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DAX Declines On China Growth Concerns
(RTTNews) - German stocks traded lower on Wednesday after a private survey showed China's services activity expanded at the slowest pace in five months in June, adding to worries about a faltering post-pandemic recovery in the world's second-largest economy.
Investors also sought direction from the release of minutes from the Federal Reserve's June meeting later in the day and Friday's U.S. nonfarm payrolls report.
The benchmark DAX was down 78 points, or half a percent, at 15,961 after declining 0.3 percent the previous day.
Evotec SE, a drug company, jumped nearly 3 percent. The company announced that its unit Just - Evotec Biologics, Inc. has secured a second contract from the US department of defense for $74 million.
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NZ Dollar Slides As RBNZ Cuts Rate By 25 Bps
The New Zealand dollar weakened against other major currencies in the Asian session on Wednesday, after the Reserve Bank of New Zealand decided to cut its key interest rate by 25 basis points and signaled further easing.
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18 मिनटों पहले
European Economic News Preview: UK Inflation Data Due
Consumer prices from the UK and the euro area due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics publishes UK consumer prices for July. Inflation is seen rising to 3.7 percent in July from 3.6 percent in the previous month.
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39 मिनटों पहले
China Leaves Benchmark Interest Rate Unchanged
The People's Bank of China maintained its interest rates on Wednesday, as Beijing focus on fiscal policy easing and more targeted measures. The central bank left its one-year loan prime rate at 3.0 percent. Similarly, the five-year LPR, the benchmark for mortgage rates, was retained at 3.50 percent. The bank had reduced its both LPRs by quarter points in October 2024.
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48 मिनटों पहले
European Shares Set To Open Lower After US Tech Selloff
European stocks are seen opening lower on Wednesday as investors fret about overheated tech valuations and U.S. government intervention in Intel.
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1घंटे 11 मिनट पहले
U.S. Dollar Advances Against Most Majors
The U.S. dollar strengthened against most major currencies in the Asian session on Wednesday.
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1घंटे 33 मिनट पहले
Yen Rises Against Majors
The Japanese yen strengthened against other major currencies in the Asian session on Wednesday.
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1घंटे 37 मिनट पहले
NZ Dollar Slides Against Majors
The New Zealand dollar weakened against other major currencies in the Asian session on Wednesday.
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2घंटे 14 मिनट पहले
Sensex, Nifty Marginally Lower In Cautious Trade
Indian shares were subdued on Wednesday as investors grappled with U.S.-India trade frictions.
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2घंटे 21 मिनट पहले
