DAX Slips On Rate, Growth Concerns
(RTTNews) - German stocks traded lower on Tuesday amid uncertainty about the Federal Reserve's rate hike path and concerns about a slowing Chinese economy.
The euro was down for a sixth straight session to hover near a six-month trough against the dollar on concerns of a widening interest rate gap in favor of the U.S.
The benchmark DAX was down 55 points, or 0.4 percent, at 15,350 after closing 1 percent lower the previous day.
Banks Commerzbank and Deutsche Bank were down 0.6 percent and 1.5 percent, respectively while automaker Renault dropped 1.2 percent.
Nordex, a turbine manufacturer, declined 1.3 percent. The company has received an order from Romania to supply and install five N149/5.X turbines.
The contract also includes a premium service contract for the maintenance of the turbines over 20 years.
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Bay Street Poised For Positive Open On Metal Gains
U.S. Durable Goods Orders Unexpectedly Unchanged In August
FTSE 100 Edges Higher On Mining, Banking Strength
Canadian Dollar Falls As Crude Oil Prices Slide
