DAX Slightly Higher In Cautious Trade

RTTNews | vor 619 Tagen
DAX Slightly Higher In Cautious Trade

(RTTNews) - German stocks traded slightly higher on Wednesday after Israel and Hamas agreed to a four-day truce that would see the Palestinian group release dozens of hostages taken on October 7.

Nvidia's outlook beat expectations, though the chipmaker predicted decline in sales to China.

The benchmark DAX was up 43 points, or 0.3 percent, at 15,943 after finishing marginally lower the previous day.

Fresenius Medical Care rose about 2 percent after raising its annual earnings outlook.

Also, the world's leading provider of products and services for individuals with renal diseases has resolved a legal dispute with the U.S. government.

Thyssenkrupp jumped over 7 percent. After reporting fiscal 2023 net loss of 2.0 billion euros, the industrial engineering and steel company said it sees profit and higher sales in RY24.

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U.S. Dollar Falls As Weak Jobs Data Lifts Rate Cut Hopes

U.S. Dollar Falls As Weak Jobs Data Lifts Rate Cut Hopes

The U.S. dollar weakened against its major counterparts in the New York session on Friday, as weaker-than-expected jobs data for July strengthened expectations of a Fed rate cut in September.
RTTNews | vor 17Std 44 Minuten
U.S. Construction Spending Unexpectedly Sees Further Downside In June

U.S. Construction Spending Unexpectedly Sees Further Downside In June

The Commerce Department released a report on Friday unexpectedly showing a continued decrease by U.S. construction spending in the month of June. The report said construction spending fell by 0.4 percent to an annual rate of $2.136 trillion in June after sliding by 0.5 percent to a revised rate of $2.144 trillion in May.
RTTNews | vor 23Std 48 Minuten
U.S. Consumer Sentiment Improves Marginally Less Than Previously Estimated In July

U.S. Consumer Sentiment Improves Marginally Less Than Previously Estimated In July

Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. improved marginally less than previously estimated in the month of July. The University of Michigan said its consumer sentiment index for July was downwardly revised to 61.7 from a preliminary reading of 61.8. Economists had expected the index to be upwardly revised to 62.0.
RTTNews | vor 23Std 52 Minuten
U.S. Manufacturing Index Unexpectedly Dips To Nine-Month Low In July

U.S. Manufacturing Index Unexpectedly Dips To Nine-Month Low In July

Manufacturing activity in the U.S. unexpectedly contracted at a slightly faster rate in the month of July, according to a report released by the Institute for Supply Management on Friday. The ISM said its manufacturing PMI edged down to 48.0 in July after inching up to 49.0 in June with a reading below 50 indicating contraction.
RTTNews | vor 23Std 54 Minuten
Eurozone Inflation Steady At 2% ECB Target

Eurozone Inflation Steady At 2% ECB Target

Euro area consumer price inflation was unchanged at the European Central Bank's 2 percent target in July, easing the pressure for more easing. The harmonized index of consumer prices increased 2.0 percent year-on-year in July, the same rate of increase as seen in June. Inflation was forecast to ease marginally to 1.9 percent.
RTTNews | vor 1 Tagen