DAX Modestly Higher In Cautious Trade

RTTNews | 554 dias atrás
Stocktwits
DAX Modestly Higher In Cautious Trade

(RTTNews) - German stocks were seeing modest gains on Monday ahead of a busy week packed with earnings, economic data releases and speeches by Federal Reserve officials.

Amid waning optimism over early Fed rate cuts, investors will scrutinize the January U.S. inflation data due on Tuesday for more clues on the Fed's rate trajectory.

The benchmark DAX was up 69 points, or 0.4 percent, at 16,995 after declining 0.2 percent on Friday.

In corporate news, Nordex SE shares jumped 6.3 percent.

The wind turbine manufacturer reported that its preliminary consolidated sales for fiscal year 2023 was 6.5 billion euros and exceeded the upper end of the forecast range of 5.6 billion euro to 6.1 billion euro.

The company reported 5.7 billion euros in the previous year.

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CAC 40 Rises 0.8% As Ukraine Peace Deal Hopes Lift Sentiment

CAC 40 Rises 0.8% As Ukraine Peace Deal Hopes Lift Sentiment

The French market is notably higher on Tuesday as investors pick up stocks amid hopes of a Russia - Ukraine peace deal after U.S. President Donald Trump described his meeting with Ukrainian President Volodymyr Zelenskyy and several other European leaders as "very good".
RTTNews | 50 minutos atrás
Home Depot Q2 Profit Down, Misses Street, But Comps Rise; Backs FY25 Outlook

Home Depot Q2 Profit Down, Misses Street, But Comps Rise; Backs FY25 Outlook

Home Depot Inc. reported Tuesday slightly lower profit in its second quarter, despite higher sales and comparable sales. Meanwhile, Adjusted earnings per share and top line missed market estimates. Further, the company maintained its outlook for fiscal 2025 earnings and sales growth.
RTTNews | 56 minutos atrás
Sensex, Nifty Extend Gains On Economic Optimism

Sensex, Nifty Extend Gains On Economic Optimism

Indian shares rose modestly on Tuesday, extending gains from the previous session amid hopes that Prime Minister Modi's recent GST reforms will potentially ease inflation and pave the way for further rate cuts by the Reserve Bank of India (RBI).
RTTNews | 1h 8min atrás
DAX Up 0.3% On Ukraine Peace Deal Hopes

DAX Up 0.3% On Ukraine Peace Deal Hopes

German stocks are gaining some ground in positive territory on Tuesday amid hopes of a peace deal between Russia and Ukraine, after U.S. President Donald Trump said his recent meeting with Ukrainian President Volodymyr Zelenskyy and other European leaders progressed well.
RTTNews | 1h 20min atrás
Asian Shares Retreat As Investors Watch Ukraine Talks

Asian Shares Retreat As Investors Watch Ukraine Talks

Asian stocks ended mostly lower on Tuesday as investors awaited keynote speeches from top central bankers, including Fed Chair Jerome Powell for signals on the path of interest rates.
RTTNews | 2h 42min atrás
Australian Dollar Falls Despite Upbeat Consumer Sentiment Data

Australian Dollar Falls Despite Upbeat Consumer Sentiment Data

The Australian dollar weakened against other major currencies in the Asian session on Tuesday, despite Australia's consumer confidence improving to a three-and-a-half year high in August as the central bank is expected to lower interest rates further after a third reduction this year. Data from Westpac-Melbourne Institute showed that consumer sentiment index rose to 98.5 in August from 93.1 in July. The improvement followed a further reduction in interest rates by the Reserve Bank of Australia. With the latest 25 basis points cut, interest rates dropped by 75 basis points since the start of the year.
RTTNews | 3h 14min atrás
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