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DAX Declines On China Growth Concerns
(RTTNews) - German stocks traded lower on Wednesday after a private survey showed China's services activity expanded at the slowest pace in five months in June, adding to worries about a faltering post-pandemic recovery in the world's second-largest economy.
Investors also sought direction from the release of minutes from the Federal Reserve's June meeting later in the day and Friday's U.S. nonfarm payrolls report.
The benchmark DAX was down 78 points, or half a percent, at 15,961 after declining 0.3 percent the previous day.
Evotec SE, a drug company, jumped nearly 3 percent. The company announced that its unit Just - Evotec Biologics, Inc. has secured a second contract from the US department of defense for $74 million.
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Japan Core Machinery Order Data Due On Thursday
apan will on Thursday release March figures for core machinery orders, highlighting a busy day for Asia-Pacific economic activity. Orders are expected to slip 1.5 percent on month and 2.5 percent on year after rising 4.3 percent on month and 1.5 percent on year in February.
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40分钟前
Pound Advances After U.K. Inflation Data
The pound was higher against its major counterparts in the New York session on Wednesday, after data showing an acceleration in consumer price inflation in the month of April.
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3小时46分钟前
Canadian Market Turns Weak, Set To Snap 10-session Winning Streak
After ten straight days of gains, the Canadian market is down in negative territory Wednesday afternoon, weighed down by losses in healthcare, technology, real estate and consumer discretionary sectors.
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4小时45分钟前
Swiss Markets Ends Modestly Lower
The Switzerland market ended lower on Wednesday after languishing in negative territory right through the day's trading session, as concerns about trade and geopolitical uncertainty rendered the mood cautious, prompting investors to refrain from making significant moves.
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5小时26分钟前
European Stocks Close On Mixed Note Amid Geopolitical, Trade Uncertainty
European stocks turned in a mixed performance on Wednesday after a cautious session as investors awaited clarity on the trade front. The impasse in Ukraine peace talks and data showing a bigger than expected increase in UK inflation weighed on sentiment.
A downward revision in U.S. federal deficit weighed as well.
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6小时4分钟前
Bay Street Seen Opening On Mixed Note
Canadian shares are likely to open on a mixed note Wednesday morning. Weak European stocks, concerns about U.S. debt, impasse over peace talks and a lack of progress in trade negotiations may weigh on sentiment.
Firm bullion and crude oil prices could trigger buying in resources sectors and limit market's downside.
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10小时44分钟前
UK Inflation Strongest Since Early 2024 On Household Bills, Employer Tax
UK consumer price inflation accelerated sharply to the highest level in more than a year in April due to higher domestic bills and the hike in employers' taxes, official data revealed on Wednesday. The consumer price index rose by a bigger-than-expected 3.5 percent year-on-year in April, which was faster than the 2.6 percent increase in March, the Office for National Statistics reported.
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11小时34分钟前
FTSE 100 Down Marginally As Investors Focus On Inflation Data, Earnings
U.K. stocks are marginally down on Wednesday amid concerns over an impasse in Russia-Ukraine peace talks, a lack of progress in trade negotiations, and data showing an acceleration in British consumer price inflation in the month of April.
Investors are also reacting to some corporate earnings announcements.
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11小时41分钟前
