reporting an unexpected drop in quarterly operating profit.

read more
Indian Rupee Declines To Record Low Against U.S. Dollar

Indian Rupee Declines To Record Low Against U.S. Dollar

The Indian rupee weakened against the U.S. dollar in the European session on Monday, with larger economic challenges and increased worries about further U.S. taxes on Indian imports.
RTTNews | 38 นาทีที่ผ่านมา
UK Mortgage Approvals Rise To 6-Month High

UK Mortgage Approvals Rise To 6-Month High

UK mortgage approvals increased to the highest in six months in July but secured lending decreased to a two month low, official data showed Monday. Mortgage approvals for house purchases, an indicator of future borrowing, rose by 800 to 65,400 in July, the Bank of England said. This was the highest total since January, when approvals hit 65,775. Approvals were forecast to drop to 64,000.
RTTNews | 47 นาทีที่ผ่านมา
Eurozone Manufacturing Growth At 38-Month High

Eurozone Manufacturing Growth At 38-Month High

The euro area manufacturing activity grew at the fastest pace in more than three years in August driven by a sharp rise in output and the renewed uptick in domestic demand, data published by S&P Global showed on Monday. The HCOB final manufacturing Purchasing Managers' Index improved to 50.7 in August from 49.8 in July. This was the first expansion in the currency bloc since June 2022. The flash
RTTNews | 1 ชม. 28 นาทีที่ผ่านมา
CAC 40 Up Slightly In Cautious Trade

CAC 40 Up Slightly In Cautious Trade

French stocks are up slightly in cautious trade on Monday as the focus remains on the upcoming confidence vote on French Prime Minister Francois Bayrou's government. Investors, digesting the latest batch of regional economic data, are also awaiting the crucial U.S. non-farm payroll data due later in the week.
RTTNews | 2 ชม. 5 นาทีที่ผ่านมา
DAX Advances; Pharma Stocks Among Notable Gainers

DAX Advances; Pharma Stocks Among Notable Gainers

The German market is modestly higher on Monday, as a U.S. appeals court ruling that many of Donald Trump's tariffs were illegal. Healthcare stocks are finding support after Danish pharma company Novo Nordisk's weight-loss drug Wegovy offered better heart-protective benefits than rival treatments from U.S.-based Eli Lilly.
RTTNews | 2 ชม. 34 นาทีที่ผ่านมา
U.S. Dollar Falls Amid Rising Fed Rate Cut Bets

U.S. Dollar Falls Amid Rising Fed Rate Cut Bets

The U.S. dollar weakened against other major currencies in the late Asian session on Monday, due to growing speculation that the U.S. Federal Reserve (Fed) may lower interest rates at its September meeting.
RTTNews | 3 ชม. 13 นาทีที่ผ่านมา