Deutsche Post drops as FedEx pulls forecast on worsening economy

Oesterreichische Post AG

16/09/2022 07:13

** Shares in Deutsche Post  DPWGn.DE  are down 3.6% in early
Frankfurt trade after FedEx Corp  FDX.N  on Thursday withdrew
the financial forecast it issued just three months ago
    ** The New York-listed delivery firm said a global demand
slowdown accelerated at the end of August and was on pace to
worsen in the November quarter  urn:newsml:reuters.com:*:nL4N30M3FD
    ** "Clearly negative for peers," a local trader says
    ** Stock seen to bottom German blue-chip index  .GDAXI 
    ** Shares in Oesterreichische Post  POST.VI  are seen down
1.7% pre-market
    

 (Reporting by Linda Pasquini)
 ((Linda.pasquini@thomsonreuters.com))