DAX Dips As Yields Surge Ahead Of Powell's Speech

RTTNews | Před 790 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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UK Inflation Eases To 3.2%

UK Inflation Eases To 3.2%

UK inflation slowed more than expected in November, strengthening the call for an interest rate reduction this week, official data revealed on Wednesday. The consumer price index rose 3.2 percent year-on-year, slower than the 3.6 percent increase in October, the Office for National Statistics said. Inflation was forecast to ease marginally to 3.5 percent.
RTTNews | Před 3 h 3 min
FTSE 100 Rises Sharply As Soft Inflation Data Raises Rate Cut Bets

FTSE 100 Rises Sharply As Soft Inflation Data Raises Rate Cut Bets

U.K. market's benchmark index FTSE 100 climbed up sharply on Wednesday as data showing cooler than expected consumer price inflation in the month of November raised expectations the Bank of England will announce an interest rate cut on Thursday.
RTTNews | Před 3 h 37 min
CAC 40 Modestly Lower In Cautious Trade

CAC 40 Modestly Lower In Cautious Trade

The French stock market gained some ground in positive territory Wednesday morning, supported by gains in the financials sector. However, with investors looking for directional clues, the mood turned a bit cautious subsequently and the market slipped into negative territory.
RTTNews | Před 3 h 59 min
DAX Pares Early Gains, Down Marginally As Auto Stocks Lose Ground

DAX Pares Early Gains, Down Marginally As Auto Stocks Lose Ground

After opening on a firm note and edging up a bit, Germany's DAX slipped into negative territory on Wednesday as investors turned cautious, digesting the latest batch of economic data from the region, and looking ahead to fresh data later in the week.
RTTNews | Před 4 h 15 min
German Ifo Business Sentiment At 7-Month Low

German Ifo Business Sentiment At 7-Month Low

German business confidence deteriorated to a seven-month low in December as companies were more pessimistic about the first half of next year, survey data from the Munich-based ifo Institute showed on Wednesday. The business climate index dropped to 87.6 in December from 88.0 in November. The score was expected to rise to 88.2.
RTTNews | Před 4 h 20 min
Pound Falls On Soft U.K. CPI Data

Pound Falls On Soft U.K. CPI Data

The British pound weakened against other major currencies in the European session on Wednesday, after U.K. inflation slowed more than expected in November.
RTTNews | Před 5 h 27 min
Indian Shares Extend Losses For Third Day

Indian Shares Extend Losses For Third Day

Indian shares ended lower for a third consecutive session on Wednesday after overnight data indicated a continued cooling in the U.S. labor market.
RTTNews | Před 5 h 48 min