^GDAXI - DAX PERFORMANCE-INDEX
| Previous close | 15,983.97 |
| Open | 16,064.13 |
| Volume |
| Day's range | 15,925.22 - 16,079.73 |
| 52-week range | 11,862.84 - 16,331.94 |
| Avg. volume | 79,473,595 |
ZacksETFs in Focus as Germany Slips Into Recession
As Germany slips into a recession by contracting 0.3% in Q1, look into how ETFs are affected and how to navigate the uncertain economic conditions.
- Investing.com
European stocks mixed; U.K. retail sales impress, but U.S. debt talks continue
European stock markets traded in a mixed fashion Friday, helped by better-than-expected British retail sales while a deal to raise the U.S. debt ceiling looks set to go to the wire. Data released Thursday showed that retail sales in the U.K. rose 0.5% on the month in April, more than expected, with consumers remaining surprisingly resilient in the face of a cost-of-living squeeze. Sentiment was also boosted by a Reuters report that suggested negotiators appear to be closing in on a deal that would raise the government's $31.4 trillion debt ceiling for two years, with just $70 billion separating the groups on a total figure that would be well over $1 trillion.
- Investing.com
Fresenius shares rise; Kabi raises 2023 outlook
Investing.com -- With a price increase of 1.30%, Fresenius shares (ETR:FREG) ranked second in the German benchmark DAX index on Thursday. Positive share price impetus was provided by a capital market day in London centered around its pharmaceuticals and medical technology subsidiary Kabi.
- Investing.com
European stocks fall; Germany enters recession after 1Q GDP falls
European stock markets retreated Thursday after data showed Germany, the region's largest economy, slipped into recession in the first quarter of the year. At 03:15 ET (07:15 GMT), the DAX index in Germany traded 0.2% lower, the FTSE 100 in the U.K. dropped 0.4% and the CAC 40 in France fell 0.3%. This meant that Europe's main growth driver suffered from a winter recession.
Yahoo Finance UKUS stocks and FTSE lower with focus lingering on US debt talks and inflation data
President Biden and House Speaker Kevin McCarthy have still not reached an agreement on how to raise the US government's $31.4 trillion debt ceiling.
Yahoo Finance UKFTSE closes in the green, Wall Street mixed as traders monitor US debt talks
A look at how the major markets are performing on Monday.
ReutersEuropean shares rise with Germany's DAX hitting record
(Reuters) -European stocks rose on Friday and Germany's blue-chip index hit a record high as hopes of progress in U.S. debt ceiling talks boosted risk sentiment, although negotiations appeared to have reached an impasses moments after markets closed. The DAX, which houses Germany's top 40 companies, closed 0.7% higher, after rising as far as 16,331.94 earlier in the day. Talks on Capitol Hill on raising the debt ceiling had appeared to be moving forward, with Democrat negotiators saying they made "steady progress" toward a deal that would avoid a default.
- Investing.com
European stocks rise; Smiths Group earnings, G7 meeting eyed
European stock markets traded higher Friday, benefiting from the global optimism that a U.S. debt default will be avoided. Senior U.S. congressional Republican Kevin McCarthy indicated on Thursday confidence that an agreement to lift the U.S. debt ceiling, and thus preventing the country from defaulting on its obligations, could be achieved in the near future. Friday has been relatively quiet in terms of corporate results, but Smiths Group (LON:SMIN) stock rose 0.8% after the U.K. engineering group lifted its 2023 revenue guidance after reporting strong third-quarter results.
- Investing.com
European stocks surge higher on U.S. debt ceiling optimism; BT Group slumps
European stock markets traded higher Thursday, with investors optimistic of a deal to lift the U.S. debt ceiling while awaiting comments from ECB chief Christine Lagarde. Investors have been buoyed by the apparent determination of President Joe Biden and top U.S. congressional Republican Kevin McCarthy to reach an agreement soon, with Biden cutting short an Asia trip to return to talks on Sunday.
- Investing.com
European stocks retreat on U.S. debt ceiling concerns; Commerzbank slumps
The looming U.S. debt ceiling deadline and the potential for a catastrophic U.S. debt default has created a degree of nervousness throughout global markets. Talks between U.S. President Joe Biden and Republican Kevin McCarthy, the speaker of the House of Representatives, failed to come up with a deal on Tuesday, hitting sentiment in Europe.
- Investing.com
European stocks edge higher; caution remains over global growth concerns
European stock markets traded largely higher Tuesday, with investors digesting global growth concerns, political uncertainty as well as more corporate earnings. The European Commission on Monday lifted its gross domestic product estimate higher for this year, now forecasting 1% growth, up from a previous 0.8% estimate. The preliminary estimate of the euro zone’s first quarter gross domestic product is scheduled to be released later in the session, and is expected to show the region barely grew in the opening three months of the year.
Yahoo Finance UKWall Street loses ground as FTSE 100 closes higher on UK economy growth
FTSE 100 closes the week higher as the UK economy returned to growth.
- Investing.com
European stocks lower; Italian industrial production disappoints
European stock markets edged lower Wednesday on signs of slowing growth ahead of the release of key U.S. inflation data while the earnings season continues. By 04:55 ET, U.S. crude futures traded 1.5% lower at $72.59 a barrel, while the Brent contract dropped 1.5% to $76.30.
- Investing.com
European stocks lower; Chinese trade data disappoints
European stock markets edged lower Tuesday, as investors digested soft Chinese trade data ahead of the latest U.S. inflation report and the Bank of England’s policy-setting meeting. European equities have benefited from generally positive earnings this quarter to date, with results from the banking sector showing a degree of strength, especially given the ongoing turmoil across the pond.
