DAX Extends Losses As Growth Worries Mount

RTTNews | 127 days ago
DAX Extends Losses As Growth Worries Mount

(RTTNews) - German stocks fell on Wednesday to extend losses from the previous session as investors fretted about weakening U.S. and Chinese growth.

Economic activity in the U.S. manufacturing sector contracted in August for the fifth consecutive month and the 21st time in the last 22 months, raising concerns the world's largest economy is headed for recession.

Elsewhere, a private survey revealed that growth in China's services sector activity slowed in August despite the summer travel peak.

The benchmark DAX was down 122 points, or 0.7 percent, at 18,624 after losing 1 percent the previous day.

In corporate news, Commerzbank AG shares fell 1.7 percent. According to a Bloomberg report, the German government plans to sell a stake of 3 percent to 5 percent in the lender.

read more
Sensex, Nifty Open Lower On Weak Global Cues

Sensex, Nifty Open Lower On Weak Global Cues

Indian shares were subdued on Thursday, tracking weak cues from global markets as Chinese inflation data disappointed and reports suggested that U.S. President-elect Donald Trump was mulling a national economic emergency declaration to provide legal justification for a series of universal tariffs on allies and adversaries.
RTTNews | 6h 28min ago
Asian Markets Mostly Lower

Asian Markets Mostly Lower

Asian stock markets are trading mostly lower on Thursday, following the mixed cues from Wall Street overnight, amid uncertainty about the outlook for interest rates following mixed U.S. jobs data. The minutes of the US Fed's latest monetary policy meeting also did not provide much insight into interest rates other than to suggest officials plan to take a "careful approach" to future decisions.
RTTNews | 7h 41min ago
Australian Market Slightly Trims Early Losses In Mid-market

Australian Market Slightly Trims Early Losses In Mid-market

The Australian market slightly trimmed the early losses and is trading notably lower in mid-market moves on Thursday. The benchmark S&P/ASX 200 is falling to near the 8,300 level, with weakness across most sectors led by technology and financial stocks. Gold miners remain the only bright spot.
RTTNews | 8h 20min ago
Sensex, Nifty Likely To Open On Cautious Note

Sensex, Nifty Likely To Open On Cautious Note

Indian shares are seen opening on a cautious note Thursday as investors await cues from the upcoming Q3 earnings season and prepare for the highly anticipated U.S. jobs report due on Friday that could shed more light on the Federal Reserve's policy outlook.
RTTNews | 8h 32min ago
Thai Shares May Tick Higher On Thursday

Thai Shares May Tick Higher On Thursday

The Thai stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day slide in which it had slumped more than 20 points or 1.5 percent. The Stock Exchange of Thailand now sits just beneath the 1,390-point plateau and they're expected to open slightly to the upside on Thursday.
RTTNews | 9h 3min ago
Japanese Market Significantly Lower

Japanese Market Significantly Lower

Extending the losses in the previous sessions, the Japanese market is significantly lower on Thursday, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling well below the 39,700 level, with weakness across most sectors led by index heavyweights, exporters and technology stocks.
RTTNews | 9h 14min ago