DAX Down Firmly In Negative Territory

RTTNews | 259 gün önce

(RTTNews) - German stocks are down in negative territory on Friday, extending recent losses, amid concerns about the outlook for economic growth as the U.S. is set to levy reciprocal tariffs from early March.

The focus is also on a vote by Germany's upper house on the debt brake amendment.

The benchmark DAX, which tumbled to 22,732.32 earlier in the session, was down 129.45 points or 0.56% 22,883.68 a little while ago.

Zalando, Infineon, Rheinmetall and Beiersdorf are declining 3 to 4.5%. Sartorius, Deutsche Post, Continental, Siemens, MTU Aero, Symrise, BASF, Daimler Truck Holding and Volkswagen are lower by 1 to 2.7%.

Shares of perfume and cosmetics retailer Douglas AG are plunging more than 19% after the company lowered its FY2024/25 guidance due to a decline in consumer sentiment.

Siemens Energy is rising 1.1%. Deutsche Telekom is up nearly 1%, while Adidas, Fresenius and Brenntag are up with modest gains.

On the economic front, the euro area current account surplus declined in January as the surplus on services trade weakened, data from the European Central Bank revealed.

The current account surplus fell to EUR 35 billion from EUR 38 billion in December. The decline was largely driven by the fall in surplus on services trade to EUR 12 billion from EUR 18 billion. The surplus on primary income halved to EUR 2 billion from EUR 4 billion.

At the same time, the deficit on secondary income narrowed to EUR 14 billion from 17 billion.

On the other hand, the goods trade surplus rose to EUR 35 billion from EUR 33 billion.

Swiss Market Settles Modestly Higher

The Switzerland market shrugged off a sluggish start and stayed fairly steady right till the end of the session on Friday to finish modestly higher.

RTTNews | 5s 51 dakika önce

Major European Markets Close On Mixed Note

Despite a fairly good spell in positive territory till noon, European stocks failed to sustain at higher levels and ended on a mixed note on Friday. Investors digested the economic data from the region as well from the U.S., and looked ahead to next week's monetary policy announcement from the Federal Reserve.

RTTNews | 6s 24 dakika önce

TSX Drifts Lower As Strong Jobs Data Tempers BoC Rate Cut Hopes

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RTTNews | 7s 18 dakika önce

U.S. Consumer Sentiment Rebounds Much More Than Expected In December

Preliminary data released by the University of Michigan on Friday showed consumer sentiment in the U.S. has improved much more than anticipated in the month of December. The University of Michigan said its consumer sentiment index climbed to 53.3 in December from 51.0 in November. Economists had expected the consumer sentiment index to rise to 52.0.

RTTNews | 7s 54 dakika önce

U.S. Consumer Prices Increase In Line With Estimates In September

A long-delayed report released by the Commerce Department on Friday showed consumer prices in the U.S. increased in line with economist estimates in the month of September. The Commerce Department said its personal consumption expenditures (PCE) price index climbed by 0.3 percent in September, matching the growth seen in August along with economist estimates.

RTTNews | 8s 6 dakika önce

EU Fines X 120 Mln Euros For Breaching Transparency Obligations Under DSA

The European Commission on Friday has issued a fine of 120 million euros to Elon Musk's social media platform X for breaching its transparency obligations under the Digital Services Act. The breaches include the deceptive design of its 'blue checkmark', the lack of transparency of its advertising repository, and the failure to provide access to public data for researchers.

RTTNews | 9s 25 dakika önce

Warner Bros. To Be Bought By Netflix In $72 Bln Equity Deal

In a merger of majors, streaming video firm Netflix, Inc. is acquiring media and entertainment giant Warner Bros. Discovery, Inc. for a total enterprise value of approximately $82.7 billion, or an equity value of $72.0 billion. The move follows the planned separation of Warner Bros. Discovery's Global Networks division into a new publicly-traded company. In the pre-market activity, Netflix shares

RTTNews | 10s 51 dakika önce

EU Secures TikTok's Commitments On Ad Transparency As Per DSA

The European Commission announced Friday that it has secured TikTok's commitment to provide advertising repositories that ensure full transparency around ads on its services, as required by the Digital Services Act. The agency launched the probe in February 2024 after it found the China-based ByteDance's video platform's algorithmic system may stimulate behavioral addictions.

RTTNews | 10s 53 dakika önce

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