- Investing.com
European stocks fall; investors cautiously await ECB decision
European stock markets fell Thursday, as investors digested a deluge of quarterly corporate earnings ahead of the European Central Bank’s latest monetary policy decision. The ECB is in focus Thursday, with the central bank widely expected to tighten monetary policy later in the session, lifting interest rates for the seventh time, following Wednesday’s lead by the U.S. Federal Reserve. The Fed delivered an interest rate hike of 25 basis points on Wednesday, bringing the federal funds rate range to 5%-5.25%, the highest level since August 2007, but also signaled it could pause its year-long tightening cycle in June.
- Investing.com
European stocks edge higher; banking sector leads ahead of Fed
European stock markets traded higher Wednesday, as generally positive earnings from the banking sector boosted confidence ahead of the conclusion of the crucial Federal Reserve policy meeting. The quarterly earnings season has given European investors something to digest as they wait for the latest policy news from the Federal Reserve, due later in the session.
- Investing.com
European stocks edge higher; strong HSBC results boost tone
European stock markets largely edged higher Tuesday, helped by positive earnings from banking giant HSBC ahead of the start of the crucial Federal Reserve policy meeting as well as the release of the latest Eurozone inflation data. HSBC (LON:HSBA), Europe’s largest bank by assets, reported a tripling of quarterly profit, as rising interest rates worldwide boosted its income and helped it pay a first quarterly dividend since 2019. In other corporate news, BP (LON:BP) stock fell 3.7% despite the energy giant posting a $5 billion profit in the first quarter of 2023, up from the previous three months on the back of strong oil and gas trading.
- Investing.com
European stocks mixed; corporate earnings, growth and inflation data eyed
European stock markets traded in a mixed fashion Friday, as investors digested more corporate earnings as well as crucial regional inflation and growth economic data. By 03:45 ET, U.S. crude futures traded 0.1% higher at $74.80 a barrel, while the Brent contract climbed 0.2% to $78.36.
- Investing.com
European stocks edge lower; Philips shines on proposed litigation deal
European stock markets edged lower Monday, with investors cautious at the start of a week that includes key economic releases as well as earnings from the region’s top lenders and big tech companies on Wall Street. This will be a key test for markets with investors on the lookout to see if strong gains in the tech sector so far this year are justified. Elsewhere, Philips (AS:PHG) stock soared over 10% as investors reacted positively to the Dutch health technology company booking a $630 million provision as part of a planned settlement in the U.S. over the recall of millions of devices that treat sleep apnea, with CEO Roy Jakobs calling this an "important step in addressing the litigation."
Yahoo Finance UKUS stocks higher and FTSE closes in the green as central banks hint on rate hikes
US stocks rose as investors braced for a crucial bank earnings season and digested the latest employment data which showed rise in unemployment.
- Investing.com
European stocks edge higher; Volvo shines ahead of key U.S. inflation data
European stock markets edged higher Wednesday in tight trading ranges with the focus firmly on the monthly U.S. inflation report, which could guide future Federal Reserve monetary policy. Sentiment is guarded Wednesday as investors await the release of the U.S. CPI index for March to gauge just how sticky prices are likely to be and thus the likely monetary response from the Federal Reserve. The general perception is that the Fed is near the end of its aggressive rate-hiking cycle, but there may still be room for another increase in May, when the policymakers next get together.
- Investing.com
European stocks higher; euro zone retail sales, BMW deliveries in focus
European stock markets traded higher Tuesday, helped by gains in Asia overnight ahead of the release of the latest euro zone retail sales data. Japan’s Nikkei 225 index, in particular, gained over 1% after legendary U.S. investor Warren Buffett indicated he was looking to increase his exposure to Japanese stocks by lifting his holdings in the nation’s trading houses. Back in Europe, the main economic focus will be the release of the euro zone’s February retail sales, which are expected to have fallen 0.8% on the month, an annual drop of 3.5%, indicative of the pressures soaring prices were placing on consumers’ disposable income.
- Investing.com
European stocks edge higher; German industrial production growth helps
European stock markets edged higher Thursday, helped by healthy German industrial production growth, but risk sentiment remains fragile as investors fret about a global economic slowdown. Data released earlier Thursday showed that German industrial production rose 2.0% on the month in February, significantly more than the 0.1% expected, while the figure for January was adjusted to a 3.7% increase, up from 3.5%.
- Investing.com
European stocks edge higher; euro zone PPI data in focus
European stock markets edged higher Tuesday, with investors remaining confident despite concerns surrounding higher oil prices and slowing manufacturing activity data. European equities posted healthy gains over the course of the first three months of the year, and investors have remained pretty buoyant at the start of the new quarter despite the shock of a sharp rise in oil prices after a group of leading producers decided to cut output levels. Crude prices have continued to trade higher Tuesday, in the wake of the surprise production cut by the Organization of Petroleum Exporting Countries and allies, known as OPEC+.
- Investing.com
European stocks higher; energy giants lead way after surprise OPEC+ cut
European stock markets edged higher Monday, with oil companies leading the way, benefiting from the surge in crude prices following the surprise cut in OPEC+ production. At 03:50 ET (07:50 GMT), the DAX index in Germany traded 0.1% higher, the CAC 40 in France climbed 0.4%, and the FTSE 100 in the U.K. rose 0.7%. The Organization of Petroleum Exporting Countries and allies, known as OPEC+, unexpectedly announced on Sunday it will cut production by over 1 million barrels per day through to the end of 2023.