Amended: DAX Little Changed As GDP Contracts
(RTTNews) - German stocks were little changed on Friday after official data showed the German economy contracted slightly in the third quarter compared with the previous three months.
GDP declined 0.1 percent sequentially, confirming a first estimate, published in late October as the country languishes in a likely recession.
The German lfo business climate data for November is awaited later in the day.
The benchmark DAX was marginally higher at 15,998 after closing 0.2 percent higher in the previous session.
Tech stocks declined, with Infineon Technologies falling around half a percent as Treasury yields climbed on expectations that U.S. interest rates will remain elevated for longer. DAX Continental AG rallied 2.4 percent after Barclays upgraded shares of the automotive parts maker to "overweight."
(Amended: Corrected to remove duplicate headline)
U.S. Job Openings Fall More Than Expected In August
U.S. Consumer Confidence Index Unexpectedly Slumps In September
Bay Street Likely To Open With Positive Bias
Eurozone Economic Sentiment Weakens
Major European Markets Move Higher As Oil Pares Early Gains
UK Mortgage Approvals Fall To 32-Month Low
Mixed Sentiment In Asian Markets
