DAX Edges Higher In Cautious Trade

RTTNews | Před 883 dny
DAX Edges Higher In Cautious Trade

(RTTNews) - German stocks edged higher on Thursday, as investors awaited U.S. inflation data for December later in the day that might show price pressures eased from the previous month. Investors remain optimistic that cooling inflation will lead to an end to Fed rate hikes this year.

At the same time, a higher-than-expected reading would force the Federal Reserve to keep raising interest rates at a sharp clip.

Boston Federal Reserve bank leader Susan Collins remarked to the New York Times that she was in favor of raising interest rates to just above 5 percent this year.

The benchmark DAX was up 34 points, or 0.2 percent, at 14,981 after climbing 1.2 percent in the previous session.

Sugar producer Suedzucker AG rose half a percent after it reported higher nine-month results, and confirmed its fiscal 2023 outlook.

read more
Geopolitical Tensions Drag Down CAC 40

Geopolitical Tensions Drag Down CAC 40

An escalation in geopolitical tensions in the Middle East triggered by the Israel-Iran conflict weighed on market sentiment dragging down the CAC 40. Concerns about the trade dispute between the U.S. also weighed on sentiment.
RTTNews | Před 47 minutami
Adobe Lifts FY25 Outlook After Higher Q2; But Stock Down

Adobe Lifts FY25 Outlook After Higher Q2; But Stock Down

Software major Adobe Inc. issued third-quarter outlook and raised its fiscal 2025 earnings and revenue targets after reporting higher second-quarter profit, above market estimates, amid strong growth in the adoption of AI-powered and creative solutions. Meanwhile, the shares were down nearly 2 in the extended trading on Thursday, and are currently losing in the pre-market activity on the NYSE.
RTTNews | Před 1 h 23 min
Sensex, Nifty Follow Global Peers Lower Amid Middle East Tensions

Sensex, Nifty Follow Global Peers Lower Amid Middle East Tensions

Indian shares fell sharply on Friday, tracking weak cues from global markets after Israel launched strikes against Iran, targeting nuclear facilities and ballistic missile factories as part of efforts "to damage Iran's nuclear infrastructure, its ballistic missile factories and military capabilities."
RTTNews | Před 1 h 37 min
Eurozone Industrial Output Falls For First Time In Four Months

Eurozone Industrial Output Falls For First Time In Four Months

Eurozone industrial production declined for the first time in four months in April as the positive impulse from frontloading of orders from the US faded, official data revealed Friday. Industrial output registered a monthly fall of 2.4 percent in April, offsetting March's 2.4 percent increase, Eurostat said. Production was forecast to drop 1.6 percent.
RTTNews | Před 2 h 9 min
DAX Drops Amid Middle East Tensions

DAX Drops Amid Middle East Tensions

The DAX index that tracks the performance of the 40 largest companies listed on the Frankfurt Stock Exchange slipped more than a percent on Friday as the sharp escalation in the Middle East conflict rattled global markets.
RTTNews | Před 2 h 27 min
Antipodean Currencies Slide Amid Risk-off Mood; Safe-haven CHF, JPY Rises

Antipodean Currencies Slide Amid Risk-off Mood; Safe-haven CHF, JPY Rises

The antipodean currencies such as the Australia and the New Zealand dollars strengthened against their major currencies in the Asian session on Friday, amid heightening geopolitical tensions in the Middle East region after Israel launched a preemptive strike against Iran in a major escalation of the regional conflict. U.S. officials confirmed that the U.S. had no involvement or role in the operation. Tensions between the U.S. and Iran are also rising over the latter's nuclear developments.
RTTNews | Před 4 h 19 min