DAX Edges Lower In Lackluster Trade
(RTTNews) - German stocks edged lower on Monday as investors assessed the outlook for inflation, interest rates and economic growth.
In economic releases, German producer price inflation eased more-than-expected in October to reach its lowest level in four months, data from Destatis showed.
Producer prices climbed 34.5 percent year-over-year in October, slower than the 45.8 percent surge in September. That was also well below the 41.5 percent rise expected by economists.
On a monthly basis, producer prices decreased 4.2 percent in October, reversing a 2.3 percent rise in September.
The benchmark DAX dipped 51 points, or 0.4 percent, to 14,380 after rising 1.2 percent on Friday.
Commerzbank gained 0.7 percent. The lender said on Saturday that former Bundesbank president Jens Weidmann would replace Helmut Gottschalk next year as head of its supervisory board.
Canadian Dollar Falls Against Most Majors
Canadian Market Modestly Higher; Technology Stocks Among Notable Gainers
Swiss Market Ends Marginally Up
Major European Markets Close On Mixed Note
Positive Start Seen For Canadian Stocks
UK Market Roughly Flat; Mining Stocks Move Higher
CAC 40 Climbs Higher For 3rd Straight Day
