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DAX Dips Ahead Of US Inflation Data
(RTTNews) - German stocks declined in cautious trade on Tuesday as investors awaited U.S. inflation data that could provide an updated view on the Federal Reserve's policy path.
Meanwhile, data from the federal statistics office showed earlier today that Germany wholesale prices continued their downward trend for a fifth consecutive month in August due to lower prices for mineral oil products.
Wholesale prices fell 2.7 percent compared to the same month last year. The benchmark DAX was down 66 points, or 0.4 percent, at 15,734 after rising 0.4 percent on Monday.
Business software maker SAP declined 2.1 percent after U.S. peer Oracle fell short on license and hardware revenue in the fiscal first quarter.
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Euro Slides On Downbeat German Economic Sentiment Data
The euro weakened against other major currencies in the European session on Tuesday, after German economic confidence deteriorated sharply in August due to disappointing EU-US trade deal.
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Před 14 minutami
CAC 40 Up Marginally In Cautious Trade
The French market is slightly higher on Tuesday with stocks turning in a mixed performance as investors weigh the potential impact of tariffs. The decision of the U.S. government to extend its pause on higher tariffs for Chinese goods until November 10 is aiding sentiment a bit.
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Před 22 minutami
Sensex, Nifty End Lower With Banks Under Pressure
Indian shares ended Tuesday's session lower due to ongoing trade concerns and renewed foreign fund outflows.
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Před 30 minutami
Pound Rises On Upbeat U.K. Employment Data
The British pound strengthened against other major currencies in the European session on Tuesday, following the release of the upbeat United Kingdom (UK) labor market data for the three-months ending June.
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Před 43 minutami
DAX Retreats After Positive Start, Down 0.3%
Despite opening on a positive note amid easing trade tensions, the German market is down in negative territory Tuesday afternoon, with investors turning cautious, looking ahead to U.S. consumer price inflation data due later in the day. Weak economic sentiment reading is also weighing on sentiment.
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Před 56 minutami
Pound Rises Against Majors
The British pound strengthened against other major currencies in the European session on Tuesday.
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Před 1 h 3 min
Australia Trims Key Interest Rate For Third Time This Year; Cuts Growth Outlook
The Reserve Bank of Australia reduced its benchmark interest rate by a quarter-point for the third time this year as underlying inflation continued to moderate, while economic growth outlook was lowered due to weaker-than-expected recovery in public demand. The board decided to trim the cash rate target by 25 basis points to 3.60 percent. The decision was unanimous.
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Před 1 h 17 min
European Shares Mostly Higher In Cautious Trade; Pound Climbs On Jobs Data
European stocks were broadly higher on Tuesday as the U.S. extended its pause on higher tariffs for Chinese goods until November 10, averting an immediate escalation in the trade war.
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Před 1 h 37 min
