Stocks

DAX Drifts Lower On Global Growth Worries

An image of a person going over a financial report
Credit: Shutterstock photo

(RTTNews.com) - 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.

Read the original article on RTTNews (http://www.rttnews.com/2971239/dax-drifts-lower-on-global-growth-worries.aspx)

For comments and feedback: contact editorial@rttnews.com


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

BMWYY

Other Topics

Banking