DAX Slips On Recession Worries

RTTNews | 913 days ago
DAX Slips On Recession Worries

(RTTNews) - German shares fell sharply on Wednesday as dire U.S. consumer confidence data released overnight stoked concerns about the economic and earnings outlook.

Investors await a preliminary reading on German inflation as well as Eurozone's consumer confidence data later in the day for further direction.

Traders also eye remarks from Bank of England governor Andrew Bailey and Fed Chair Jerome Powell for clues on policy outlook.

The benchmark DAX fell 168 points, or 1.3 percent, to 13,063 after rising 0.4 percent the previous day.

Banks led losses, with Commerzbank and Deutsche Bank losing 2-3 percent.

Automakers BMW and Volkswagen also dropped 2-3 percent.

Hornbach Baumarkt, a DIY-store chain, tumbled 3.2 percent after reporting a decline in earnings for the first quarter.

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TSX Ends Modestly Lower

TSX Ends Modestly Lower

https://money.tmx.com/canadian-markets https://www.rttnews.com/3499633/bay-street-likely-to-open-slightly-higher.aspx?type=cn
RTTNews | 17h 58min ago
Swiss Market Ends On Firm Note

Swiss Market Ends On Firm Note

The Switzerland market closed on a firm note on Friday, in line with markets across Europe, as investors picked up stocks from across several sectors. The benchmark SMI closed up 101.06 points or 0.88% at 11,589.34, slightly off the day's high of 11,597.29.
RTTNews | 21h 51min ago
European Markets Close Higher

European Markets Close Higher

European stocks closed higher on Friday, as investors made some purchases at several counters as markets resumed trading after Christmas holidays. Activity was a bit subdued in most of the markets in the region amid a lack of triggers, and ahead of the New Year holidays coming up next week.
RTTNews | 22h 7min ago