DAX
Germany’s Merz fails to be elected chancellor in shock first-round parliamentary vote
Friedrich Merz, designated Federal Chancellor (CDU), is pictured during the signing of the coalition agreement between the SPD, CDU, and CSU on May 05, 2025 in Berlin, Germany. Florian Gaertner | Photothek | Getty Images Friedrich Merz failed to get the majority needed to become German chancellor in a parliamentary vote Tuesday. Merz needed at […]
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European markets set to open higher as Wall Street notches three-day win streak
U.K. retail sales better than expected U.K. retail sales volumes rose for the third consecutive month in March by 0.4%, beating gloomy expectations of a 0.3% decline. Clothing and outdoor retailers said that good weather had boosted sales, according to the Office for National Statistics, offsetting a decline in supermarket sales. However, some economists expect […]
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European stocks edge lower as relief rally stalls; Gucci owner Kering falls 4%
Delivery Hero shares fall despite ‘solid’ first-quarter results Delivery Hero reported “solid” first-quarter results, showing 5% growth in ecommerce sales. The company said gross merchandise value, its preferred measure looking at the total value of goods sold, rose to 12.37 billion euros ($14.08 billion) in the first quarter, slightly undershooting investors expectations of 12.38 billion […]
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European markets open lower as global trade concerns mount
European markets returned from the long Easter weekend on a negative note, amid continuing jitters around the U.S. economy and global trade. The pan-European Stoxx 600 index was 0.5% lower by 8:27 a.m. in London, with most sectors and all major bourses in negative territory. Tech stocks led regional losses, with the Stoxx Europe Technology […]
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Europe markets open lower ahead of ECB decision; Siemens Energy jumps 12% on upgraded forecast
Hermès sales rise but narrowly miss analyst expectations A Hermes Birkin bag in a window display at a KaDeWe department store in Berlin, Germany, on Friday, Jan. 3, 2025. Bloomberg | Bloomberg | Getty Images Luxury group Hermès reported higher revenue as U.S. sales grew strongly in the first quarter, though slightly missed analyst expectations. […]
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