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DAX Modestly Lower After Four-day Winning Streak

RTTNews | 409 days ago

DAX Modestly Lower After Four-day Winning Streak

(RTTNews) - German stocks are down in negative territory on Friday, drifting lower after four successive days of gains, as some disappointing earnings announcements, and concerns about the impact of tariffs imposed by U.S. President Donald Trump weigh on sentiment.

Trump administration's higher tariff rates on trading partners took effect from midnight. Meanwhile, Moscow confirmed Russian President Vladimir Putin and U.S. President Donald Trump are preparing to meet in the coming days, raising hopes of a ceasefire in the Ukraine war.

The benchmark DAX, which advanced to 24,195.69 earlier in the session, was down 58.95 points or 0.24% at 24,131.75 a little while ago.

Shares of German reinsurance major Munich Re are down more than 7% after the company trimmed outlook for 2025 insurance revenue. Insurance revenue from insurance contracts issued declined 1.2% to 14.78 billion euros in the second quarter, from prior year's 14.95 billion euros, despite organic growth.

In the second quarter, Munich Re generated a net result of 2.09 billion euros, up 30.2% from last year's 1.60 billion euros. Earnings per share climbed 32.9% to 15.94 euros from 11.99 euros a year ago.

Hannover Rueck is down nearly 4%. Allianz and SAP are down 1.7% and 1.6%, respectively. Deutsche Telekom, Deutsche Boerse, Symrise and Continental are down with modest losses.

Rheinmetall and Fresenius are gaining 3.6% and 3.3%, respectively. Siemens is up 1.8% and Merck is up by about 1.7%. Commerzbank, Damiler Truck Holding and Porsche Automobil Holding are advancing 1 to 1.4%.

RWE, Infineon Technologies, Mercedes-Benz, Volkswagen, Vonovia, Deutsche Bank, MTU Aero Engines, Porsche, Qiagen, Beiersdorf and Brenntag are up with moderate gains.

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China Stock Market May Add To Its Winnings On Tuesday

China Stock Market May Add To Its Winnings On Tuesday

The China stock market has finished higher in two straight sessions, climbing almost 75 points or 1.7 percent in that span. The Shanghai Composite Index now sits just beneath the 3,950-point plateau and it may see additional support on Tuesday.

RTTNews | 19 minutes ago

Tech Shares May Boost Taiwan Stock Market

Tech Shares May Boost Taiwan Stock Market

The Taiwan stock market has tracked higher in four straight sessions, surging more than 2,800 points or 6.2 percent along the way. The Taiwan Stock Exchange now sits just beneath the 47,720-point plateau and it's looking at another green light again on Tuesday.

RTTNews | 49 minutes ago

Singapore Stock Market May Break Through 5,700-Point Level

Singapore Stock Market May Break Through 5,700-Point Level

The Singapore stock market has finished higher in two of three trading days since the end of the two-day slide in which it had dropped almost 85 points or 1.7 percent. The Straits Times Index now sits just above the 5,675-point plateau and it's expected to see further upside on Tuesday.

RTTNews | 1h 19min ago

Malaysia Stock Market Tipped To Open In The Green

Malaysia Stock Market Tipped To Open In The Green

The Malaysia stock market on Monday snapped the three-day losing streak in which it had slumped more than 35 points or 2.4 percent. The Kuala Lumpur Composite Index now sits just above the 1,665-point plateau and it may add to its winnings on Tuesday.

RTTNews | 1h 49min ago

Win Streak May Continue For South Korea Stock Market

Win Streak May Continue For South Korea Stock Market

The South Korea stock market has finished higher in two straight sessions, accelerating almost 300 points or 4.1 percent along the way. The KOSPI now sits just above the 7,000-point plateau and it may extend its gains again on Tuesday.

RTTNews | 2h 19min ago

Taiwan Data Due On Tuesday

Taiwan Data Due On Tuesday

Taiwan will on Tuesday release August figures for export orders and unemployment, highlighting a very light day for Asia-Pacific economic activity.

RTTNews | 3h 19min ago

Oil Extends Losses To 4th Straight Session, Sheds Over 4%

Oil Extends Losses To 4th Straight Session, Sheds Over 4%

Oil prices fell sharply on Monday, losing for a fourth straight session, amid hopes diplomatic efforts will help de-escalate tensions in the Middle East.

RTTNews | 6h 22min ago

Swiss Market Ends On Buoyant Note

Swiss Market Ends On Buoyant Note

The Switzerland market closed on a strong note on Monday, as falling oil prices helped ease concerns about inflation and growth, prompting investors to pick up stocks.

RTTNews | 7h 18min ago

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