DAX Little Changed As Retail Sales Disappoint

RTTNews | Před 574 dny
DAX Little Changed As Retail Sales Disappoint

(RTTNews) - German stocks were little changed on Wednesday after data showed retail sales in the country unexpectedly fell by 1.6 percent in December, supporting expectations of a recession in Q1 and fueling bets on an ECB rate cut in April.

Germany's import prices were down 8.5 percent year-over-year in December, slightly slower than the 9.0 percent slump seen a month ago while export prices declined 2.4 percent from the previous year after falling 2.2 percent in the prior month, according to separate reports released by Destatis.

The benchmark DAX was up 11 points at 16,983 ahead of the Federal Reserve's interest-rate decision due later in the day.

In corporate news, software firm Software AG dropped half a percent after reporting a decline in preliminary revenue for the fourth quarter.

Atoss Software jumped 3.3 percent after reporting a rise in FY23 profit and revenue.

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Australian Dollar Rises On Strong Monthly CPI Data

Australian Dollar Rises On Strong Monthly CPI Data

The Australian dollar strengthened against other major currencies in the Asian session on Wednesday, following the release of Australia's consumer price inflation accelerating more than expected to a one-year high in July.
RTTNews | Před 20 minutami
Australia Inflation Accelerates To 1-Year High

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RTTNews | Před 2 h 0 min
European Economic News Preview: German GfK Consumer Confidence Due

European Economic News Preview: German GfK Consumer Confidence Due

Consumer sentiment survey data from Germany is the top economic news due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the market research group GfK publishes Germany's monthly consumer confidence survey results. The consumer sentiment indicator is forecast to fall to -22 in September from -21.5 in August.
RTTNews | Před 2 h 36 min
Australian Market Extends Early Gains In Mid-market

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The Australian stock market is extending it early gains in mid-market moves on Wednesday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving above the 8,950 level, following the broadly positive cues from Wall Street overnight, with gains across most sectors led by mining and financial stocks.
RTTNews | Před 3 h 25 min
Asian Markets Mixed In Cautious Trades

Asian Markets Mixed In Cautious Trades

Asian stock markets are trading mixed on Wednesday, following the broadly positive cues from Wall Street overnight, as traders remain cautious and seem reluctant to make significant moves 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, which could impact the outlook for interest rates.
RTTNews | Před 3 h 29 min
Mild Upside Seen For Thai Stock Market

Mild Upside Seen For Thai Stock Market

The Thai stock market on Tuesday ended the two-day winnings streak in which it had picked up almost 20 points or 1.6 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau although it figures to move back to the upside again on Wednesday.
RTTNews | Před 4 h 55 min
Japanese Market Slightly Lower

Japanese Market Slightly Lower

The Japanese stock market is slightly lower in choppy trading on Wednesday, extending the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is staying below the 42,400 level, with a mixed performance across all sectors.
RTTNews | Před 5 h 14 min