DAX Tumbles On Inflation, Growth Worries
(RTTNews) - German stocks fell sharply on Friday and bond yields extended their climb, as worries about inflation and interest-rate rises gripped markets.
U.S. social media company Snap Inc's bleak fourth-quarter outlook also reminded the risk of recession.
The benchmark DAX fell 205 points, or 1.6 percent, to 12,562 after rising 0.2 percent on Thursday.
METRO AG shares fell about 1 percent. After reporting a 11.8 percent increase in sales in the fourth quarter of its financial year, the wholesale giant warned that the next year continues to be challenging with high inflation and growing cost pressure.
Adidas plunged nearly 9 percent as the sporting goods maker cut its full-year outlook, citing weakening demand.
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Canadian Stocks Remain Firmly Positive Despite Paring Some Gains
Despite paring some gains, the Canadian market remains firmly place in positive territory Monday afternoon thanks to sustained buying in several stocks from the energy sector. The mood remains positive amid optimism about some interest rate cuts by the Federal Reserve and a few other central banks this year.
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6h 21min ago
Swiss Market Closes On Firm Note
Despite a mid-session setback, the Switzerland market closed on a firm note on Monday, in line with markets across Europe, as investors reacted positively to news that the Trump administration would hold off on imposing trade tariffs for now.
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7h 19min ago
European Stocks Close Higher After Cautious Session
European stocks closed higher on Monday, with a few markets posting fresh record highs, reacting positively to reports that the Trump administration will hold off on imposing trade tariffs for now.
Investors also focused on the World Economic Forum, which kicked off in Davos, Switzerland, today.
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8h 5min ago
Bay Street Likely To Open On Subdued Note
Canadian shares are likely to open on a subdued note Monday morning with investors looking for directional clues. Trading volumes are likely to be thin as the U.S. market is closed today for Martin Luther King, Jr. Day holiday.
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12h 52min ago
Euro Rises Before Trump Inauguration
The euro strengthened against other major currencies in the European session on Monday, as European stocks traded higher led by gains in mining and retails sectors. The mood is largely cautious with investors awaiting the inauguration of U.S. President Donald Trump later in the day.
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13h 42min ago
UK House Prices Rise Most Since 2020: Rightmove
UK house prices increased the most since 2020 and new sellers coming to the market hit a record in January, data from the property website Rightmove showed on Monday. Average house prices increased 1.7 percent in January from a month ago, marking the largest jump in prices at the start of the year since 2020. This follows a 1.7 percent fall in December.
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14h 45min ago
Euro Rises Against Majors
The euro strengthened against other major currencies in the European session on Monday.
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15h 21min ago
Sensex, Nifty End Higher Before Trump Inauguration
Indian shares rose notably on Monday as investors cheered positive global cues and encouraging earnings updates from the likes of Wipro and Kotak Mahindra Bank.
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15h 32min ago
