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DAX Extends Losses On Growth Worries
(RTTNews) - German stocks fell on Friday to extend losses from the previous session as investors fretted over slowing growth and hawkish central banks.
A survey showed earlier today that the downturn in German business activity deepened in September as a result of higher energy costs.
S&P Global's flash composite Purchasing Managers' Index (PMI), which tracks both the manufacturing and services sectors, dropped to 45.9 in September from a final reading of 46.9 in August.
The benchmark DAX was down 75 points, or 0.6 percent, at 12,456 after losing 1.8 percent the previous day.
Banks led losses, with Commerzbank and Deutsche Bank falling 1-2 percent after reports that Swiss bank Credit Suisse is sounding out investors for fresh cash.
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U.S. Factory Orders Spike Slightly Less Than Expected In March
The Commerce Department released a report on Friday showing a sharp increase by new orders for U.S. manufactured goods in the month of March. The report said factory orders spiked by 4.3 percent in March after rising by a downwardly revised 0.5 percent in February.
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U.S. Employment Jumps By 177,000 Jobs In April, Much More Than Expected
Job growth in the U.S. far exceeded economist estimates in the month of April, according to a closely watched report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment shot up by 177,000 jobs in April compared to expectations for an increase of about 130,000 jobs.
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Eurozone Inflation Remains Stable At 2.2%
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Eurozone Manufacturing Activity Shrinks At Slower Pace
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Bay Street May Open Higher
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U.S. Employment Jumps Much More Than Expected In April
Job growth in the U.S. far exceeded economist estimates in the month of April, according to a closely watched report released by the Labor Department on Friday.
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SharkNinja Recalls 1.85 Mln Pressure Cookers
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FTSE 100 Moderately Higher; Shell Rises Sharply After Announcing Share Buyback
UK stocks are up in positive territory on Friday, in line with other major markets in Europe, amid optimism over easing U.S.-China trade relations. Investors are also reacting to a slew of earnings announcements.
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