DAX Slips Into Red With Banks, Autos Pacing Declines
(RTTNews) - German stocks traded lower on Wednesday amid concerns over whether other countries could be targeted for tariffs under incoming U.S. President Donald Trump, a day after he pledged to impose significant tariffs on goods from Canada, Mexico, and China.
Meanwhile, investors' demand for a risk premium on French debt has increased amid political uncertainties.
France's budgetary issues and political tensions push the OAT-Bund spread to levels not seen since 2012.
The benchmark DAX dropped 81 points, or 0.4 percent, to 19,214 after declining 0.6 percent in the previous session.
Auto stocks extended declines from the previous session, with BMW, Mercedes Benz and Volkswagen falling between half a percent and 1 percent.
Banks Commerzbank and Deutsche Bank were down 2 percent and 1.3 percent, respectively.
U.S. Q3 GDP Growth Unrevised At 2.8%
U.S. Durable Goods Orders Rise Less Than Expected In October
U.S. Weekly Jobless Claims Unexpectedly Edge Down To 213,000
German GfK Consumer Sentiment To Deteriorate Sharply
Pound Falls Against Most Majors
Sensex, Nifty End Slightly Higher As Adani Group Stocks Rebound
European Shares Drift Lower Amid France's Debt Woes
