DAX Falls On Growth Worries

RTTNews | 816 days ago
DAX Falls On Growth Worries

(RTTNews) - German stocks were moving lower on Tuesday after a survey showed the country's services sector grew at its slowest pace in five months in June, accompanied by a slight dip in manufacturing output.

The downside remained capped after reports that U.S. President Joe Biden was contemplating rolling back some tariffs on Chinese imports, and that Chinese Vice Premier Liu He had a "constructive" virtual dialogue with U.S. Treasury Secretary Janet Yellen.

The benchmark DAX dropped 100 points, or 0.8 percent, to 12,673 after declining 0.3 percent on Monday.

Online food-delivery service Delivery Hero SE rallied 2.4 percent. The company said it has successfully taken all closing actions for the transaction in relation to GlovoApp23 S.A.

Deutsche Post DHL fell about 1 percent. The package delivery and supply chain management company said that its division, DHL eCommerce Solutions, is investing 560 million euros across its UK ecommerce operation- DHL Parcel UK.

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Swiss Market Ends Slightly Higher

Swiss Market Ends Slightly Higher

The Switzerland market shrugged off early weakness and moved modestly higher on Friday, tracking positive global cues. Investors continued to cheer Swiss National Bank's interest rate move, in addition to digesting U.S. personal consumption expenditure data.
RTTNews | 18h 54min ago
European Stocks Close Week On A Firm Note

European Stocks Close Week On A Firm Note

European stocks closed higher on Friday, with several major markets hitting record highs, as investors continued to cheer China's stimulus announcements, and bet on hopes of more interest-rate cuts by central banks.
RTTNews | 19h 39min ago
Canadian Market Up Marginally In Cautious Trade

Canadian Market Up Marginally In Cautious Trade

The Canadian market is up marginally on Friday with stocks turning in a mixed performance in cautious trade. Investors are digesting the latest batch of Canadian economic data, and reports on U.S. consumption expenditure, personal income & spending.
RTTNews | 21h 47min ago
Intel Reportedly Rejects Arm's Bid For Product Division

Intel Reportedly Rejects Arm's Bid For Product Division

Chipmaker Intel Corp., which is in the midst of takeover speculation amid its struggling financial performance, rejected an approach from British chip firm Arm Holdings Plc for its product division, Bloomberg reported citing a person with direct knowledge of the matter. Intel replied that the product division is not for sale. On the Nasdaq, Intel shares were gaining around 1.5 percent...
RTTNews | 23h 27min ago
U.S. Consumer Sentiment Improves More Than Previously Estimated In September

U.S. Consumer Sentiment Improves More Than Previously Estimated In September

Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. improved by more than previously estimated in the month of September. The University of Michigan said its consumer sentiment index for September was upwardly revised to 70.1 from a preliminary reading of 69.0. Economists had expected a more modest upward revision to 69.3.
RTTNews | 23h 29min ago
U.S. Consumer Prices Edge Higher In August, Annual Growth Slows More Than Expected

U.S. Consumer Prices Edge Higher In August, Annual Growth Slows More Than Expected

Consumer prices in the U.S. crept up in line with economist estimates in the month of August, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index inched up by 0.1 percent in August after rising by 0.2 percent in July.
RTTNews | 1 day ago