DAX Dips On Softer PMI Reading
(RTTNews) - German stocks traded lower on Friday, bond yields dipped, and the euro declined after a preliminary survey showed the upturn in German business activity over the past two months slowed in June.
The HCOB German flash composite PMI, compiled by S&P Global, slid to 50.6 from 52.4 in May as manufacturing remained mired in a downturn.
The benchmark DAX dropped 50 points, or 0.3 percent, to 18,200 after rallying 1 percent the previous day.
In corporate news, Befesa S.A. shares fell nearly 2 percent.
The provider of industrial waste recycling services said it has acquired the remaining 50 percent stake in Recytech, the company's steel dust recycling services joint venture with Recylex S.A. in France, for 40 million euros.
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Yen Falls Amid BoJ Rate Hike Uncertainty
The Japanese yen weakened against other major currencies during the European session on Tuesday, as traders remain cautious amid a rare political crisis following a Japanese snap election that raises doubts about the Bank of Japan's capacity to raise interest rates further and the U.S. election.
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5h 3min ago
Boeing Strike Ends As Machinists Accept New Contract
Nearly two months long strike at Boeing Co. has ended after a majority of around 33,000 frontline workers voted to approve a new contract that will deliver 43.65 percent compounded wage increase. Following the deal, Boeing shares were gaining around 1.91 percent in the pre-market activity on the NYSE to trade.
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5h 35min ago
Sensex, Nifty Follow Global Peers Higher; Metal Stocks Shine
Indian shares rose notably on Tuesday despite uncertainty surrounding the U.S. presidential election and continued foreign fund outflows.
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6h 5min ago
Yen Falls Against Majors
The Japanese yen weakened against other against major currencies in the European session on Tuesday.
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6h 13min ago
European Shares Modestly Higher In Cautious Trade
European stocks eked out modest gains in cautious trade on Tuesday as investors reacted to mixed earnings updates and awaited interest-rate decisions from the Bank of England and the Federal Reserve later this week.
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6h 45min ago
FTSE 100 Rises In Cautious Trade
U.K. stocks eked out modest gains in cautious trade on Tuesday as investors eagerly await the U.S. presidential election result as well as interest-rate decisions from the Bank of England and the Federal Reserve later this week.
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7h 5min ago
CAC 40 Marginally Higher In Cautious Trade
French stocks were little changed with a positive bias on Tuesday due to uncertainty surrounding the U.S. presidential election, with polls predicting a tight race.
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7h 17min ago
Indonesia GDP Growth Slows Marginally
Indonesia's economic growth softened in the third quarter on slowing household consumption, official data revealed on Tuesday. Gross domestic product posted an annual growth of 4.95 percent in the third quarter, slightly weaker than the 5.05 percent expansion seen in the preceding period, Statistics Indonesia said. GDP was forecast to grow 5.0 percent.
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7h 23min ago
