DAX Drifts Lower Again

The German stock market is notably lower Wednesday morning, extending losses from previous session, amid rising concerns about global growth and the likely impact of Sino-U.S. trade dispute.

The mood is quite cautious with investors looking ahead to the reports on consumer sentiment, activities in manufacturing and service sectors in Germany and the European Central Bank’s monetary policy, all due on Thursday.

Germany’s benchmark DAX is down 52 points, or 0.47%, at 11,038.11.

On Tuesday, the index ended down 0.41% at 11,090.11, mirroring the trend across the globe, after the International Monetary Fund cut its global growth forecast for 2019 and 2020.

Deutsche Bank shares are weak on report the U.S. Federal Reserve is probing the bank’s role in a Danske Bank money laundering scheme. Danske is reportedly under investigation for suspicious payments totaling 200 billion euros during 2007 – 2015. Deutsche Bank is alleged to have helped process the bulk of the payments. Deutsche Bank shares are currently down 1.1%, after having declined by more than 2% earlier.

Infineon is declining 1.7%, Continental, Daimler, BASF and BMW are lower by 1 to 1.4%.

Meanwhile, RWE is gaining nearly 3%, Deutsche Post is adding 1.4% and Wirecard is up 1%. E.On, Fresenius ST, Vonovia, Lufthansa and Adidas are up marginally.

Among other major markets in Europe, the U.K. is down 0.47% and France is lower by 0.28%. Switzerland’s SMI is down by about 0.21%.

DAX Drifts Lower On Global Growth Worries

German stocks moved lower on Tuesday after the IMF once again cut its global growth forecasts, citing the threat of a trade war, stalled Brexit talks and slowing Chinese growth.

The benchmark DAX was down 23 points or 0.21 percent at 11,112 in opening deals after losing 0.6 percent the previous day.

Banks paced the declines, with Commerzbank losing 2.3 percent and Deutsche Bank declining 3.2 percent.

Automakers BMW, Daimler and Volkswagen were down around half a percent.

Markets elsewhere across Asia closed mostly lower today on global growth worries while U.S. stock futures indicate a lower open as traders return to their desks after a long holiday weekend.

DAX , FTSE And CAC All Up on US Trade Talks

DAX Rallies On Trade Optimism

German stocks rose sharply on Friday as reports of progress in U.S.-China trade talks as well as stronger than expected economic data from the U.S. helped ease global growth worries.

Trade tensions eased somewhat after the Wall Street Journal said the U.S. is considering lifting tariffs on Chinese goods in an effort to calm markets and give Beijing an incentive to make deeper concessions.

The benchmark DAX was up 105 points or 0.96 percent at 11,023 in opening deals after declining 0.1 percent in the previous session.

Automakers BMW, Daimler and Volkswagen were up more than 1 percent each amid easing concerns around tariffs.

Fresenius Medical Care also rose over 1 percent. The company announced the launch of its 4008A dialysis machine, which was especially designed to meet the needs of emerging markets.

CAC 40 Up 43 Points As Trade Worries Ebb

French stocks were sharply higher on Friday as investors cheered a solid start to the U.S. corporate earnings season as well as signs of progress in U.S.-China trade talks.

There is anticipation of a thaw in the China-U.S. trade war amid reports that U.S. officials are debating lifting tariffs on Chinese imports to give Beijing a reason to make deeper concessions in ongoing trade talks.

The benchmark CAC 40 was up 43 points or 0.89 percent at 4,834 in opening deals after losing 0.3 percent on Thursday.

Automaker Renault and Peugeot rose around 1 percent amid easing concerns around tariffs.

Retailer Casino Group rallied 5.2 percent after its fourth-quarter total sales grew 5.1 percent on an organic basis and 3.6 percent on a same-store basis.

FTSE 100 Rises On Trade Deal Hopes

U.K. stocks rebounded Friday on hopes for a thaw in the U.S.-China trade conflict.

There is some progress in U.S.-China trade talks, with reports suggesting that the U.S. is considering lifting tariffs on Chinese imports to calm volatile stock markets and encourage Beijing to make concessions in ongoing trade talks.

The benchmark FTSE 100 was up 65 points or 0.95 percent at 6,899 in opening deals after closing 0.4 percent lower on Thursday.

Low-cost airline Ryanair dropped 1.4 percent after yet another profit warning while rival easyJet shed 1.7 percent.

Cyber security expert Sophos slumped 23 percent after the company reported “subdued performance” in its third quarter trading update.

Halma edged up slightly after announcing the acquisition of Business Marketers Group Inc., trading as Rath Communications.