DAX Tumbles As Consumer Confidence Slumps

RTTNews | hace 943
Stocktwits
DAX Tumbles As Consumer Confidence Slumps

(RTTNews) - German stocks tumbled on Wednesday, with renewed energy concerns and weak consumer confidence data weighing on sentiment.

Germany's consumer sentiment is set to fall again to a fresh record low in October as high inflation amid rising energy prices hit income expectations, and in turn, consumer spending, survey results from the market research group GfK showed.

The consumer confidence index plunged to -42.5 in October from revised -36.8 in the previous month. The score was also weaker than the economists' forecast of -39.0.

The benchmark DAX fell 193 points, or 1.6 percent, to 11,946 after declining 0.7 percent in the previous session.

Lender Commerzbank AG slumped 5 percent after a warning that its third-quarter operating result would be impacted because of additional provisions at Polish subsidiary mBank.

Conglomerate Thyssenkrupp plunged 12 percent after JPMorgan reinstated its coverage of the stock with an "underweight" rating.

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European Shares Seen Opening Up In Cautious Trade

European Shares Seen Opening Up In Cautious Trade

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RTTNews | hace 1h 28min
Sensex, Nifty Follow Global Peers Higher

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RTTNews | hace 2h 45min
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Asian Markets Track Wall Street Higher

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RTTNews | hace 3h 59min
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Thai Stock Market May See Additional Support On Monday

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RTTNews | hace 5h 4min
Japanese Market Significantly Higher

Japanese Market Significantly Higher

The Japanese stock market is trading significantly higher on Monday, extending the gains in the previous three sessions, following the broadly positive cues from Wall Street on Friday, with the Nikkei 225 moving above the 35,900 level, with gains across most sectors led by automakers and financial stocks. Technology stocks are the only weak spot amid profit booking.
RTTNews | hace 5h 27min
Indonesia Bourse Tipped To Open In The Green

Indonesia Bourse Tipped To Open In The Green

The Indonesia stock market rebounded again on Friday, one day after halting the four-day winning streak in which it had climbed almost 240 points or 3.7 percent. The Jakarta Composite Index now rests just beneath the 6,680-point plateau and it's expected to open higher again on Monday.
RTTNews | hace 5h 34min
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