DAX Holds Steady Amid Earnings Deluge

RTTNews | 683 days ago
Stocktwits
DAX Holds Steady Amid Earnings Deluge

(RTTNews) - German stocks were flat to slightly higher on Thursday as investors reacted to a slew of earnings results and looked forward to the release of U.S. GDP data later in the day for directional cues.

The benchmark DAX was marginally higher at 15,810 after losing half a percent in the previous session.

Automakers BMW, Mercedes Benz and Volkswagen were up around 1 percent each.

Deutsche Bank jumped 1.9 percent after profit hit its highest in a decade in the first quarter. Peer Commerzbank rose 1.5 percent.

Engine builder DEUTZ rallied 2.8 percent after sounding more confident about full-year results.

HelloFresh soared 6.3 percent after the meal-kit maker reported a smaller-than-expected decline in first-quarter core earnings.

Online takeaway food company Delivery Hero slumped 4.4 percent after its quarterly sales missed estimates.

BASF tumbled 3.6 percent after the chemicals giant maintained its profit forecast for 2023 and warned of great uncertainty in the global economy.

Stocktwits
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Swiss Market Ends Modestly Lower

Swiss Market Ends Modestly Lower

Save for a few minutes at the start, the Switzerland market languished in negative territory on Monday amid worries about the outlook for global economic growth after recent weak data from China and the U.S. rendered the mood cautious. Weak Swiss consumer confidence data, and the potential impact of tariffs from the Trump Administration weighed as well.
RTTNews | 4h 2min ago
European Markets Close Weak On Growth Worries

European Markets Close Weak On Growth Worries

European stocks closed on a weak note on Monday as rising economic uncertainty and tariff concerns rendered the mood bearish. Recent weak U.S. and Chinese economic data hurt as well.
RTTNews | 4h 19min ago
Dollar Tumbles As Trade War Ignites Growth Fears

Dollar Tumbles As Trade War Ignites Growth Fears

The U.S. dollar tumbled against major currencies during the week ended March 7 amidst an extended sell-off on Wall Street triggered by the escalation in the trade war and a weak labor market update.
RTTNews | 8h 52min ago
Bay Street Likely To Open On Weak Note

Bay Street Likely To Open On Weak Note

Canadian shares are likely to open on a negative note Monday morning amid fears of a U.S. recession, and rising concerns about China's growth outlook.
RTTNews | 9h 17min ago
Yen Rises Amid Risk Aversion

Yen Rises Amid Risk Aversion

The Japanese yen strengthened against other major currencies in the European session on Monday, as the investor sentiment fell on lingering tariff worries, the threat of a U.S. recession and signs of deepening deflationary pressures in China.
RTTNews | 10h 32min ago
Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the European session on Tuesday.
RTTNews | 11h 37min ago
FTSE 100 Slips After Positive Start, Down Nearly 0.6%

FTSE 100 Slips After Positive Start, Down Nearly 0.6%

After a positive start, U.K. stocks retreated Monday morning, with shares from banking sector recording notable losses. Concerns about the outlook for global economic growth and uncertainty about U.S. trade policy are hurting sentiment.
RTTNews | 11h 45min ago
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