DAX Little Changed On Hawkish Fed Comments
(RTTNews) - German stocks were subdued in cautious trade on Wednesday, as investors fretted over a worsening energy crisis and hawkish comments from Fed officials on the pace of future rate rises.
Federal Reserve Bank of Minneapolis President Neel Kashkari said on Tuesday inflation is much more embedded at a much higher level and the central bank has to be more aggressive to bring it under control.
It is believed that Fed Chair Jerome Powell's Friday morning speech at Jackson Hole could cement the market tone until the next Federal Open Market Committee meeting next month.
The benchmark DAX was marginally lower at 13,193 after losing 0.3 percent in the previous session.
CTS Eventim AG, a provider of ticketing services and live entertainment, rose about 1 percent after it posted a surge in normalized-EBITDA for the first-half, driven by a rise in sales.
Sensex, Nifty End Choppy Session Little Changed
European Shares Inch Higher In Cautious Trade
Asian Shares Modestly Higher Before Pivotal US Jobs Report
European Shares Set For Steady Open Before US Jobs Report
Sensex, Nifty Open Higher On Fed Rate Cut Hopes
Australian Market Trims Early Gains In Mid-market
Asian Markets Track Wall Street Higher
