DAX Extends Losses On Growth Worries
(RTTNews) - German stocks fell on Friday to extend losses from the previous session as investors fretted over slowing growth and hawkish central banks.
A survey showed earlier today that the downturn in German business activity deepened in September as a result of higher energy costs.
S&P Global's flash composite Purchasing Managers' Index (PMI), which tracks both the manufacturing and services sectors, dropped to 45.9 in September from a final reading of 46.9 in August.
The benchmark DAX was down 75 points, or 0.6 percent, at 12,456 after losing 1.8 percent the previous day.
Banks led losses, with Commerzbank and Deutsche Bank falling 1-2 percent after reports that Swiss bank Credit Suisse is sounding out investors for fresh cash.
read more
U.S. New Home Sales Surge Much More Than Expected In December
New home sales in the U.S. surged by much more than expected in the month of December, according to a report released by the Commerce Department on Monday.
RTTNews
|
5h 55min atrás
Canadian Market Likely To Open With Negative Gap
Lower Canadian and U.S. futures amid concerns about tech earnings following the emergence of China's startup DeepSeek's AI model, and worries about U.S. President Donald Trump's policies and tariff threats point to a gap down opening for stocks on Bay Street on Monday.
RTTNews
|
9h 37min atrás
Dollar Drops Amidst Softer Tariff Tone, Rate Cut Calls
The U.S. Dollar tumbled against major currencies during the week ended January 24 amidst a perceived softening in the U.S. administration's tone on trade tariffs and President Trump's call to global central banks to lower interest rates. Weak economic data updates from the U.S. also aided the Dollar's decline.
RTTNews
|
10h 38min atrás
FTSE Modestly Lower; Miners Lose Ground
U.K. stocks are slightly down Monday morning, due largely to weakness in the mining sector after data showed a contraction in the manufacturing sector in the world's second largest economy.
RTTNews
|
10h 55min atrás
CAC 40 Slips As DeepSeek Triggers Tech Sell-off
French stocks are down in negative territory Monday morning, snapping a long 9-day winning streak, amid a sell-off in technology stocks due to concerns about the impact of Chinese startup DeepSeek's powerful and cost-efficient AI model on the sector.
RTTNews
|
11h 20min atrás
German Business Confidence Improves In January
German business confidence improved slightly in January on more positive assessment about the current situation but the overall low level continues to signal that the economy remains on weak footing. The ifo business climate index rose more-than-expected to 85.1 in January from 84.7 in the previous month, survey results from the ifo Institute showed on Monday. The reading was seen at 84.9.
RTTNews
|
11h 26min atrás
Sensex, Nifty Tumble As Tariff Worries Return To Haunt
Indian shares fell sharply on Monday, pressured by concerns over weak corporate earnings, uncertainty surrounding U.S. trade and tariff policies, and persistent foreign fund outflows.
RTTNews
|
11h 29min atrás
DAX 30 Tumbles 1% As Tech Stocks Fall
German stocks are notably lower Monday morning, hurt by sharp losses in the technology sector on earnings concerns following China's low-cost startup DeepSeek's emergence as a powerful AI model.
RTTNews
|
11h 48min atrás
