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DAX Slips On Hawkish Fed
(RTTNews) - German stocks traded lower on Friday after Federal Reserve Chair Jerome Powell said the U.S. central bank might raise rates again if deemed appropriate.
A jump in U.S. bond yields following a weak Treasury auction also dented rate cut hopes. The benchmark DAX was down 70 points, or half a percent, at 15,282 after rising 0.8 percent in the previous session.
IT company Bechtle plunged 5.6 percent despite reporting higher earnings and revenue for the third quarter.
Insurer Allianz jumped more than 3 percent after confirming its 2023 operating profit target.
United Internet AG shares rose about 1 percent. The telecom firm has revised up its EBITDA outlook for the full year while reiterating sales guidance.
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U.S. Consumer Prices Inch Up In Line With Estimates In April
Consumer prices in the U.S. crept slightly higher in the month of April, according to a closely watched report released by the Commerce Department on Friday.
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hace 13 minutos
Wall Street Likely To Open On Negative Note
Lower U.S. futures and uncertainty surrounding Trump administration's tariff moves point to a flat start for stocks on Wall Street on Friday. Investors will also be digesting some crucial economic data, including reports on U.S. consumer confidence, Chicago PMI reading, and personal income & spending reports.
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hace 19 minutos
Bay Street Likely To Open On Mixed Note
Canadian shares are likely to open on a mixed note Friday morning with investors reacting to a slew of economic data, and assessing the likely move of Trump administration with regard to tariffs.
RTTNews
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hace 43 minutos
FTSE 100 Rises 0.7%
UK stocks are up in positive territory a little past noon on Friday, remaining firm after a steady start. Despite concerns about inflation and uncertainty about tariffs, investors are picking up stocks amid cautious optimism about growth.
RTTNews
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hace 1h 38min
CAC 40 Modestly Higher In Cautious Trade
After a slightly weak start, the French market has moved higher on Friday with investors picking up stocks amid hopes the European Central Bank will lower interest rates at its ensuing meeting.
The U.S. federal court's ruling against President Donald Trump's sweeping tariff moves on its trading partners had added to uncertainty on the trade front, rendering the mood a bit cautious.
RTTNews
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hace 2h 8min
DAX Up 0.8% On Selective Buying As Markets Await Clarity On Tariffs
German stocks are gaining notably ground in positive territory on Friday despite data showing a drop in the nation's retail sales in the month of April, and amid uncertainty about Trump administration's tariff moves after U.S. court rulings against the levies proposed by the U.S. President.
RTTNews
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hace 2h 38min
Sensex, Nifty End Modestly Lower Due To Tariff Uncertainty
Indian shares ended modestly lower on Friday due to uncertainty surrounding a court battle about U.S. President Donald Trump's tariffs and rising concerns about U.S. economic stability.
RTTNews
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hace 2h 39min
Yen Rises On Strong Tokyo Core Inflation Data
The Japanese yen strengthened against other major currencies in the Asian session on Friday, as Tokyo's core inflation data came in stronger than expected, increasing the chances of the Bank of Japan's (BoJ) 25 basis point rate hike in July.
RTTNews
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hace 3h 3min
