DAX Edges Lower Ahead Of Economic Sentiment Data

RTTNews | Před 624 dny
DAX Edges Lower Ahead Of Economic Sentiment Data

(RTTNews) - German stocks traded lower on Tuesday ahead of German and eurozone ZEW economic sentiment data, and key U.S. consumer price inflation data that could provide additional clarity on the Federal Reserve's rate trajectory.

The benchmark DAX was down 99 points, or 0.6 percent, at 16,937 after climbing 0.7 percent on Monday.

In corporate news, travel operator TUI Group rose 1.3 percent after it reported a narrower loss for the first quarter, amidst an increase in revenue on higher demand at improved prices and rates. In addition, the company has reaffirmed its full-year guidance.

Thyssenkrupp Nucera gained 1.4 percent. The hydrogen company said its first-quarter sales rose by more than a third due to rising demand for its electrolyser technology.

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U.S. Pending Home Sales Unexpectedly Unchanged In September

U.S. Pending Home Sales Unexpectedly Unchanged In September

After reporting a sharp increase by pending home sales in the U.S. in the previous month, the National Association of Realtors released a report on Wednesday showing pending home sales unexpectedly came in flat in the month of September. NAR said its pending homes sales index was unchanged at 74.8 in September after surging by 4.2 percent in August.
RTTNews | Před 19 minutami
Bank Of Canada Cuts Interest Rates By Another Quarter Point

Bank Of Canada Cuts Interest Rates By Another Quarter Point

The Bank of Canada on Wednesday announced its widely expected decision to lower interest rates once again, cutting rates by a quarter point for the second consecutive meeting. The Canadian central bank said it reduced its target for the overnight rate by 25 basis points to 2.25 percent, with the Bank Rate at 2.5 percent and the deposit rate at 2.20 percent.
RTTNews | Před 21 minutami
Bay Street Likely To Open Higher; BoC, Fed Rate Announcements Eyed

Bay Street Likely To Open Higher; BoC, Fed Rate Announcements Eyed

Canadian stocks are likely to open on a positive note on Wednesday, tracking firm oil and metal prices. Expectations of interest rate cuts by the Bank of Canada and the Federal Reserve may also contribute to a steady open on Bay Street.
RTTNews | Před 1 h 58 min
FTSE 100 Advances As Miners, Pharma Stocks Rally

FTSE 100 Advances As Miners, Pharma Stocks Rally

The U.K. market is up firmly in positive territory on Wednesday, led by gains in mining and pharmaceutical sectors, thanks to a rebound in metal prices and stronger than expected earnings from drug major GSK.
RTTNews | Před 2 h 36 min
Pound Slides Amid UK Fiscal Concerns

Pound Slides Amid UK Fiscal Concerns

The British pound weakened against other major currencies in the European session on Wednesday, as investors expect that UK Chancellor of the Exchequer Rachel Reeves will have to make tough decisions over where to raise taxes and reduce spending in the approaching Autumn Budget.
RTTNews | Před 3 h 6 min
CAC 40 Flat In Cautious Trade Ahead Of Fed Rate Decision

CAC 40 Flat In Cautious Trade Ahead Of Fed Rate Decision

French stocks are mostly subdued Wednesday morning with investors largely refraining from making significant moves while awaiting the Federal Reserve's monetary policy announcement later in the day, and looking ahead to the European Central Bank's rate decision and the meeting of U.S. President Donald Trump and his Chinese counterpart Xi Jinping on Thursday.
RTTNews | Před 3 h 27 min
DAX Moves In Tight Range; Earnings, Fed Policy Announcement In Focus

DAX Moves In Tight Range; Earnings, Fed Policy Announcement In Focus

German stocks are turning in a mixed performance on Wednesday with investors mostly reacting to corporate earnings announcements and awaiting the Federal Reserve's interest rate decision due later in the day. The European Central Bank is scheduled to announce its monetary policy on Thursday.
RTTNews | Před 4 h 27 min