DAX Rallies On Optimism Fed Is Done With Rate Hikes

RTTNews | Před 577 dny
Stocktwits
DAX Rallies On Optimism Fed Is Done With Rate Hikes

(RTTNews) - German stocks rallied on Thursday after the U.S. Federal Reserve left interest rates unchanged and hinted at halting further interest rate hikes.

The benchmark DAX was up 85 points, or 1.2 percent, at 7,018 after gaining 0.8 percent the previous day.

Online fashion retailer Zalando rose 1.1 percent after narrowing its Q3 net loss. Fresenius Medical Care rose about half a percent after raising its FY operating income outlook. Hugo Boss jumped 4 percent. The fashion house confirmed its FY23 outlook after delivering Q3 sales in line with expectations.

Airline Lufthansa surged 6.4 percent after reporting higher Q3 profit and confirming the outlook for FY23 and FY24.

Klockner added 1.5 percent. The steel and metal distributing company said its U.S. subsidiary Kloeckner Metals Corp has agreed to acquire Industrial Manufacturing Services for an undisclosed amount.

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TSX Settles Lower As Trade Tensions Resurface

TSX Settles Lower As Trade Tensions Resurface

Despite hitting record highs earlier in the week, the Canadian market ended weak for a second straight day as trade tensions weighed on sentiment, prompting investors to tread cautiously on Friday.
RTTNews | Před 1 dnem
Crude Oil Prices Slip On Friday

Crude Oil Prices Slip On Friday

Crude suffered a weekly loss of more than 1 percent due to uncertainty over U.S. President Donald Trump's tariffs and their likely impact on global growth and fuel demand.
RTTNews | Před 1 dnem
Pound Drops As Trade Tensions Renew

Pound Drops As Trade Tensions Renew

The pound fell against its major counterparts in the New York session on Friday, as trade tensions escalated after the U.S. President accused China of violating trade agreement reached earlier this month.
RTTNews | Před 1 dnem
Swiss Market Ends Modestly Higher

Swiss Market Ends Modestly Higher

Save for a few minutes at the start when it stayed a bit weak, the Switzerland market remained positive on Friday, and despite coming off the day's high hit around noon, ended the session modestly higher.
RTTNews | Před 1 dnem
Major European Markets Close Slightly Higher

Major European Markets Close Slightly Higher

Despite uncertainty surrounding Trump administration's tariff plans, The major European markets mostly closed higher on Friday. Trade tensions escalated after the U.S. President accused China of violating trade agreement reached earlier this month, but investors picked up stocks amid expectations of an interest rate cut by the European Central Bank.
RTTNews | Před 1 dnem
U.S. Stocks Broadly Lower In Cautious Trade

U.S. Stocks Broadly Lower In Cautious Trade

U.S. stocks are turning in a weak performance on Friday amid renewed concerns over trade tensions, and a batch of mixed economic data. The major averages all are down in negative territory, with the tech-laden Nasdaq underperforming.
RTTNews | Před 1 dnem
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