News 

Germany’s Merkel strikes deal on immigration that could save governing coalition

“Germany’s Chancellor Angela Merkel reached an agreement on immigration late Monday with the Christian Social Union, led by interior minister Horst Seehofer, which could help keep intact a fragile coalition” writes Anneken Tappe for marketwatch.com. Seehofer had been critical of the chancellor’s approach to immigration and offered his resignation over the weekend. Source: marketwatch.com Share This:

Read More
News Stocks 

DAX drops 1.5% after lift in bond yields spooks Wall Street

“European bond yields have also been creeping higher” writes Markets Reporter for marketwatch.com. Investors shoved European stocks sharply lower Wednesday in the wake of a selloff on Wall Street where equities were spoked by rising bond yields and downbeat outlooks from industrial heavyweights.U.S. bond yields have been rising on expectations that inflationary pressures could prompt the Federal Reserve to ramp up the pace of rate hikes, which would increase borrowing costs for companies and consumers.Higher yields can weigh on stocks as bonds start to offer better returns than equities and…

Read More
Markets News 

DAX sinks 2.3% as Trump tariffs spark trade-war worries

“It was the lowest close for the German index since March 22 2017, according to FactSet data” writes Markets Reporter for marketwatch.com. On the national indexes, Germany’s DAX 30 index DAX, -2.27% sank 2.3% to close at 11,913.71, ending 4.6% lower for the week.The losses came after President Donald Trump said he’s imposing tariffs on steel and aluminum imports to the U.S., sparking worries that a global trade war could break out. Source: marketwatch.com Share This:

Read More
Markets News 

German stocks tumble after coalition talks pass a deadline with no agreement

“The German stock market tumbled on Monday as investors reacted to news that German Chancellor Angela Merkel’s party and the Social Democrats (SPD) failed to agree to a coalition government on Sunday” writes Holly Ellyatt for cnbc.com. Market jitters have risen over the possible outcome of talks between Merkel’s Christian alliance of Christian Democrats and Christian Social Union (CDU-CSU) and the SPD. The global market sell-off is not helping sentiment either. Source: cnbc.com Share This:

Read More
News Stocks 

DAX drops below 13,000 after Deutsche Bank logs a hefty loss

“The German bank said it would have been profitable in 2017 without an already-announced hit from the U.S. tax overhaul adopted in December” writes Markets Reporter for marketwatch.com. European stocks dropped for a fifth straight session on Friday, with the German market leading the charge south after Deutsche Bank posted a bigger-than-expected loss in the fourth quarter.A continued sharp rise in bond yields also weighed on European equities, sparking a pullout of money from stocks. Source: marketwatch.com Share This:

Read More
Markets News Stocks 

DAX drops 0.8% as European stock rally pauses

“European stocks fell Wednesday, following a five-day rally that pushed the market to its highest level in more than two years” writes Markets Reporter for marketwatch.com. Germany’s DAX 30 index DAX, -0.78%  fell 0.8% to close at 13,281.34, after dropping as much as 1% during the session.What’s driving the market: Investors took a break from bidding up European stocks after doing so over the past five sessions, the market’s longest winning streak since early November.Bank stocks outperformed other pockets of the broader market on Wednesday. Source: marketwatch.com Share This:

Read More
News 

DAX drives higher as German business, political prospects brighten

“German stocks managed to push higher even as the euro advanced to a two-month high against the U.S. dollar” writes Markets Reporter for marketwatch.com. That added to its rise on Thursday after an upbeat reading on eurozone services and manufacturing activity and a finding of higher growth in German gross domestic product. Source: marketwatch.com Share This:

Read More
News 

DAX heads for new record, as euro slide helps exporters

“The paint and specialty chemicals company posted a 13% drop in third-quarter earnings, citing industry headwinds and unfavorable foreign-exchange conditions” writes Markets Reporter for marketwatch.com. Germany’s DAX 30 index DAX, +0.73% picked up 0.3% to 13,027.29, on course for a new record closing high.European stocks gained Wednesday, as falls in the euro and the pound helped exporters and offset disappointing financial updates from companies such as Zalando.Pullbacks in those currencies can help lift shares of exporters, as they make most of their earnings overseas.Among big exporters, shares of auto makers…

Read More
News Stocks 

European stocks trade mixed as investors absorb Catalonia developments

“European stocks traded mixed on Thursday as investors continued to monitor political developments in Spain where the rift between Madrid and separatists in Catalonia deepened” writes Markets Reporter for marketwatch.com. Spain’s IBEX 35 index IBEX, +0.67%  rose 0.7% to 10,029.20, rebounding after posting its biggest loss in 15 months on Wednesday.France’s CAC 40 index PX1, +0.08%  rose 0.1% to 5,367.11, while the U.K.’s FTSE 100 UKX, +0.19%  added 0.2% to 7,479.50.The Stoxx Europe 600 index SXXP, -0.16%  was down 0.2% at 389.78, weighed by losses for drugmakers. Source: marketwatch.com Share This:

Read More