DAX Slips In Cautious Trade After Fed Rate Decision

RTTNews | 503 dias atrás
DAX Slips In Cautious Trade After Fed Rate Decision

(RTTNews) - German stocks were subdued on Thursday after the Federal Reserve signaled that it is poised to keep interest rates higher for longer.

Investors ignored the results of a survey, which showed Germany's manufacturing PMI hit a two-month high of 42.5 in April, up from March's 41.9.

The benchmark DAX was down 6 points at 17,925 as trading resumed after the May Day holiday.

In corporate news, fashion retailer Hugo Boss tumbled 3.7 percent despite first-quarter profit coming in above expectations and the company guiding for growth over the year ahead.

Nordex dropped 1 percent despite news that it has received a 148MW turbine order for an undisclosed wind project in California.

Rational AG declined 1.6 percent. The maker of kitchen equipment confirmed its forecast for the full year after reporting an increase in net earnings for the first-quarter, reflecting a rise in sales.

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UK Inflation Unchanged At 3.8%

UK Inflation Unchanged At 3.8%

U.K. consumer price inflation remained sticky in August on higher food prices, official data showed Wednesday, ahead of the policy announcement by the Bank of England on Thursday. The consumer price index rose 3.8 percent on a yearly basis in August, the same rate of increase as seen in July, the Office for National Statistics reported. Inflation matched economists' expectations and stood well ab
RTTNews | 38 minutos atrás
U.S. Housing Starts Plunge 8.5% In August, Much More Than Expected

U.S. Housing Starts Plunge 8.5% In August, Much More Than Expected

After reporting significant increases in new residential construction in the U.S. over the two previous months, the Commerce Department released a report on Wednesday showing housing starts pulled back by much more than expected in the month of August.
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Bank Indonesia Cuts Rate Unexpectedly

Bank Indonesia Cuts Rate Unexpectedly

Indonesia's central bank reduced its key interest rate unexpectedly to the lowest level since 2022 to stimulate economic growth and also raised expectations for more reductions. The Bank Indonesia board, governed by Perry Warjiyo, decided to cut the BI rate by 25 basis points to 4.75 percent. Markets anticipated the central bank to hold the rate this time amid political unrest.
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FTSE 100 Modestly Higher In Cautious Trade

FTSE 100 Modestly Higher In Cautious Trade

UK stocks are up in positive territory a little past noon on Wednesday with investors digesting the nation's inflation data and looking ahead to the Federal Reserve's rate decision, due on Wednesday, and the Bank of England's policy announcement due later today.
RTTNews | 2h 20min atrás
CAC 40 Modestly Lower In Cautious Trade

CAC 40 Modestly Lower In Cautious Trade

French stocks are down in negative territory Wednesday afternoon with investors making cautious moves, looking ahead to the Federal Reserve's monetary policy announcement, due later in the day.
RTTNews | 2h 39min atrás
DAX Pares Early Gains, Down Slightly

DAX Pares Early Gains, Down Slightly

After opening on a firm note and staying quite positive till around mid morning, the German market gave up gains and was down slightly a little past noon on Wednesday, as investors focus on the Federal Reserve's interest rate decision, due later in the day.
RTTNews | 2h 55min atrás