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DAX Tumbles As Bank Worries Persist

RTTNews | 710 दिनों पहले

DAX Tumbles As Bank Worries Persist

(RTTNews) - German stocks fell sharply on Monday, with banks declining again after Switzerland's largest banking institution - UBS Group - entered into a merger deal with its troubled rival - Credit Suisse.

The benchmark DAX was down 210 points, or 1.4 percent, at 14,558 after losing 1.3 percent on Friday.

Commerzbank shares fell 6.3 percent and Deutsche Bank lost 8 percent.

Investors ignored preliminary data showing that Germany's producer price inflation eased for the fifth straight month in February to reach its lowest level in nearly one-and-a-half years amid a continued slowdown in energy prices.

The producer price index climbed 15.8 percent year-over-year in February, which was slower than the 17.6 percent rise in January, Destatis reported. Economists had forecast the price growth to ease to 14.5 percent.

Further, the latest inflation rate was the weakest since September 2021, when prices had risen 14.2 percent.

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U.S. Jobless Claims Climb More Than Expected To Two-Month High

U.S. Jobless Claims Climb More Than Expected To Two-Month High

The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits climbed much more than expected in the week ended February 22nd. The report said initial jobless claims rose to 242,000, an increase of 22,000 from the previous week's revised level of 220,000. Economists had expected initial jobless claims to inch up to 221,000.

RTTNews | 5घंटे 21 मिनट पहले

U.S. Q4 GDP Growth Unrevised At 2.3%

U.S. Q4 GDP Growth Unrevised At 2.3%

A report released by the Commerce Department on Thursday showed the U.S. economy grew in line with its preliminary estimate in the fourth quarter of 2024.

RTTNews | 6घंटे 33 मिनट पहले

U.S. Durable Goods Orders Rebound More Than Expected In January

U.S. Durable Goods Orders Rebound More Than Expected In January

Reflecting a substantial rebound by orders for transportation equipment, the Commerce Department released a report on Thursday showing new orders for U.S. manufactured durable goods surged by more than expected in the month of January.

RTTNews | 6घंटे 37 मिनट पहले

U.S. Weekly Jobless Claims Climb Much More Than Expected

U.S. Weekly Jobless Claims Climb Much More Than Expected

The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits climbed much more than expected in the week ended February 22nd.

RTTNews | 6घंटे 40 मिनट पहले

Eurozone Lending To Private Sector Strengthens

Eurozone Lending To Private Sector Strengthens

Eurozone lending to the private sector increased at a faster pace in January as interest rate cuts boosted demand for loans from businesses and households, data from the European Central Bank revealed Thursday. Claims on the private sector expanded 2.0 percent from a year ago, faster than the 1.7 percent rise in December.

RTTNews | 7घंटे 8 मिनट पहले

Bay Street Seen Opening Higher

Bay Street Seen Opening Higher

Canadian shares may open higher on Thursday, on strong results from Royal Bank of Canada and higher crude oil prices. Weak bullion prices, and worries about U.S. tariffs may hurt sentiment and limit market's upside.

RTTNews | 7घंटे 14 मिनट पहले

Pound Rises As Traders Await Trump-Starmer Meet

Pound Rises As Traders Await Trump-Starmer Meet

The British pound strengthened against other major currencies in the European session on Thursday, as the U.S. President Donald Trump and British Prime Minister Keir Starmer are expected to meet and then have a joint press conference.

RTTNews | 8घंटे 38 मिनट पहले

Pound Rises Against Majors

Pound Rises Against Majors

The British pound strengthened against other major currencies in the European session on Thursday.

RTTNews | 9घंटे 12 मिनट पहले

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उच्च जोखिम चेतावनी: फॉरन एक्सचेंज ट्रेडिंग में उच्च स्तर का खतरा होता है जो हर निवेशकों के लिए सही नहीं हो सकता. लीवरेज अधिकतम खातर और हानि के अनावरण को उत्पन्न करता है. इससे पहले कि आप निर्णय लें फॉरन एक्सचेंज में ट्रेड करने का, ध्यान अपने निवेश के उद्देश्यों, अनुभव स्तर, और खतरा उठाने की सहिष्णुता पर विचार करें. आप कुछ या अपनी प्रारंभिक निवेश को खो सकते हैं. बिल्कुल भी उस पैसे को निवेश ना करें जो आप खोने को बर्दाश्त नहीं कर सकते. अपने आप को शिक्षित करें उन खतरों से जो फॉरन एक्सचेंज ट्रेडिंग से संबंधित हैं, और सलाह लें किसी स्वतंत्र आर्थिक या कर सलाहकार से अगर आपके पास कोई भी प्रश्न हैं तो. कोई भी डाटा या जानकारों जो दी जाती है वे केवल सूचनात्मक उद्देश्यों के लिए है, और यब ट्रेडिंग आशय या सलाह पर नियत नहीं है. पिछले निष्पादन भविष्य के परिणामों के लिए परियाचक नहीं हैं.