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Hawkish Rhetoric Drags Down DAX

RTTNews | 781 days ago

Hawkish Rhetoric Drags Down DAX

(RTTNews) - The German stock market benchmark DAX dropped more than a percent amidst an unexpected hawkish stance in the Fed's monetary policy guidance. Anxiety ahead of the ECB's interest rate review also dampened sentiment.

The forty-scrip DAX index is currently trading at 14,293.05, down 1.2 percent on an overnight basis. The day's trading has been within the range of 14,261.55 and 14,361.05.

Except for Heidelberg Cement, all the scrips in the 40-scrip index are trading in an overnight negative territory.

Zalando, Siemens Energy, Deutsche Post, adidas and Puma, have all dropped more than 3 percent.

The EUR/USD pair is at 1.0620, shedding 0.58 percent overnight whilst the US Dollar Index gained 0.48 percent to 104.26.

Ahead of the ECB review, the ten-year bond yield has decreased 0.70 percent to 1.9185%, versus 1.9320% at the previous close. The pan-European STOXX 600 is currently trading at 437.30, down 1.2 percent on an overnight basis.

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U.S. Dollar Rises Amid Heightened Trade Tensions

U.S. Dollar Rises Amid Heightened Trade Tensions

The U.S. dollar strengthened against other major currencies in the Asian session on Monday, as investors flock to safe-haven fleets amid the global trade war.

RTTNews | 5h 2min ago

CAC 40 Falls Nearly 2% On Widespread Selling

CAC 40 Falls Nearly 2% On Widespread Selling

French stocks opened with a negative gap Monday morning and shed further ground before recovering a bit with a few counters attracting modest buying activity. The levy by the Trump administration has raised fears of a potential trade war and concerns about global economic outlook.

RTTNews | 5h 8min ago

Sensex, Nifty End Off Day's Lows; Financials Outperform

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Indian shares ended Monday's session lower amid economic uncertainty following U.S. President Donald Trump's announcement of trade tariffs on China, Canada, and Mexico.

RTTNews | 5h 16min ago

Eurozone Manufacturing Activity Falls At Slowest Pace In 8 Months

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RTTNews | 5h 35min ago

DAX Tumbles 1.76% As Auto Stocks Slide On Tariff Concerns

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German stocks are down sharply Monday morning, hurt by weakness in global markets following the Trump administration imposing punitive tariffs on Canada, Mexico and China, and threatening to levy tariffs on the EU and UK as well.

RTTNews | 5h 46min ago

U.S. Dollar Rises Against Majors

U.S. Dollar Rises Against Majors

The U.S. dollar strengthened against other major currencies in the Asian session on Monday.

RTTNews | 5h 55min ago

Euro Falls Against Majors

Euro Falls Against Majors

The euro weakened against other major currencies in the Asian session on Monday.

RTTNews | 6h 15min ago

European Shares Tumble On Tariff Worries; Auto And Tech Stocks Worst Hit

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European stocks fell sharply on Monday after U.S. President Donald Trump imposed tariffs on Canada, Mexico and China, and promised to make similar moves against the European Union.

RTTNews | 6h 40min ago

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