DAX Little Changed In Lackluster Trade; Banks Gain

RTTNews | 774天前
DAX Little Changed In Lackluster Trade; Banks Gain

(RTTNews) - German stocks were little changed on Monday after China's GDP data for the second quarter came in below estimates, raising concerns about recovery in the world's second-largest economy.

The benchmark DAX was down 13 points at 16,091 after declining 0.2 percent on Friday. Eurozone bond yields treaded water while the dollar index stabilized after having fallen over 2 percent last week to touch its weakest level since April.

Banks traded higher, with Commerzbank and Deutsche Bank rising around 1 percent each. Medical and safety technology provider Draegerwerk AG & Co. KGaA edged up slightly.

The company reported that its preliminary net sales for the second quarter of 2023 increased 18.1 percent year-over-year to about 771 million euros, while it was up 21.1 percent at net of currency effects.

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Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
RTTNews | 50分钟前
U.S. Consumer Prices Increase In Line With Estimates In July

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
RTTNews | 1小时33分钟前
German Unemployment Exceeds 3 Mln

German Unemployment Exceeds 3 Mln

Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1
RTTNews | 2小时3分钟前
Pound Slides Against Majors

Pound Slides Against Majors

The British pound weakened against other major currencies in the European session on Friday, weighed down to a large extent by the weakness in the financial sector, amid reports of likely imposition of windfall tax on banks.
RTTNews | 3小时17分钟前