14.06.2024 10:57:27 - dpa-AFX: DAX Drifts Lower Amid EU Uncertainty; Banks Lead Losses

BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - German stocks traded lower on Friday
amid uncertainty over China's response to EU tariffs on Chinese electric
vehicles.

The shift of the EU Parliament to the right also raised questions about the
future of enlargement, defense and the economy.

French Finance Minister Bruno Le Maire has warned that a new left-wing coalition
coming to power in France would lead to the country's exit from the European
Union.

The benchmark DAX was down 100 points, or 0.6 percent, at 18,165 after tumbling
2 percent in the previous session.

Technology stocks traded lower, with Infineon Technologies falling 1.5 percent.

Automakers BMW, Mercedes Benz and Volkswagen were flat to slightly lower while
lender Commerzbank tumbled 3.2 percent and Deutsche Bank declined 1.3 percent.



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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
CAC 40 969400 Paris 7.615,78 18.06.24 15:48:45 +44,21 +0,58% - - 7.636,69 7.571,57
FTSE 100 969378 Financial Times SE 8.192,80 18.06.24 15:48:56 +50,65 +0,62% - - 8.142,15 -
DAX ® 846900 Xetra 18.106,12 18.06.24 15:48:55 +37,91 +0,21% - - 18.073,44 18.068,21
E-STOXX 50 ® 965814 STOXX Ltd. 4.905,26 18.06.24 15:48:30 +24,84 +0,51% 0,000 - 4.898,33 4.880,42

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