DAX Rebounds After Tuesday's Selloff
(RTTNews) - German stocks were moving higher on Wednesday after suffering heavy losses in the previous session on concerns over heightened geopolitical tensions in the Middle East and uncertainty over the Federal Reserve's rate trajectory.
The benchmark DAX was up 84 points, or half a percent, at 17,850 after losing 1.4 percent the previous day.
Adidas jumped 6.4 percent. The sportswear giant upped its full-year guidance after posting better-than-expected preliminary results for the first quarter.
HELLA GmbH & Co. KgaA, an automotive parts supplier, edged up slightly after sales for the first quarter came in unchanged from last year.
Continental lost 4.3 percent after reporting preliminary Q1 results below market expectations.
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Bay Street Likely To Open Mixed
Canadian shares may open on a mixed note Friday morning, and are likely to largely move in a tight band amid a lack of fresh triggers.
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hace 4h 29min
China Industrial Output Gains Strength; Retail Sales & Investment Data Disappoints
China's industrial growth accelerated in April driven by robust exports but softening growth in retail sales and fixed asset investment reflects an uneven economic recovery necessitating more efforts from the part of the government to achieve the official growth target. Industrial production registered an annual increase of 6.7 percent after rising 4.5 percent in March.
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hace 4h 51min
Calibre Mining Announces Resignation Of David Splett As CFO
Calibre Mining Corp. (CXBMF, CXB.V) announced Friday the resignation of Senior Vice President and Chief Financial Officer David Splett, effective July 31, 2024. Splett served as CFO of Calibre since the end of November 2021.
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hace 5h 24min
Sensex, Nifty End Modestly Higher Despite Weak Global Cues
Indian shares recovered from a weak opening to end slightly higher on Friday.
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hace 6h 33min
Reddit Stock Climbs On OpenAI Deal
Shares of Reddit Inc. were gaining around 14 percent in the pre-market activity on the New York Stock Exchange after the social media company announced a deal with artificial intelligence or AI startup OpenAI, the developer of highly popular generative AI chatbot ChatGPT. The deal will bring Reddit's content to ChatGPT and its products. OpenAI will also become a Reddit advertising partner.
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hace 6h 51min
European Shares Extend Losses On Rate Worries, Mixed China Data
European stocks extended declines on Friday after having snapped a nine-day winning streak the previous day.
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hace 7h 13min
FTSE 100 Drifts Lower As Chancellor Jeremy Hunt Promises Tax Cuts
U.K. stocks traded lower on Friday as chancellor Jeremy Hunt delivers a speech on the state of the economy ahead of the general election.
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hace 7h 44min
CAC 40 Declines On Weak Earnings
French stocks declined on Friday, with uncertainty over the timing of U.S rate cuts, mixed data from China and disappointing earnings updates keeping investors nervous.
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hace 7h 57min
