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DAX Edges Lower On Growth Worries
(RTTNews) - German stocks declined on Friday after data showed manufacturing activity in the country remained firmly in contraction territory in April.
According to the preliminary business activity report from S&P Global/BME research, the manufacturing PMI dropped to 44.0 this month vs. 44.7 prior.
On the other hand, the services PMI jumped from 53.7 to 55.7 in April.
The benchmark DAX was down 38 points, or 0.2 percent, at 15,758 after losing 0.6 percent in the previous session.
Mercedes-Benz Group rose 1.4 percent after posting strong preliminary results for the first quarter of 2023.
SAP edged up slightly despite lowering its outlook due to the divestment of its Qualtrics unit.
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Swiss Market Ends Moderately Lower
After a weak start and a subsequent long spell in negative territory, the Switzerland market briefly moved slightly above the flat line in late afternoon trades on Monday, but quickly tumbled again to eventually settle on a weak note.
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1小时50分钟前
European Markets Close Weak After Cautious Session
European stocks closed on a weak note on Monday after a cautious session as investors awaited key inflation data from major economies in the region, and looked for more details about U.S. - EU trade deal.
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2小时10分钟前
Canadian Market Down More Than 0.5% On Profit Taking
After opening slightly down, the Canadian market slipped deeper into the red on Monday, weighed down by losses in healthcare, consumer staples, utilities and materials sectors.
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U.S. New Home Sales Pull Back From Upwardly Revised Level In July
New home sales in the U.S. decreased from an upwardly revised level in the month of July, according to a report released by the Commerce Department on Monday. The Commerce Department said new home sales fell by 0.6 percent to an annual rate of 652,000 in July after surging by 4.1 percent to an upwardly revised rate of 656,000 in June.
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4小时34分钟前
Bay Street May Open On Weak Note
Canadian shares may open on a weak note Monday morning, tracking lower metal prices and European stocks. However, energy stocks may find support on higher oil prices, and help limit market's downside.
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7小时16分钟前
Dollar Extends Losses Amidst Powell's Dovish Surprise
A markedly dovish tone in Fed Chair Jerome Powell's speech at the Jackson Hole symposium on Friday weakened the Dollar, resulting in further losses for the currency during the week ended August 22.
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8小时1分钟前
German Ifo Business Confidence Strongest Since 2024
German business sentiment hit the highest level in more than two years in August on expectations that the fiscal stimulus would help to kickstart the economic recovery. The business climate index rose to 89.0 in August from 88.6 in the previous month. This was the highest score since April 2024 and also came in above economists' forecast of 88.6. The German economy's recovery remains weak.
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8小时3分钟前
CAC 40 Down Nearly 0.6% In Cautious Trade
French stocks remain in negative territory on Monday, with investors mostly making cautious moves, looking for some more clarity on U.S. - EU trade deal, and awaiting crucial inflation data from the region.
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