DAX Drifts Lower Amid EU Uncertainty; Banks Lead Losses
(RTTNews) - German stocks traded lower on Friday amid uncertainty over China's response to EU tariffs on Chinese electric vehicles.
The shift of the EU Parliament to the right also raised questions about the future of enlargement, defense and the economy.
French Finance Minister Bruno Le Maire has warned that a new left-wing coalition coming to power in France would lead to the country's exit from the European Union.
The benchmark DAX was down 100 points, or 0.6 percent, at 18,165 after tumbling 2 percent in the previous session.
Technology stocks traded lower, with Infineon Technologies falling 1.5 percent. Automakers BMW, Mercedes Benz and Volkswagen were flat to slightly lower while lender Commerzbank tumbled 3.2 percent and Deutsche Bank declined 1.3 percent.
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Swiss Market Pares Early Gains, Settle Marginally Down
The Switzerland market ended marginally down on Wednesday as stocks shed early gains and the index slipped below the flat line in the final hour. The mood turned cautious past mid afternoon with investors assessing the potential economic and geopolitical impact of Donald Trump's victory in the U.S. Presidential election.
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6 ชม. 19 นาทีที่ผ่านมา
European Stocks Fail To Hold Early Gains, Close Weak
After holding firm till around mid afternoon on Wednesday, European stocks pared gains and closed weak as investors assessed the potential impact of Donald Trump's victory in the U.S. Presidential Election.
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6 ชม. 36 นาทีที่ผ่านมา
U.S. Dollar Rallies On Trump's Victory
The U.S. dollar was higher against its major counterparts in the New York session on Wednesday, as Donald Trump's win in the presidential election renewed optimism about economic growth policies that could drive bond yields higher and boost inflation.
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7 ชม. 21 นาทีที่ผ่านมา
Eurozone Private Sector Stagnates In October
The euro area private sector stagnated in October as the contraction in manufacturing was offset by the services activity growth, final survey results published by S&P Global showed on Wednesday. The HCOB composite output index registered 50.0 in October signalling no change in private sector output. The reading was up from 49.6 in September and above the flash score of 49.7.
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11 ชม. 42 นาทีที่ผ่านมา
Bay Street Looks Headed For Positive Start
Higher Canadian and U.S. futures and firm European stocks following Donald Trump's victory in the U.S. Presidential Election point to a positive start for the Canadian market on Wednesday.
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11 ชม. 58 นาทีที่ผ่านมา
Spanish Services Sector Expands For 14th Month - PMI Survey
Spain's services industry grew for the fourteenth month in a row in October led by strong improvement in sales and demand and firms increased hiring markedly in response to better business, results of the purchasing managers' survey by S&P Global showed on Wednesday.
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12 ชม. 8 นาทีที่ผ่านมา
UK Construction Sector Growth Weakens In October
The UK construction sector growth slowed notably in October but overall industry activity remained solid on civil engineering work, survey results from S&P Global showed on Wednesday. The construction Purchasing Managers' Index posted 54.3 in October, down from 57.2 in September. The index signaled expansion for the eighth consecutive month.
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12 ชม. 55 นาทีที่ผ่านมา
BMW Stock Hits On Weak Q3 Profit, Volume; Backs FY24 View
Shares of BMW Group were losing around 5 percent in the morning trade on Germany's XETRA after the luxury auto major reported Wednesday sharply lower profit and revenues in its third quarter with weak volume in all regions, mainly in China. Further, BMW Group confirmed its recently adjusted fiscal 2024 guidance. According to the firm, delivery stops related to the supplied Integrated Brake System
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13 ชม. 23 นาทีที่ผ่านมา
