DAX Down Nearly 0.5% In Cautious Trade Amid Trade Tensions

RTTNews | 9 gün önce
DAX Down Nearly 0.5% In Cautious Trade Amid Trade Tensions

(RTTNews) - German stocks are down in negative territory on Monday, weighed down by concerns about trade tensions following China and the U.S. accusing each other of violating their trade agreements.

Investor sentiment is also hurt due to U.S. President Donald Trump's threat that he would increase tariffs on steel and aluminum to 50%.

The benchmark DAX was down 110.88 points or 0.46% at 23,896.43 a little while ago.

Sartorius, down 3.4%, is the biggest loser in the DAX index. Daimler Truck Holding is down nearly 2%, while Infineon Technologies and Porsche are down 2.1% each.

Mercedes-Benz, Continental, Adidas, Siemens Healthineers and BMW are lower by 1.6 to 2%. Porsche Automobil Holding, Volkswagen, Beiersdorf, Brenntag, BASF and Merck are also notably lower.

Heidelberg Materials is up nearly 2%. Bayer is gaining 1.15%, while Rheinmetall, Siemens Energy and Zalando are advancing nearly 1%. MTU Aero Engines and Siemens are up with moderate gains.

On the economic front, the HCOB Germany Manufacturing PMI was revised down to 48.3 in May 2025, from a preliminary estimate of 48.8 and April's 48.4, according to a report from S&P Global. This marked the 35th consecutive month of contraction in the manufacturing sector, although output continued to grow modestly.

Meanwhile, the downturn in euro zone manufacturing eased further in May, with the corresponding PMI rising to 49.40 from 49 points in April.

read more
Asian Shares Climb On Trade Talk Optimism

Asian Shares Climb On Trade Talk Optimism

Asian stocks advanced on Wednesday after top U.S. and Chinese officials said they have reached a framework to implement the Geneva consensus, following two days of discussions in London.
RTTNews | 52 dakika önce
Commodity Currencies Slide Amid Crude Oil Price Drop

Commodity Currencies Slide Amid Crude Oil Price Drop

The commodity currencies such as the Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Wednesday amid crude oil price drop, as markets awaited the outcome of US-China trade talks, which have yet to be approved by President Donald Trump, with China's poor oil demand and OPEC+ output increases weighing on the market.
RTTNews | 1s 19 dakika önce
European Shares Seen Tad Lower At Open

European Shares Seen Tad Lower At Open

European stocks may drift lower on Wednesday as market participants assess the outcome of U.S.-China trade negotiations.
RTTNews | 3s 50 dakika önce
Sensex, Nifty Marginally Higher In Lackluster Trade

Sensex, Nifty Marginally Higher In Lackluster Trade

Indian shares were marginally higher on Wednesday after top U.S. and Chinese officials agreed on a "framework" to move forward on trade, following two days of high-level talks in London.
RTTNews | 5s 1 dakika önce
Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

The Australian market is trimming its early gains in mid-market moves on Wednesday, but extending the gains in the previous session, with the benchmark S&P/ASX 200 moving above the 8,600 level to fresh all-time highs, following the positive cues from Wall Street overnight, with gains in iron ore miners, energy and financial stocks partially offset by weakness in gold miners and technology stocks.
RTTNews | 6s 2 dakika önce
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues from Wall Street overnight, amid easing trade war tensions after top U.S. and Chinese officials agreed upon a "framework" to move forward on trade, following two days of high-level talks in London. The framework will first need to be approved by leaders in Washington and Beijing.
RTTNews | 6s 26 dakika önce
Sensex, Nifty Set For Muted Start

Sensex, Nifty Set For Muted Start

Indian shares are seen opening little changed on Wednesday despite top U.S. and Chinese officials agreeing on a "framework" to move forward on trade, following two days of high-level talks in London.
RTTNews | 6s 55 dakika önce