Stocks in Germany are on the decline in afternoon trading Tuesday, led by banks and car makers. Sentiment was impacted by global economic worries and weak cues from Asia/Pacific.
Crude for October delivery is sliding $0.92 per barrel at $73.78 and gold is adding $7 an ounce at $1245.
In economic news, Germany's unemployment rate remained at 7.6% in August, matching economists' expectations, data from Federal Labor Agency showed. There were 17,000 fewer unemployed in Germany in August compared to July. Economists were expecting a fall of 20,000. In July, unemployment decreased by 21,000.
Mortgage lending in the U.K. fell markedly in July even as the number of mortgages approved rose slightly from June. The Bank of England said net lending secured on dwellings increased GBP 0.1 billion, well below the June increase of GBP 0.5 billion. A total of 48,722 mortgages were approved during July, up from the 48,562 approved in June.
The euro area's unemployment rate remained unchanged at 10% in July, in line with expectations, official figures revealed. Eurostat said 15.8 million people were registered unemployed in the eurozone, with the number of unemployed decreasing by 8,000 compared to the previous month.
The DAX opened below the unchanged line at 5,846 and has remained in negative territory. The index is currently declining 1%.
Chip maker Infineon Technologies is continuing the previous session's fall, declining 3.21%. HeidelbergCement is slipping 2.2% and K+S is sliding 2.05%.
Lenders Commerzbank and Deutsche Bank are contracting 1.9% each.
Among car manufacturers, Daimler is sliding 1.4%, Volkswagen is slipping 0.9% and Bayerische Motoren Werke is down 0.14%. However, truck maker MAN is adding 0.23%.
Chemical firm Bayer is gaining 1.85%.
Elsewhere in Europe, the UK's FTSE 100 is declining 1.03% and the French CAC 40 is retreating 1.23%.
Across Asia/Pacific, most major markets ended in negative territory. Australia's All ordinaries lost 0.99%, China's Shanghai Composite Index declined 0.52%, Japan's Nikkei 225 plunged 3.55% and India's BSE Sensex slipped 0.34%.
The U.S. futures indicate a lower open on Wall Street. In the previous session, the Dow plunged 1.4%, the Nasdaq declined 1.6% and the S&P 500 lost 1.5%.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.