DAX Dips As Yields Surge Ahead Of Powell's Speech

RTTNews | Před 680 dny
DAX Dips As Yields Surge Ahead Of Powell's Speech

(RTTNews) - German stocks traded lower on Thursday as investors fretted about rising geopolitical tensions in the Middle East and the outlook for interest rates.

U.S. Treasury yields jumped to multi-year highs ahead of Fed Chair Jerome Powell's speech later in the day.

The benchmark DAX was down 48 points, or 0.3 percent, at 15,046 after closing 1 percent lower the previous day.

Infineon Technologies AG fell 2.2 percent. The semiconductor company has appointed Elke Reichart as its new Chief Digital Transformation Officer, effective November 1.

Merck KGaA jumped nearly 5 percent. The science and technology major said it expects to return to growth during fiscal 2024, and continued growth also beyond 2025.

Biopharmaceutical firm Sartorius surged 5.5 percent after unveiling financial results for the first nine months of the year.

Frankfurt-listed shares of Tesla were down 4.8 percent after CEO Elon Musk sounded a pessimistic note about the economy on an earnings call.

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German Inflation Accelerates To 2.2% In August

German Inflation Accelerates To 2.2% In August

Consumer price inflation in Germany climbed in August to its highest level in five months, while the core figure was steady amid an acceleration in food price growth, and weakened chances for further easing from the European Central Bank in the near term.
RTTNews | Před 8 h 18 min
Swiss Market Ends Modestly Lower

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.
RTTNews | Před 11 h 8 min
European Stocks Close Lower On Geopolitical Tensions

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.
RTTNews | Před 11 h 36 min
Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
RTTNews | Před 14 h 40 min
U.S. Consumer Prices Increase In Line With Estimates In July

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
RTTNews | Před 15 h 23 min