DAX Dips Ahead Of Key Inflation Data
(RTTNews) - German stocks fell on Thursday amid worries about continued monetary policy tightening by the U.S. Federal Reserve and the European Central Bank.
The benchmark DAX was down 129 points, or 0.8 percent, at 15,176 after losing 0.4 percent lower the previous day.
Travel and tech stocks dipped as Eurozone government bond yields hit multi-year highs ahead of the release of preliminary euro zone data for February due later in the day. Lufthansa fell over 1 percent and Infineon lost 3 percent.
Kion Group AG rose over 1 percent. The manufacturer of materials handling equipment said it expects an increase in revenue and a significant improvement in both adjusted EBIT and return on capital employed in fiscal 2023.
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European Shares Subdued; DAX Gains After German Vote Outcome
European stocks were broadly lower on Monday while the euro strengthened amid optimism over German election results.
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Asian Shares Decline After Weak US Data
Asian stocks ended mostly lower on Monday as weak U.S. economic data rekindled growth worries and U.S. President Donald Trump reiterated that his administration would impose reciprocal tariffs "soon" on countries like India and China.
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Frozen Shakes Sold To Care Facilities Recalled After Listeria Outbreak, Death
Frozen supplemental shakes under Lyons ReadyCare and Sysco Imperial brands sold to hospitals and long-term care facilities have been recalled following a multistate outbreak of Listeria monocytogenes, including deaths. Sysco Corp., Lyons Magnus LLC, and their third-party manufacturer Prairie Farms Dairy, Inc. have called back 4 oz. Lyons ReadyCare and Sysco Imperial Frozen Supplemental Shakes.
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European Economic News Preview: German Ifo Business Confidence Data Due
Business sentiment from Germany and final inflation from the euro area are the top economic news due on Monday. At 2.00 am ET, capacity utilization figures are due from Turkey. At 4.00 am ET, the ifo Institute is scheduled to issue Germany's business confidence survey results.
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European Shares Seen Higher At Open
European stocks are likely to open on a firm note Monday as U.S. stock futures bounced back after a week that saw the major indexes slump on growth and inflation concerns.
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Sensex, Nifty Decline In Early Trade; IT Stocks Hit Hard On Tariff Concerns
Indian shares were moving lower on Monday as U.S. President Donald Trump reiterated reciprocal tariffs plans for India.
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Asian Markets Track Wall Street Lower
Asian stock markets are trading mostly lower on Monday, following the broadly negative cues from Wall Street on Friday, as traders react to a report showing consumer sentiment in the U.S. deteriorated by much more than expected in February amid a surge by year-ahead inflation expectations. Asian markets closed mixed on Friday.
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Australian Market Turns Green In Mid-market Trades
The Australian stock market is moving in to the green in mid-market trading on Monday after opening deep in the red, snapping a five-session losing streak, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving a tad above the 8,300.00 level, with strong gains in financial stocks nearly offset by weakness in gold miners and technology stocks.
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