Weak U.S. Market Cues and Profit Warnings Push DAX Sharply Lower – Bayer Gains on Upgraded Outlook – Daimler Truck and Cancom Under Heavy Pressure After Guidance Cuts – Amazon Disappoints on Cloud Growth – AppFolio and Reddit Rally Sharply After Earnings!
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After the DAX opened trading with losses of more than -1.2% following weak cues from U.S. benchmark indices, Germany’s leading index had to extend its losses during the session and is currently down -1.68%, clearly in negative territory . In addition to the ongoing tariff dispute and disappointing earnings from several U.S. Big Tech firms like Amazon, numerous profit warnings at the start of trading — as seen over recent sessions — further weighed on sentiment. Truck manufacturer Daimler Truck (-5.60%) slashed its annual forecast the previous...
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