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DAX Slips Into Red On Recession Woes

RTTNews | 954 ngày trước

DAX Slips Into Red On Recession Woes

(RTTNews) - German stocks fell sharply on Wednesday as the latest data showed a narrowing in the country's surplus and a weakening services sector.

The trade surplus shrank to 1.2 billion euros in August in a possible sign of a slowdown in external demand for goods.

Services sector activity fell slightly more than initially expected in September, adding to signs that Europe's biggest economy is heading for a recession.

The benchmark DAX dropped 129 points, or a little over 1 percent, to 12,541 after climbing 3.8 percent in the previous session.

Nordex SE shares were 2 percent higher. Exilion Tuuli Ky, Finland's largest wind power producer, has selected Nordex to supply and install 17 N163/5.X turbines for the Isokangas and Palokangas wind farms. The orders include a Premium Service for the turbines covering a period of 30 years.

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Eurozone Trade Surplus Surges On Exports To US

Eurozone Trade Surplus Surges On Exports To US

The euro area trade surplus grew strongly in March as exports to the U.S increased sharply ahead of the expected increase in trade tariffs. The trade balance showed a surplus of EUR 36.8 billion compared to a EUR 22.8 billion surplus in the same period last year, Eurostat reported Friday.

RTTNews | 39 phút trước

Richemont Shares Gain On Higher FY25 Results, Dividend Hike

Richemont Shares Gain On Higher FY25 Results, Dividend Hike

Shares of Richemont SA were gaining around 6 percent in the Swiss trading after the Cartier owner reported higher net profit and sales in its fiscal 2025 on strong Jewellery performance. Meanwhile, earnings from continuing operations was lower than last year amid weak China results. Further, the luxury goods firm declared higher dividend.

RTTNews | 45 phút trước

U.S. Import, Export Prices Unexpectedly Inch Up 0.1% In April

U.S. Import, Export Prices Unexpectedly Inch Up 0.1% In April

The Labor Department released a report on Friday unexpectedly showing modest increases by U.S. import and export prices in the month of April.

RTTNews | 1h 25phút trước

EU Seeks Public Feedback On Microsoft's Proposed Changes To Teams In Antitrust Probe

EU Seeks Public Feedback On Microsoft's Proposed Changes To Teams In Antitrust Probe

The European Commission has invited public response regarding Microsoft Corp.'s offers to address competition concerns related to Teams. In a statement, the EU agency noted that the tech major has offered commitments, among others, to sell its Office product without communication and collaboration product Teams at a lower price than Office with Teams.

RTTNews | 1h 28phút trước

Bay Street Likely To Extend Gains

Bay Street Likely To Extend Gains

Canadian shares are likely to extend recent gains as the mood is likely to remain positive Friday morning amid easing tensions about tariffs.

RTTNews | 1h 30phút trước

U.S. Housing Starts Rebound In April But Building Permits Pull Back Sharply

U.S. Housing Starts Rebound In April But Building Permits Pull Back Sharply

While the Commerce Department released a report on Friday showing a rebound by new residential construction in the U.S. in the month of April, the report also showed a substantial pullback by building permits during the month.

RTTNews | 1h 32phút trước

FTSE 100 Advances Again

FTSE 100 Advances Again

U.K. stocks are moving higher on Friday as investors continue to cheer the recent tariff agreement between U.S. and China, and news about a positive progress in talks between the EU bloc and U.S. for lowering the tariffs from earlier proposed levels.

RTTNews | 3h 30phút trước

Sensex, Nifty End Modestly Lower In Cautious Trade

Sensex, Nifty End Modestly Lower In Cautious Trade

Indian shares ended modestly lower on Friday but logged strong gains for the week, fueled by easing trade and geopolitical tensions.

RTTNews | 3h 52phút trước

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