DAX Little Changed Ahead Of ECB Meeting

RTTNews | Před 544 dny
DAX Little Changed Ahead Of ECB Meeting

(RTTNews) - German stocks were subdued on Monday, heading into the European Central Bank meeting this week that could see communication changes.

The benchmark DAX was marginally lower at 17,726 after gaining 0.3 percent on Friday. In corporate news, chemicals firm Evonik added 1.4 percent after an announcement that it would cut up to 2,000 jobs globally by 2026 in order to reduce costs.

Henkel was marginally lower after the chemical and consumer goods company warned of slower sales growth this year.

Delivery Hero shares soared 5.6 percent. The online food ordering and delivery company has launched a finance transaction that will amend and extend its 1.1-billion-euro equivalent term facilities and raise around 500-million-euro equivalent term facility.

Rheinmetall gained 1.2 percent. The company said it has won an order to supply a European member of NATO with multiple rocket launcher ammunition.

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German Inflation Accelerates To 2.2% In August

German Inflation Accelerates To 2.2% In August

Consumer price inflation in Germany climbed in August to its highest level in five months, while the core figure was steady amid an acceleration in food price growth, and weakened chances for further easing from the European Central Bank in the near term.
RTTNews | Před 22 h 52 min
Swiss Market Ends Modestly Lower

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.
RTTNews | Před 1 dnem
European Stocks Close Lower On Geopolitical Tensions

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.
RTTNews | Před 1 dnem
Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
RTTNews | Před 1 dnem
U.S. Consumer Prices Increase In Line With Estimates In July

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
RTTNews | Před 1 dnem