DAX Surges On Fed Cues, Softer Regional CPI

RTTNews | Před 614 dny
DAX Surges On Fed Cues, Softer Regional CPI

(RTTNews) - The DAX benchmark of the Frankfurt bourse rallied more than a percent in Wednesday's trading amidst data showing a cooling in inflation in the regional CPI updates. Dovish comments from Fed officials also renewed hopes of earlier-than-expected rate cuts by the Federal Reserve.

German regional CPI data released earlier in the day showed month-on-month CPI readings slipping into negative zone and the year-on-year readings showing major decline in the month of November.

The forty-scrip DAX index is currently trading at 16,150.17, having surged 1.10 percent on an overnight basis. The day's trading ranged between a high of 16,167.94 and a low of 15,989.91. The index had closed at 15,975.22 on the previous day.

In the 40-scrip index, only 7 are currently trading in the overnight negative zone. Infineon Technologies tops with gains of 4.1 percent. Zalando, Sartorius and Siemens Energy followed with gains of more than 3 percent. Vonovia, BMW and Mercedes Benz Group have all added more than 2 percent in the day's trading.

Only Covestro, Munchener Ruck and Beiersdorf have losses in excess of half a percent in the day's trading.

The EUR/USD pair has slipped 0.13 percent to 1.0976 amidst the Dollar Index edging up 0.15 percent to 102.90. The euro ranged between $1.1018 and $1.0969.

In tandem with the easing in bond yields in the U.S. as well as in other major economies, German bond yields dropped 1.7 percent to 2.4510%, versus 2.493% at the previous close.

read more
U.S. Factory Orders Pull Back Sharply In June

U.S. Factory Orders Pull Back Sharply In June

After reporting a substantial increase by new orders for U.S. manufactured goods in the previous month, the Commerce Department released a report on Monday showing factory orders pulled back sharply in the month of June. The Commerce Department said factory orders dove by 4.8 percent in June after soaring by an upwardly revised 8.3 percent in May.
RTTNews | Před 2 h 55 min
Weak Jobs Data Limits Dollar's Rebound

Weak Jobs Data Limits Dollar's Rebound

A smaller-than expected addition to non-farm payrolls curtailed the dollar's rally fueled by a hawkish Fed stance, higher-than-expected PCE-inflation readings, as well as anxiety ahead of the U.S.-China trade talks and the looming trade tariff deadline.
RTTNews | Před 2 h 57 min
Eurozone Investor Sentiment Weakens Unexpectedly

Eurozone Investor Sentiment Weakens Unexpectedly

Euro area investor confidence deteriorated unexpectedly in August as the newly reached trade deal with the U.S. deepened concerns about the current economic situation as well as the outlook, data from the behavioral research institute Sentix showed on Monday. The Sentix investor sentiment index fell steeply to -3.7 in August from 4.5 in July. The measure was expected to climb to 6.2.
RTTNews | Před 4 h 15 min
Bay Street Seen Opening On Cautious Note

Bay Street Seen Opening On Cautious Note

Canadian stocks may open on a mixed note on Monday with investors likely to stay cautious ahead of implementation of levies imposed by U.S. President Donald Trump, and a slew of earnings announcements due this week. Weak oil prices may weigh a bit.
RTTNews | Před 4 h 23 min
FTSE 100 Modestly Higher; Lloyds Banking Group Rises Nearly 8%

FTSE 100 Modestly Higher; Lloyds Banking Group Rises Nearly 8%

The UK market is up in positive territory on Monday with stocks from the financial sector contributing significantly to the upmove after the outcome from the UK's motor finance investigation turned out to less severe than feared, with potential compensation estimated at 9 billion pounds, much less than the expected quantum o 30 billion pounds.
RTTNews | Před 5 h 14 min
Indian Rupee Falls To 4-day Low Against U.S. Dollar

Indian Rupee Falls To 4-day Low Against U.S. Dollar

The Indian rupee weakened against the U.S. dollar in the European session on Monday, as investors await the announcement of the interest rate decision by the Reserve Bank of India (RBI) on Wednesday.
RTTNews | Před 5 h 37 min
CAC Moderately Higher As Stocks Recover From Recent Setback

CAC Moderately Higher As Stocks Recover From Recent Setback

The French stock market is up firmly in positive territory on Monday with several counters from across various sectors attracting buyers after last week's decline following a sweeping tariff announcement from U.S. President Donald Trump.
RTTNews | Před 5 h 43 min
DAX Up 1.1% As Stocks Rebound From Recent Losses

DAX Up 1.1% As Stocks Rebound From Recent Losses

German stocks are up firmly in positive territory on Monday, recovering well from recent losses, as investors look past last week's tariff announcement from U.S. President Donald Trump and focusing on recent earnings.
RTTNews | Před 6 h 1 min