DAX Pares Early Gains, Down Slightly

RTTNews | Před 12 h 20 min

(RTTNews) - After opening on a firm note and staying quite positive till around mid morning, the German market gave up gains and was down slightly a little past noon on Wednesday, as investors focus on the Federal Reserve's interest rate decision, due later in the day.

The Fed is widely expected to cut interest rates by 25 basis points. Investors are also digesting Eurozone inflation data.

The benchmark DAX, which climbed to 23,476.41 earlier in the session, was down 7.56 points or 0.03% at 23,316.91 a little while ago.

SAP is gaining about 2.7% after Jefferies maintained 'buy' rating for the stock.

Rheinmetall is rising 1.8%. Fresenius Medical Care is up by about 1.5%, while RWE, MTU Aero Engines and Merck are up 1 to 1.2%.

German wind turbine maker Nordex rallied 2.7 percent after receiving its first order from Ecuador.

Symrise, Volkswagen, Mercedes-Benz, Commerzbank, Siemens Healthineers, Zalando, Siemens, BASF and Deutsche Bank are down 0.6 to 1.2%.

Final data from Eurostat showed Eurozone consumer prices rose slightly less than initially estimated in August, final data published by Eurostat showed on Wednesday.

Consumer prices advanced 2% year-on-year, unchanged from the July's rate. However, the figure was revised down from 2.1% estimated on September 2.

Excluding prices of energy, food, alcohol and tobacco, core inflation remained unchanged at 2.3%. The rate also matched the preliminary estimate.

The harmonized index of consumer prices posted a monthly growth of 0.1%, which was revised down from 0.2% estimated previously.

Further, data showed that inflation in the EU27 also held steady at 2.4% in August.

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.

RTTNews | Před 48 minutami

Fed Cuts Rates By Quarter Point, Forecasts Two More Rate Cuts This Year

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RTTNews | Před 4 h 47 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.

RTTNews | Před 5 h 14 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.

RTTNews | Před 5 h 43 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.

RTTNews | Před 7 h 9 min

Bank Of Canada Lowers Interest Rates By A Quarter Point

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RTTNews | Před 7 h 51 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.

RTTNews | Před 8 h 51 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

RTTNews | Před 10 h 2 min

EURUSD	1.18233	GBPUSD	1.36304	AUDUSD	0.66554
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