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DAX Gives Up Early Gains Ahead Of Inflation Data
(RTTNews) - German stocks were seeing marginal gains on Tuesday ahead of eurozone manufacturing and German inflation data, due out later in the day.
Investors shrugged off separate data showing that German manufacturing activity contracted at a more marked pace in March.
The benchmark DAX was marginally higher at 18,503, giving up some early gains.
In corporate news, CTS Eventim AG, a provider of ticketing services and live entertainment, added 1.5 percent after it signed a put option deal with French media and entertainment firm Vivendi SA on the sale of Vivendi's festival and See Tickets' international ticketing activities.
The financial terms of the transaction, expected to be completed in the coming months, are not known.
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U.S. Dollar Advances After Fed Decision
The U.S. dollar climbed against its major counterparts in the New York session on Wednesday, as the Federal Reserve cut its key interest rate and projected two more reductions for this year.
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Před 1 h 3 min
Fed Cuts Rates By Quarter Point, Forecasts Two More Rate Cuts This Year
In a widely expected move, the Federal Reserve on Wednesday announced that it has decided to lower interest rates by a quarter point, marking the first rate cut of 2025. The Fed said it decided to lower the target range for the federal funds rate by 25 basis points to 4.0 percent to 4.25 percent, citing a shift in the balance of risks.
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Před 5 h 2 min
Swiss Market Ends Marginally Down
After a weak start and a subsequent long spell in negative territory, the Switzerland market briefly moved above the flat line in late afternoon trade on Wednesday, but failed to sustain momentum and settled marginally down with a few frontline stocks turning weak again.
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Před 5 h 29 min
European Markets Close Mixed After Cautious Session
European stocks turned in a mixed performance on Wednesday with investors digesting regional economic data, and awaiting the Federal Reserve's monetary policy announcement due later in the day.
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Před 5 h 58 min
Canadian Market Modestly Higher At Noon; BoC Lowers Interest Rate
Canadian stocks are up in positive territory around noon on Wednesday with investors reacting to the Bank of Canada's decision to cut interest rates by 25 basis points. The recent weak labor market data and economic slowdown have raised prospects of further easing by the Canadian central bank.
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Před 7 h 24 min
Bank Of Canada Lowers Interest Rates By A Quarter Point
After leaving interest rates unchanged for three straight meetings, the Bank of Canada on Wednesday announced its widely expected decision to lower rates by a quarter point. The Bank of Canada said it decided to reduce its target for the overnight rate by 25 basis points to 2.5 percent, with the Bank Rate at 2.75 percent and the deposit rate at 2.45 percent.
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Před 8 h 6 min
U.S. Housing Starts Pull Back Much More Than Expected In August
After reporting significant increases in new residential construction in the U.S. over the two previous months, the Commerce Department released a report on Wednesday showing housing starts pulled back by much more than expected in the month of August. The Commerce Department said housing starts plummeted by 8.5 percent to an annual rate of 1.307 million in August.
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Před 9 h 6 min
UK Inflation Unchanged At 3.8%
U.K. consumer price inflation remained sticky in August on higher food prices, official data showed Wednesday, ahead of the policy announcement by the Bank of England on Thursday. The consumer price index rose 3.8 percent on a yearly basis in August, the same rate of increase as seen in July, the Office for National Statistics reported. Inflation matched economists' expectations and stood well ab
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Před 10 h 17 min
