DAX Slips On Inflation Worries

RTTNews | 692 ngày trước
DAX Slips On Inflation Worries

(RTTNews) - German stocks drifted lower on Wednesday as investors braced for key U.S. inflation data, due later in the day that could provide clues on whether policymakers will keep rates higher for longer. Rising crude prices also fuelled inflation worries. International crude prices traded around 10-month highs today on concerns over Libya output and OPEC cuts. The benchmark DAX was down 94 points, or 0.6 percent, at 15,621 after losing half a percent in the previous session. Automakers were broadly higher, with BMW and Volkswagen both rising about half a percent, after the EU announced an investigation into Chinese subsidies for electric vehicles. European Commission President Ursula von der Leyen said Europe was "open to competition but not for a race to the bottom."

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New Zealand Unemployment Data Due On Wednesday

New Zealand Unemployment Data Due On Wednesday

New Zealand will on Wednesday release Q2 figures for unemployment, highlighting a modest day for Asia-Pacific economic activity. The jobless rate is expected to tick up to 5.3 percent from 5.1 percent following a 0.1 percent loss in employment.
RTTNews | 12 phút trước
Swiss Market Ends Modestly Higher

Swiss Market Ends Modestly Higher

The Switzerland market closed modestly higher on Tuesday after staying positive right through the day's trading session, with investors mostly reacting to the latest quarterly performance of big name companies.
RTTNews | 4h 45phút trước
European Stocks Close Broadly Higher

European Stocks Close Broadly Higher

European markets closed mostly higher on Tuesday, although gains in most of the markets were just marginal or modest, as investors stayed somewhat cautious, reacting to a mixed batch of economic data, and assessing the impact of steep U.S. tariffs on the global economy.
RTTNews | 5h 5phút trước
U.S. Service Sector Growth Unexpectedly Slows In July

U.S. Service Sector Growth Unexpectedly Slows In July

A report released by the Institute for Supply Management on Tuesday unexpectedly showed a modest slowdown in the pace of growth by U.S. service sector activity in the month of July. The ISM said its services PMI edged down to 50.1 in July from 50.8 in June. While a reading above 50 still indicates growth, economists had expected the index to rise to 51.5.
RTTNews | 7h 43phút trước
U.S. Trade Deficit Narrows To $60.2 Billion In June As Imports Plunge

U.S. Trade Deficit Narrows To $60.2 Billion In June As Imports Plunge

The U.S. trade deficit narrowed by slightly more than anticipated in the month of June, according to a report released by the Commerce Department on Tuesday. The Commerce Department said the trade deficit shrank to $60.2 billion in June from a revised $71.7 billion in May.
RTTNews | 8h 29phút trước