DAX Slips On Rate Hike Worries

RTTNews | 770 gün önce
DAX Slips On Rate Hike Worries

(RTTNews) - German stocks traded lower on Friday amid fears that central banks may not be done with interest-rate hikes.

The dollar edged lower but was off its 15-month lows after overnight data showed the number of Americans filing new claims for unemployment benefits unexpectedly fell last week, touching the lowest level in two months.

The benchmark DAX was down 78 points, or half a percent, at 16,126 after gaining 0.6 percent in the previous session.

SAP tumbled nearly 5 percent, a day after the business software maker posted cloud revenue growth below analysts' expectations.

Life-sciences group Sartorius AG shed 0.6 percent after posting lower H1 attributable profit.

Delivery Hero SE, an online delivery platform, was down about 1 percent after it announced the acquisition of a 37 percent stake in HungerStation Holding Limited for $297 million.

read more
Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
RTTNews | 3s 8 dakika önce
U.S. Consumer Prices Increase In Line With Estimates In July

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

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
RTTNews | 3s 51 dakika önce
German Unemployment Exceeds 3 Mln

German Unemployment Exceeds 3 Mln

Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1
RTTNews | 4s 21 dakika önce
Pound Slides Against Majors

Pound Slides Against Majors

The British pound weakened against other major currencies in the European session on Friday, weighed down to a large extent by the weakness in the financial sector, amid reports of likely imposition of windfall tax on banks.
RTTNews | 5s 34 dakika önce