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DAX Slips On Hawkish Fed
(RTTNews) - German stocks traded lower on Friday after Federal Reserve Chair Jerome Powell said the U.S. central bank might raise rates again if deemed appropriate.
A jump in U.S. bond yields following a weak Treasury auction also dented rate cut hopes. The benchmark DAX was down 70 points, or half a percent, at 15,282 after rising 0.8 percent in the previous session.
IT company Bechtle plunged 5.6 percent despite reporting higher earnings and revenue for the third quarter.
Insurer Allianz jumped more than 3 percent after confirming its 2023 operating profit target.
United Internet AG shares rose about 1 percent. The telecom firm has revised up its EBITDA outlook for the full year while reiterating sales guidance.
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CAC 40 Up Nearly 1%
French stocks gaining some ground in positive territory on Friday, continuing their upmove for the fourth consecutive session and expectations the meeting between U.S. President Donald Trump and Russian President Vladimir Putin will help bring about an end to the ongoing war in Ukraine.
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Před 19 minutami
DAX Up Nearly 0.5%, Hits 5-week High
German stocks are up in positive territory on Friday, rising for the third consecutive session, and the benchmark DAX has hit a more than 5-week high, as some strong earnings updates and hopes about a positive outcome from U.S. President Donald Trump and Russian President Vladimir Putin's meeting help underpin sentiment.
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Před 36 minutami
European Shares Extend Gains With Focus On Putin-Trump Talks
European stocks held near five-month highs on Friday amid hopes the Trump-Putin summit in Alaska might help end the war in Ukraine.
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Před 1 h 19 min
Asian Shares Mostly Higher With Ukraine Talks In Focus
Asian stocks ended mostly higher on Friday as investors reacted to mixed economic data from China and Japan, and awaited the outcome of the Alaska summit between U.S. and Russian Presidents.
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Před 1 h 41 min
China Economic Data Disappoints
China's industrial production, retail sales and fixed asset investment registered weaker-than-expected growth in July, strengthening calls for further policy support to rebalance the economy towards consumption. Industrial production grew 5.7 percent in July from a year ago, following June's 6.8 percent increase, the National Bureau of Statistics reported Friday.
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Před 2 h 9 min
Yen Rises Against Majors
The Japanese yen strengthened against other major currencies in the Asian session on Friday.
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Před 2 h 22 min
NZ Dollar Falls On Soft China Data
The New Zealand dollar weakened against other major currencies in the Asian session on Friday, after China's industrial production and retail sales logged slower growth in July.
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Před 2 h 47 min
NZ Dollar Falls Against Majors
The New Zealand dollar weakened against other major currencies in the Asian session on Friday.
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Před 3 h 34 min
