DAX Slumps On Concerns Over US Economy

RTTNews | 658 gün önce
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.

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CAC 40 Moderately Lower In Cautious Trade

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DAX Drifts Lower On Geopolitical Concerns

German stocks are down in negative territory on Wednesday as investors make cautious moves, awaiting fresh news on the trade front. The impasse in Ukraine peace talks and data showing a bigger than expected increase in UK inflation weigh on sentiment.
RTTNews | 1s 4 dakika önce
Asian Shares Rise In Cautious Trade; Nikkei Drops On Yen Strength

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RTTNews | 2s 17 dakika önce
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RTTNews | 3s 24 dakika önce
Japan Exports Growth Softens On Higher Trade Tariffs

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Japan's exports grew at a slower pace in April largely due to the higher tariffs imposed by the US administration, official data revealed Wednesday. Exports climbed 2.0 percent on a yearly basis in April, slower than the 4.0 percent increase in March, the Ministry of Finance reported. Exports have been rising since last September and the latest growth matched economists' expectations.
RTTNews | 4s 37 dakika önce
European Shares May Struggle At Open

European Shares May Struggle At Open

European stocks are seen opening little changed on Wednesday, with U.S. fiscal concerns, geopolitical tensions and the Fed outlook likely to be in focus.
RTTNews | 5s 31 dakika önce