DAX Extends Losses As Investors Weigh Trump Win
(RTTNews) - German stocks edged lower on Wednesday as Donald Trump's pick of Senator JD Vance as his running mate hardened the Republican party's shift toward trade protectionism.
Trump is promising to escalate the trade war with 60 percent tariffs on goods from China and a 10 percent global tariff.
The benchmark DAX dipped 26 points, or 0.3 percent, to 18,472 after losing 0.4 percent in the previous session.
Allianz dropped half a percent after the insurer agreed to buy a majority stake in Singapore's Income Insurance for about $1.6 billion.
Adidas jumped nearly 4 percent. The sportswear maker raised its full-year guidance after reporting a 11 percent increase in revenue during second quarterly of FY24.
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CAC 40 Falls As Earnings Dampen Mood
French stocks fell sharply on Wednesday, with mixed earnings from U.S. big technology companies and uncertainty around the upcoming U.S. presidential election weighing on markets.
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4h 10min ago
Spain GDP Expands More Than Forecast
The Spanish economy logged a faster-than-expected growth in the third quarter on domestic demand, advance estimates from the statistical office INE showed on Wednesday.
Gross domestic product grew 0.8 percent on a sequential basis, the same rate of growth as seen in the second quarter. Growth was forecast to ease to 0.6 percent.
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4h 23min ago
DAX Edges Lower As Investors Watch Earnings
German stocks were slightly lower on Wednesday as investors awaited a raft of earnings and economic readings this week for directional cues.
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4h 26min ago
Asian Shares Decline On Mixed Tech Earnings, Tariff Worries
Asian stocks ended broadly lower on Wednesday, as earnings from Google parent Alphabet and chipmaker AMD proved to be a mixed bag and the European Union (EU) announced the imposition of additional tariffs on electric vehicles (EVs) imported from China, prompting an angry response from Beijing.
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4h 40min ago
Commodity Currencies Extend Slide Amid Risk Aversion
The Commodity-linked currencies such as Australia, the New Zealand and the Canadian dollars extended its weakness against major currencies in the Asian session on Wednesday amid risk aversion, as traders are cautious and reluctant to take positions ahead of the next week's U.S. presidential election and the U.S. Fed's monetary policy decision. Concern about the tension in the Middle East is also weighing on the markets.
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4h 57min ago
French GDP Growth Doubles In Q3
France's economic growth doubled in the third quarter as the Paris Olympic and Paralympic Games boosted consumption, official data revealed Wednesday. Gross domestic product posted a quarterly growth of 0.4 percent after expanding 0.2 percent in the second quarter, first estimate from the statistical office INSEE showed. This was also better than economists' forecast of 0.3 percent.
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6h 9min ago
Canadian Dollar Drops Against Most Majors
The Canadian dollar weakened against most major currencies in the Asian session on Wednesday.
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6h 23min ago
NZ Dollar Slides Against Most Majors
The New Zealand dollar weakened against most major currencies in the Asian session on Wednesday.
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6h 31min ago
