DAX Slips Into Red On Recession Worries

RTTNews | 805 days ago
DAX Slips Into Red On Recession Worries

(RTTNews) - German stocks declined on Thursday as weak U.S. economic data and hawkish Fed comments reinforced market concerns about an imminent U.S. recession.

The dollar extended its recent sell-off amid falling Treasury yields on concerns that sharply higher interest rates will weigh on the U.S. economy in 2023.

Few Fed officials signaled on Wednesday that they would push on with more interest rate hikes, hurting prices of stocks and bonds.

The benchmark DAX slipped half a percent to 15,105 after finishing marginally lower in the previous session.

Electrical company Encavis plunged 7 percent as Barclays downgraded its rating on the stock to "underweight" from "equal weight".

Looking ahead, the minutes of the European Central Bank's monetary policy meeting is due later in the day.

read more
South Korea Stock Market May Extend Losing Streak

South Korea Stock Market May Extend Losing Streak

The South Korea stock market has moved lower in two straight sessions, sinking almost 35 points or 1.4 percent along the way. The KOSPI now rests just above the 2,485-point plateau and it's likely to open under pressure again on Friday.
RTTNews | 4h 26min ago
Swiss Market Ends Sharply Lower On Tariff Woes

Swiss Market Ends Sharply Lower On Tariff Woes

Swiss stocks fell sharply on Thursday, in line with equities across the globe, as U.S. President Donald Trump's sweeping tariff announcement fueled inflation and growth concerns, prompting investors to exit counters.
RTTNews | 10h 8min ago
Canadian Market Down Sharply On Heavy Selling As Trump's Tariffs Hurt Sentiment

Canadian Market Down Sharply On Heavy Selling As Trump's Tariffs Hurt Sentiment

Canadian stocks are deep down in the red on Thursday, hurt by U.S. President Donald Trump's sweeping tariff announcement that is likely to trigger a global trade war, which could push up inflation and hinder economic growth. The benchmark S&P/TSX Composite Index, which crashed to 24,429.24, losing about 880 points, was down 737.43 points or 2.91% at 24,569.75 a little while ago.
RTTNews | 11h 20min ago
U.S. Services Index Drops To Nine-Month Low In March

U.S. Services Index Drops To Nine-Month Low In March

U.S. service sector growth slowed by more than anticipated in the month of March, according to a report released by the Institute for Supply Management on Thursday. The ISM said its services PMI fell to 50.8 in March after inching up to 53.5 in February. While a reading above 50 still indicates growth, economists had expected the index to show a more modest decrease to 53.0.
RTTNews | 13h 6min ago
U.S. Trade Deficit Shrinks From Record High As Exports Surge

U.S. Trade Deficit Shrinks From Record High As Exports Surge

The Commerce Department released a report on Thursday showing the U.S. trade deficit narrowed in the month of February after soaring to a record high in January. The report said the trade deficit decreased to $122.7 billion in February after spiking to a revised $130.7 billion in January.
RTTNews | 13h 11min ago