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DAX Dips On BoJ Policy Shift
(RTTNews) - German stocks fell sharply on Tuesday after the Bank of Japan expanded its 10-year Japanese government bond yield target band - raising fears of an eventual tightening in policy.
Hawkish comments on interest rates from former Federal Reserve official William Dudley also fueled worries about a worldwide recession.
The benchmark DAX dropped 143 points, or 1.0 percent, to 13,799 after gaining 0.4 percent in the previous session. Klöckner fell about 1 percent. The steel and metal company has agreed to acquire National Material of Mexico for US$340 million on a cash and debt free basis.
Pfeiffer Vacuum, a manufacturer of vacuum pumps, rose over 1 percent after raising its FY sales outlook.
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U.S. Wholesale Inventories Inch Up Less Than Expected In June
Wholesale inventories in the U.S. crept up by less than expected in the month of June, according to a report released by the Commerce Department on Thursday. The Commerce Department said wholesale inventories inched up by 0.1 percent in June after falling by 0.3 percent in May. Economists had expected wholesale inventories to rise by 0.2 percent, in line with the preliminary estimate.
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vor 5Std 57 Minuten
U.S. Labor Productivity Rebounds Roughly In Line With Estimates In Q2
Labor productivity in the U.S. saw a significant rebound in the second quarter of 2025, according to preliminary data released by the Labor Department on Thursday. The report said labor productivity shot up by 2.4 percent in the second quarter after tumbling by a downwardly revised 1.8 percent in the first quarter.
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vor 6Std 29 Minuten
U.S. Jobless Claims Rise More Than Expected To 226,000
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits rose by more than expected in the week ended August 2nd. The Labor Department said initial jobless claims climbed to 226,000, an increase of 7,000 from the previous week's revised level of 219,000.
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vor 6Std 39 Minuten
Bank Of England Cuts Rate In Tight Vote
The Bank of England reduced its benchmark interest rate in a close call on Thursday suggesting that the monetary easing cycle is nearing an end as policymakers became more concerned about persistent inflation. The Monetary Policy Committee, headed by BoE Governor Andrew Bailey, voted 5-4 to cut the bank rate by 25 basis points to 4.00 percent.
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vor 7Std 36 Minuten
Global Cues, Firm Commodity Prices Point To Another Firm Start On Bay Street
Canadian shares are likely to open higher Thursday morning, tracking positive global cues and higher commodity prices.
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vor 8Std 18 Minuten
U.S. Labor Productivity Surges 2.4% In Second Quarter
Labor productivity in the U.S. saw a significant rebound in the second quarter of 2025, according to preliminary data released by the Labor Department on Thursday.
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vor 8Std 26 Minuten
U.S. Weekly Jobless Claims Rise More Than Expected
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits rose by more than expected in the week ended August 2nd.
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vor 8Std 32 Minuten
Pound Jumps After BoE Rate Decision
The British pound strengthened against other major currencies in the European session on Thursday the Bank of England (BoE) reduced UK interest rates by a quarter point, making it the fifth reduction in a year, although almost half of its policymakers opted to maintain borrowing costs.
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vor 9Std 0 Minuten
