DAX Retreats On Growth, Inflation Concerns

RTTNews | 1001 ngày trước
DAX Retreats On Growth, Inflation Concerns

(RTTNews) - German stocks fell sharply on Thursday amid worries that aggressive rate hikes by the Federal Reserve and other central banks in Europe and Asia will dent economic growth.

Germany's manufacturing sector contracted for a second month in a row in August, a survey showed earlier today, while retail sales rose unexpectedly in July as a result of a COVID-free summer tourism season.

Germany's central bank head said Wednesday that "inflation rates will not come back to their target by themselves" and the European Central Bank should act "decisively" to preserve the credibility of its inflation target.

The benchmark DAX was down 183 points, or 1.4 percent, at 12,651 after declining 1 percent in the previous session.

Flag carrier Deutsche Lufthansa fell nearly 3 percent after a pilots' trade union decided on a day-long strike for Friday, September 2, following a warning strike by ground staff in July,

Tech stocks were losing ground, with Infineon down 2.5 percent.

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South Korea Stock Market Tipped To Open In The Green

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RTTNews | 11 phút trước
New Zealand Building Consents Slump 15.6% In April

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Japan Data On Tap For Friday

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RTTNews | 1h 11phút trước
U.S. Dollar Falls After Tariff Ruling

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RTTNews | 4h 17phút trước
U.S. Economic Shrinks Slightly Less Than Previously Estimated In Q1

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U.S. Weekly Jobless Claims Climb More Than Expected To 240,000

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RTTNews | 9h 2phút trước
Hormel Foods Recalls 256K Pounds Of Canned Beef Stew Product

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UK Vehicle Manufacturing Logs Weakest Start To Year Since 2009: SMMT

UK Vehicle Manufacturing Logs Weakest Start To Year Since 2009: SMMT

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