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DAX Tumbles On Inflation, Growth Worries
(RTTNews) - German stocks fell sharply on Friday and bond yields extended their climb, as worries about inflation and interest-rate rises gripped markets.
U.S. social media company Snap Inc's bleak fourth-quarter outlook also reminded the risk of recession.
The benchmark DAX fell 205 points, or 1.6 percent, to 12,562 after rising 0.2 percent on Thursday.
METRO AG shares fell about 1 percent. After reporting a 11.8 percent increase in sales in the fourth quarter of its financial year, the wholesale giant warned that the next year continues to be challenging with high inflation and growing cost pressure.
Adidas plunged nearly 9 percent as the sporting goods maker cut its full-year outlook, citing weakening demand.
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Apple Shares Down On $900 Mln Tariff Hit, Despite Strong Q2, Dividend Growth, $100 Bln Buyback
Shares of apple inc. were down around 4 percent in the after-hours trading on Thursday after the tech major said it sees $900 million hit from tariffs in the third quarter, as it shifts U.S. iPhone supply to India from China. This was despite reporting higher profit in its second quarter, above market estimates, with strong growth in revenues. The company also announced higher dividend...
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36 minutes ago
Australian Dollar Rises Against Majors
The Australian dollar strengthened against other major currencies in the Asian session on Friday.
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52 minutes ago
Yen Slides Against Majors
The Japanese yen weakened against other major currencies in the Asian session on Friday.
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2h 20min ago
European Shares To Open Higher On US-China Trade Talk Optimism
European stocks are likely to open higher on Friday as investors react to easing trade tensions and mixed earnings from U.S heavyweights.
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2h 53min ago
European Economic News Preview: Eurozone Inflation, Unemployment Data Due
Flash inflation, unemployment and final factory Purchasing Managers' survey results from the euro area are due on Friday, headlining a busy day for the European economic news. At 3.15 am ET, Spain's manufacturing PMI survey data is due. Economists forecast the index to rise to 50.0 in April from 49.5 in March.
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3h 11min ago
Sensex, Nifty Climb In Early Trade; Auto Stocks Take Lead
Indian shares were sharply higher on Friday, with sentiment aided by the prospect of easing global trade tensions after China said it is evaluating trade talks with the U.S.
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4h 9min ago
Australian Market Extends Early Gains In Mid-market
The Australian stock market is extending its early gains in mid-market moves on Friday, adding to the gains in the previous six sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving a tad above the 8,200 level, with gains in iron ore miners, financial and energy stocks partially offset by weakness in gold miners and technology stocks.
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5h 12min ago
Asian Markets Track Wall Street Higher
Asian stock markets are mostly higher on Friday, following the positive cues from Wall Street overnight, amid optimism about possible trade deals, with US President Donald Trump saying he has "potential" trade deals with India, South Korea and Japan as well as expressed optimism about a resolution with China. Traders are also booking some profits following the recent upside in the markets.
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5h 32min ago
