DAX Slips On Weak Data
(RTTNews) - German stocks declined on Wednesday after data showed German industrial output rose less than expected in April.
Industrial production in the eurozone's largest economy rose 0.3 percent on the previous month, missing forecasts for a 0.6 percent rise.
Disappointing trade data from China and hawkish ECB comments also weighed on sentiment, heading into next week's Fed and ECB meetings.
The benchmark DAX was down 51 points, or 0.3 percent, at 15,941 after closing 0.2 percent higher in the previous session.
Banks Commerzbank and Deutsche Bank were seeing modest losses.
Automakers BMW and Volkswagen were down around 1 percent each.
Stratec SE advanced 1.6 percent. The company further expanded its presence in the United States by acquiring Natech Plastics.
U.S. Dollar Slips As Focus Shifts To Upcoming Trump's Meet With GCC Leaders
Canadian Stocks Turning In Mixed Performance In Cautious Trade
Swiss Market Ends On Weak Note
European Stocks Fall As Central Bank Signals Weigh On Sentiment
U.S. Leading Economic Index Unexpectedly Edges Lower In August
U.S. Industrial Production Unexpectedly Flat In August
UK Retail Sales Recover Unexpectedly
