DAX Subdued Amid US-China Tensions; Automakers Surge

RTTNews | 104 ngày trước
DAX Subdued Amid US-China Tensions; Automakers Surge

(RTTNews) - German stocks were subdued on Thursday as geopolitical tensions between the U.S. and China intensified, raising uncertainty around U.S. policy ahead of the presidential elections.

Investors also awaited the European Central Bank's interest-rate decision for directional cues.

The benchmark DAX was down 19 points, or 0.1 percent, at 18,418 after declining 0.4 percent in the previous session.

Automakers surged after industry data showed new car sales in the EU recovered strongly in June, driven by gains in three out of the region's four major markets.

New car registrations rose 4.3 percent year-over-year to 1.089 million units in June, reversing a 3.0 percent fall in May.

Among the four major markets, the Italian market showed the strongest sales growth of 15.1 percent, followed by Germany with a 6.1 percent rise.

BMW jumped 1.8 percent, Mercedes Benz added 1.6 percent and Volkswagen rose 1.1 percent.

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European Economic News Preview: Eurozone GDP Data Due

European Economic News Preview: Eurozone GDP Data Due

Preliminary GDP estimates from the euro area and other European economies and budget announcement from the UK are due on Wednesday. At 2.30 am ET, France's statistical office INSEE publishes flash GDP and consumer spending figures. The second largest euro area economy is forecast to grow 0.3 percent in the third quarter after expanding 0.2 percent in the preceding period.
RTTNews | 4h 9phút trước
Asian Markets Trade Mostly Lower

Asian Markets Trade Mostly Lower

Asian stock markets are trading mostly lower on Wednesday, following the mixed cues from Wall Street overnight, as traders are cautious and reluctant to take positions ahead of the next week's U.S. presidential election and the US Fed's monetary policy decision. Concern about the tension in the Middle East is also weighing on the markets. Asian markets closed mostly higher on Tuesday.
RTTNews | 6h 4phút trước
Japanese Market Significantly Higher

Japanese Market Significantly Higher

The Japanese stock market is trading significantly higher on Wednesday, extending the gains in the previous two sessions, following the mixed cues from Wall Street overnight. The Nikkei 225 is moving well above the 39,300 level, with gains across most sectors led by index heavyweights, financial and technology stocks.
RTTNews | 7h 8phút trước
Steady Start Eyed For Thai Stock Market

Steady Start Eyed For Thai Stock Market

The Thai stock market has moved lower in back-to-back sessions, slumping more than a dozen points or 0.9 percent along the way. The Stock Exchange of Thailand now sits just above the 1,450-point plateau although it may find traction on Wednesday.
RTTNews | 7h 33phút trước
Indonesia Stock Market Due For Support On Wednesday

Indonesia Stock Market Due For Support On Wednesday

The Indonesia stock market has finished lower in five straight sessions, dropping almost 190 points or 2.5 percent along the way. The Jakarta Composite Index now rests just above the 7,600-point plateau although it may stop the bleeding on Wednesday.
RTTNews | 8h 3phút trước
Australian Market Modestly Lower

Australian Market Modestly Lower

Australian shares are trading modestly lower on Wednesday, giving up some of the gains in the previous three sessions, with the benchmark S&P/ASX 200 staying above the 8,200 level, following the mixed cues from Wall Street overnight, with weakness in energy and financial stocks partially offset by gains in iron ore miners.
RTTNews | 8h 7phút trước