DAX Edges Lower Ahead Of Fed Move

RTTNews | Před 1070 dny
DAX Edges Lower Ahead Of Fed Move

(RTTNews) - German stocks edged lower on Wednesday as investors monitored increased geopolitical tensions with Russia and braced for another hefty interest rate hike by the U.S. Federal Reserve.

Russian President Vladimir Putin announced the partial mobilization of his country's military, bringing geopolitical tensions to the forefront.

Analysts broadly expect a 75-bps rate hike by the Federal Reserve later in the day, but some think the U.S. central bank may go beyond this to 100 basis points.

The benchmark DAX slipped 18 points, or 0.1 percent, to 12,653 after losing 1 percent the previous day.

Energy major Uniper SE plummeted 21 percent. Germany confirmed the nationalization of the company by acquiring its shares held by Fortum Oyj, a Finnish energy company, for 1.70 euros per share.

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DAX Extending Recent Weakness

DAX Extending Recent Weakness

German stocks are down in negative territory on Tuesday, extending losses from the previous session, due to geopolitical concerns and uncertainty about tariffs.
RTTNews | Před 1 h 1 min
Sensex, Nifty Tumble On Tariff Worries

Sensex, Nifty Tumble On Tariff Worries

Indian shares tumbled on Tuesday after the Trump administration officially issued a notice regarding the imposition of an additional 25 percent tariffs on Indian imports, with the punitive duties set to kick in at 12:01 am (EST) on August 27.
RTTNews | Před 1 h 5 min
French Consumer Sentiment Weakest Since 2023

French Consumer Sentiment Weakest Since 2023

France's consumer confidence weakened to the lowest level since October 2023 largely due to the weaker outlook for standard of living and the fall in saving intentions. The consumer sentiment index edged down to 87 in August from 88 in July. This was the lowest reading since October 2023 and remained below its long-term average of 100.
RTTNews | Před 2 h 14 min
Indian Rupee Falls To More Than 4-week Low On Tariff Worries

Indian Rupee Falls To More Than 4-week Low On Tariff Worries

The Indian rupee weakened against the U.S. dollar in the Asian session on Tuesday, after the Trump administration officially issued a notice regarding the imposition of an additional 25 percent tariffs on Indian imports, with the punitive duties set to kick in at 12:01 am (EST) on August 27.
RTTNews | Před 3 h 29 min
Antipodean Currencies Fall Amid Risk-off Mood

Antipodean Currencies Fall Amid Risk-off Mood

The antipodean currencies such as the Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Tuesday, as traders looked to cash in on the recent strong gains and remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the US Fed's preferred readings on consumer price inflation.
RTTNews | Před 4 h 9 min
NZ Dollar Slides Against Majors

NZ Dollar Slides Against Majors

The New Zealand dollar weakened against other major currencies in the Asian session on Tuesday.
RTTNews | Před 5 h 17 min