DAX Slips In Cautious Trade After Fed Minutes

RTTNews | 1014 dias atrás
DAX Slips In Cautious Trade After Fed Minutes

(RTTNews) - German stocks edged lower on Thursday as investors pondered over the Federal Reserve's December meeting minutes.

The minutes showed that Fed officials are committed to keep interest rates high through 2023 to curb "unacceptably high" inflation.

China COVID worries also weighed, with the country reporting 218,019 new weekly COVID-19 cases as of Jan. 1, according to the World Health Organization's weekly report.

The benchmark DAX slipped 29 points, or 0.2 percent, to 14,461 after climbing 2.2 percent in the previous session.

Deutsche Bank gave up 1.7 percent and Infineon Technologies fell over 1 percent while Bayer and Volkswagen were up more than 1 percent each.

On a light day on the economic front, data showed German construction activity saw little improvement towards the end of last year.

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Eurozone Industrial Production Declines

Eurozone Industrial Production Declines

Eurozone industrial production logged a monthly fall in August, reflecting the uncertainty surrounding the global trade environment. Industrial output dropped 1.2 percent month-on-month, in contrast to the 0.5 percent increase in July, Eurostat said Wednesday. However, the decline was less severe than the forecast of 1.6 percent.
RTTNews | 22 minutos atrás
FTSE 100 Drifts Lower

FTSE 100 Drifts Lower

The UK stock market is down in negative territory on Wednesday, unlike its peers Germany and France, which have moved higher thanks to a good show by stocks from the luxury sector after French major LVMH reported better-than-expected sales in the third quarter.
RTTNews | 36 minutos atrás
CAC 40 Rises Over 2% As Luxury Stocks Sparkle

CAC 40 Rises Over 2% As Luxury Stocks Sparkle

France's benchmark CAC 40 is up firmly in positive territory around early afternoon on Wednesday with luxury stocks turning in a fine performance after sector major LVMH's fairly strong sales in the third-quarter pointing to a recovery in global luxury demand.
RTTNews | 1h 2min atrás
DAX Modestly Higher In Cautious Trade

DAX Modestly Higher In Cautious Trade

After opening slightly higher and moving further up subsequently, the German market briefly fell into negative territory Wednesday morning before emerging above the flat line in cautious trade.
RTTNews | 1h 57min atrás
Euro Rises Amid Risk-on Mood

Euro Rises Amid Risk-on Mood

The euro strengthened against other major currencies in the European session on Wednesday, as European shares traded higher with French markets outperforming their regional peers, after LVMH, the owner of Louis Vuitton and Christian Dior, unexpectedly returned to sales growth in the third quarter.
RTTNews | 2h 32min atrás
Euro Rises Against Majors

Euro Rises Against Majors

The euro strengthened against other major currencies in the European session on Wednesday.
RTTNews | 2h 58min atrás
China Consumer Prices Drop More Than Forecast; PPI Continues To Fall

China Consumer Prices Drop More Than Forecast; PPI Continues To Fall

China's consumer prices declined more than expected in September on weaker domestic demand and oversupply, and producer prices remained in deflationary pressures for the 36th straight month, highlighting the persistent deflationary pressure. Consumer prices dropped 0.3 percent on a yearly basis in September, the National Bureau of Statistics reported Wednesday.
RTTNews | 3h 3min atrás