DAX Slides As Italy's Draghi Resigns

RTTNews | hace 1070
DAX Slides As Italy's Draghi Resigns

(RTTNews) - German stocks fell on Thursday after Italian Prime Minister Mario Draghi offered his resignation to the president, in a move that will raise the prospect of snap elections as soon as early October.

Meanwhile, Russia resumed natural gas supplies to Germany, helping to ease worries about fallout on the economy.

The euro wilted as investors braced for the interest-rate decision from the European Central bank. A 25-bps hike is already priced in by markets.

The benchmark DAX slipped 110 points, or 0.8 percent, to 13,172 after declining 0.2 percent the previous day.

SAP tumbled 3.6 percent after the business software company lowered its 2022 profit outlook.

Sartorius soared 7.5 percent. The pharmaceutical and laboratory equipment supplier confirmed its 2022 outlook after reporting encouraging first-half results.

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European Shares Seen Tad Higher At Open

European Shares Seen Tad Higher At Open

European stocks may open a tad higher on Wednesday as the Iran-Israel ceasefire, announced by U.S. President Donald Trump appears to hold in the Middle East, and Federal Reserve Chair Jerome Powell said "many paths are possible" for monetary policy, opening the door to an earlier rate cut.
RTTNews | hace 41 minutos
European Economic News Preview: France Consumer Confidence Data Due

European Economic News Preview: France Consumer Confidence Data Due

Consumer confidence from France and revised quarterly national accounts from Spain are the major reports due on Wednesday. At 2.45 am ET, France's statistical office INSEE is slated to issue consumer sentiment survey results. The confidence index is expected to rise to 89 in June from 88 in May. At 3.00 am ET, Spain's INE releases revised GDP and producer prices data.
RTTNews | hace 43 minutos
Sensex, Nifty Surge As Israel-Iran Truce Holds

Sensex, Nifty Surge As Israel-Iran Truce Holds

Indian shares opened on a strong note Wednesday as the Iran-Israel cease-fire appears to hold in the Middle East and Federal Reserve Chair Jerome Powell said "many paths are possible" for monetary policy, opening the door to an earlier rate cut.
RTTNews | hace 1h 47min
Australian Market Slips To Slight Loss In Mid-market

Australian Market Slips To Slight Loss In Mid-market

The Australian stock market is slipping to a slight loss in mid-market moves on Wednesday after opening in the green, reversing some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to 8,550 level, with weakness in mining and energy stocks partially offset by gains in financial and technology stocks.
RTTNews | hace 3h 18min
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues from Wall Street overnight, as traders in the region cheered the news of a ceasefire between warring Israel and Iran is now in effect. While both sides have accused each other of violating the ceasefire, traders appeared to remain optimistic about easing tensions in the Middle East.
RTTNews | hace 3h 22min
Sensex, Nifty Set For Positive Open

Sensex, Nifty Set For Positive Open

Indian shares look set to open on a positive note Wednesday after oil prices plummeted for a second straight day in the wake of comments from U.S. President Donald Trump that China can continue buying Iranian oil and that he hopes the country will also be purchasing "plenty" from the U.S.
RTTNews | hace 3h 59min
Higher Open Called For Thai Stock Market

Higher Open Called For Thai Stock Market

The Thai stock market on Tuesday ended the eight-day losing streak in which it had stumbled more than 80 points or 7 percent. The Stock Exchange of Thailand now sits just above the 1,100-point plateau and it's expected to extend those gains on Wednesday.
RTTNews | hace 4h 26min
Japanese Market Slightly Lower

Japanese Market Slightly Lower

The Japanese stock market is slightly lower in choppy trading on Wednesday after opening in the green, reversing some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is staying below the 38,800 level, with weakness in index heavyweights, automakers and financial stocks partially offset by gains in technology stocks.
RTTNews | hace 4h 48min