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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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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5h 11min 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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5h 18min ago
DAX Subdued As Investors Await US Election Outcome
German stocks were marginally lower on Tuesday and bond markets remained on edge, as several polls revealed a tight presidential race between Republican candidate Donald Trump and Democratic nominee Kamala Harris.
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5h 20min ago
Asian Shares Rise On China Optimism
Asian stocks ended mostly higher on Tuesday after Chinese Premier Li Qiang expressed confidence that his government can pull off an economic recovery.
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5h 43min ago
Australian Dollar Rises As RBA Holds Interest Rate At 13-Year High
The Australian dollar strengthened against other major currencies in the Asian session on Monday, after Australia central bank maintained its interest rate for the eighth straight session at a 13-year high, as underlying inflation remains too high.
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7h 16min ago
Australia Holds Interest Rate At 13-Year High
Australia central bank maintained its interest rate for the eighth straight session at a 13-year high on Tuesday as underlying inflation remains too high. The policy board of the Reserve Bank of Australia governed by Michele Bullock decided to hold the cash rate target at 4.35 percent. The bank had previously changed its rate in November 2023, when it was lifted by 25 basis points.
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8h 22min ago
Australian Dollar Rises Against Majors
The Australian dollar strengthened against other major currencies in the Asian session on Monday.
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8h 40min ago
European Shares Seen Tad Lower As US Election Gets Underway
European stocks are seen opening broadly lower on Tuesday as the U.S. presidential election gets underway.
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8h 46min ago
