DAX Slips As Uncertainties Mount

RTTNews | 931 days ago
DAX Slips As Uncertainties Mount

(RTTNews) - German stocks fell on Tuesday to extend recent losses amid heightened geopolitical tensions, hawkish Fed comments and news of fresh lockdowns in China.

The benchmark DAX was down 101 points, or 0.8 percent, at 12,172 after finishing marginally lower the previous day.

The leaders of the G7 group of nations will hold a virtual meeting today to discuss offering further support to Ukraine after Moscow launched retaliatory missile strikes that killed 19 people.

German government bond yields held near 11-year highs after reports Chancellor Olaf Scholz was prepared to back European Union-wide joint debt issuance to help the bloc's members tackle the energy crisis.

Longer-term U.S. Treasury yields shot higher after Fed Vice Chair Lael Brainard said the central bank has no intentions of a dovish pivot in the near-term.

China stepped up anti-COVID measures in mega cities to control a spike in new virus cases following a week-long National Day holiday that ended Friday,

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U.S. Consumer Confidence Slumps More Than Expected In April

U.S. Consumer Confidence Slumps More Than Expected In April

Largely reflecting a significant deterioration by consumer expectations, the Conference Board released a report on Tuesday showing its U.S. consumer confidence index slumped by more than expected in the month of April. The Conference Board said its consumer confidence index plunged to 86.0 in April from an upwardly revised 93.9 in March.
RTTNews | 32 minutes ago
Bay Street May Open Slightly Higher

Bay Street May Open Slightly Higher

Higher Canadian futures point to a slightly positive start on Bay Street Tuesday morning. The victory of Mark Carney in the Canadian general election and easing concerns about U.S. tariffs may also support the market. However, weak crude oil and gold prices may weigh on sentiment and limit market's upside.
RTTNews | 2h 19min ago
Eurozone Economic Sentiment At 4-Month Low

Eurozone Economic Sentiment At 4-Month Low

Euro area economic confidence weakened more than expected to a four-month low in April largely due to the trade tariff threats, survey data from the European Commission showed on Tuesday. The economic sentiment index declined to 93.6 in April from 95.0 in the previous month. The score was forecast to fall to 94.5.
RTTNews | 3h 0min ago
FTSE 100 Modestly Higher, Extends Gains To 12th Straight Session

FTSE 100 Modestly Higher, Extends Gains To 12th Straight Session

The UK market is up in positive territory in early afternoon trades on Tuesday, extending gains to a 12th straight session. Easing concerns about U.S. tariffs contribute to the positive sentiment in the market. Investors are also digesting a slew of quarterly earnings announcements.
RTTNews | 3h 0min ago
CAC 40 Pares Early Gains; Schneider Electric Tumbles Over 7%

CAC 40 Pares Early Gains; Schneider Electric Tumbles Over 7%

French stocks are mostly subdued on Tuesday with investors making cautious moves while awaiting some key corporate earnings updates this week. The market climbed higher earlier in the session as reports emerged that the U.S. would move to reduce the impact of duties imposed on foreign parts in domestically manufactured cars.
RTTNews | 3h 30min ago
DAX Rises Again As Strong Results, Easing Tariff Concerns Lift Sentiment

DAX Rises Again As Strong Results, Easing Tariff Concerns Lift Sentiment

German stocks are up firmly in positive territory on Tuesday with investors reacting to a slew of corporate earnings announcements. Easing concerns about U.S. tariffs, and data showing an improvement in German consumer sentiment contribute as well to the positive sentiment in the market.
RTTNews | 4h 24min ago