DAX Retreats On Growth, Inflation Concerns

RTTNews | 999天前
DAX Retreats On Growth, Inflation Concerns

(RTTNews) - German stocks fell sharply on Thursday amid worries that aggressive rate hikes by the Federal Reserve and other central banks in Europe and Asia will dent economic growth.

Germany's manufacturing sector contracted for a second month in a row in August, a survey showed earlier today, while retail sales rose unexpectedly in July as a result of a COVID-free summer tourism season.

Germany's central bank head said Wednesday that "inflation rates will not come back to their target by themselves" and the European Central Bank should act "decisively" to preserve the credibility of its inflation target.

The benchmark DAX was down 183 points, or 1.4 percent, at 12,651 after declining 1 percent in the previous session.

Flag carrier Deutsche Lufthansa fell nearly 3 percent after a pilots' trade union decided on a day-long strike for Friday, September 2, following a warning strike by ground staff in July,

Tech stocks were losing ground, with Infineon down 2.5 percent.

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Taiwan Shares Due For Support On Wednesday

Taiwan Shares Due For Support On Wednesday

The Taiwan stock market has finished lower in four straight sessions, dropping more than 460 points or 2.2 percent in that span. The Taiwan Stock Exchange now sits just above the 21,330-point plateau, although it's likely to see bargain hunting on Wednesday.
RTTNews | 28分钟前
Singapore Bourse May Reclaim 3,900-Point Level

Singapore Bourse May Reclaim 3,900-Point Level

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RTTNews | 58分钟前
Malaysia Stock Market Tipped To Open In The Green

Malaysia Stock Market Tipped To Open In The Green

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RTTNews | 1小时28分钟前
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Win Streak May Continue For Japan Stock Market

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RTTNews | 1小时43分钟前
KOSPI Expected To Erase Tuesday's Losses

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RTTNews | 1小时58分钟前
New Zealand Rate Decision On Tap For Wednesday

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RTTNews | 2小时58分钟前
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RTTNews | 6小时36分钟前
European Stocks Close Broadly Higher On Strong Data, Easing Trade Tensions

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European stocks closed on a positive note on Tuesday, continuing to benefit from U.S. President Donald Trump's decision to amid slightly easing concerns about a potential trade war following U.S. President Donald Trump's decision decision to wait till July 9th to implement the 50% tariffs he had threatened to impose on imports from the European Union.
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