DAX Edges Higher As Bond Yields Ease

RTTNews | 676 dias atrás
DAX Edges Higher As Bond Yields Ease

(RTTNews) - German stocks edged higher on Thursday and Eurozone bond yields tumbled after data showed both headline and core inflation in the U.S. rose at a slower-than-expected pace in June, potentially bolstering the case for the Fed to stop raising rates. Hopes for China stimulus also offered some support after data showed China's exports contracted last month at their fastest pace since the onset three years ago of the COVID-19 pandemic.

The benchmark DAX was up 51 points, or 0.3 percent, at 16,074 after rallying 1.5 percent the previous day.

BASF shares fell about 1 percent. The chemical company cut its full-year outlook after preliminary net income for the second quarter of 2023 declined to 499 million euros from 2.09 billion euros in the previous year.

read more
Australia Rate Decision Due On Tuesday

Australia Rate Decision Due On Tuesday

The Reserve Bank of Australia will wrap up its monetary policy meeting on Tuesday and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The RBA is widely expected to trim its benchmark lending rate to 3.85 percent from the current 4.10 percent.
RTTNews | 44 minutos atrás
Euro Retreats Against Majors

Euro Retreats Against Majors

The euro retreated against its major counterparts in the New York session on Monday.
RTTNews | 2h 49min atrás
Swiss Market Turns Positive In Closing Minutes, Ends Slightly Up

Swiss Market Turns Positive In Closing Minutes, Ends Slightly Up

The Switzerland market closed marginally up on Monday thanks to a few stocks finding some good support in the closing hour of the session. The sentiment was weak for much of the day's session as Moody's downgraded the United States' sovereign credit rating.
RTTNews | 5h 22min atrás
Ryanair FY25 Profit Down, But Stock Climbs On Revenue And Traffic Growth, Positive Outlook

Ryanair FY25 Profit Down, But Stock Climbs On Revenue And Traffic Growth, Positive Outlook

Shares of Ryanair Holdings Plc. were gaining around 6 percent in the early morning trading on the Nasdaq after the Irish low-cost airline reported Monday higher revenues and traffic in fiscal 2025, despite delivery delays from aerospace major Boeing Co. The company marked as the first airline in European Union to carry 200 million guests in one year. Meanwhile, Ryanair recorded weak annual profit.
RTTNews | 8h 13min atrás
U.S. Leading Economic Index Slumps More Than Expected In April

U.S. Leading Economic Index Slumps More Than Expected In April

The Conference Board released a report on Monday showing its reading on leading U.S. economic indicators slumped by more than expected in the month of April. The report said the leading economic index tumbled by 1.0 percent in April after sliding by a downwardly revised 0.8 percent in March.
RTTNews | 8h 33min atrás
Eurozone Growth Outlook Downgraded; Disinflation To Proceed More Swiftly: EU

Eurozone Growth Outlook Downgraded; Disinflation To Proceed More Swiftly: EU

Eurozone economic growth outlook was downgraded substantially for 2025 due to the impact of higher trade tariffs and elevated uncertainty and disinflation would proceed more swiftly than anticipated with headline inflation set to hit the 2 percent target by the middle of this year, the European Commission said Monday.
RTTNews | 9h 41min atrás
Dollar Index Extends Gains On Trade Deal Optimism

Dollar Index Extends Gains On Trade Deal Optimism

Rising optimism surrounding trade deals between the U.S. and its trading partners, and in particular the significant easing in trade tensions between the U.S. and China bolstered the U.S. dollar during the week ended May 16.
RTTNews | 11h 6min atrás