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DAX Dips On Profit Taking After Recent Gains
(RTTNews) - German stocks slipped into the red on Friday as caution set in after recent strong gains on optimism over signs the Federal Reserve might slow down the pace of rate hikes.
Investors also expect smaller rate hikes by the European Central Bank amid lingering worries of a recession in the euro zone.
The benchmark DAX slipped 0.1 percent to 14,469 after rising 0.7 percent in the previous session.
Banks were subdued, with Deutsche Bank falling nearly 1 percent. Tech stocks were rising, with Infineon rising half a percent.
The euro extended gains against the dollar for a third straight session, hitting a six-month high and on track for a second weekly gain in a row.
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The International Monetary Fund lifted the global growth forecast for this year and next as the impact of the trade tariffs has been less severe than initially expected but warned that the policy uncertainty remains high.
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TSX Rises 2% As Stocks Rally On Bargain Hunting
The Canadian market is up sharply on Tuesday with investors indulging in some hectic buying across the board, picking up stocks at reduced prices following recent steep fall.
Despite U.S. President Donald Trump's conciliatory tone over the weekend with regard to trade relations with China, there are still concerns about the trade spat between the world's two largest economies.
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U.S. Small Business Confidence Weakens For First Time In 3 Months: NFIB
Small business morale in the U.S. eroded for the first time in three months in September as business struggle with rising inflation, weaker sales outlook and labor shortage, survey data from the National Federation of Independent Business showed on Tuesday.
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Swiss Market Ends Weak; Bank Stocks Among Major Losers
Save for a brief while around mid morning, when it emerged slightly above the flat line, Switzerland's benchmark SMI languished in negative territory right through the trading session on Tuesday.
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European Stocks Close Mostly Lower On Weak Data, Trade Tensions
European stocks closed mostly weak on Tuesday although several markets in the region managed to regain most of the ground they had lost early on in the session.
The weakness was due to escalating U.S.-China trade tensions, the political upheaval in France, and some disappointing regional economic data.
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Powell Reiterates There's 'No Risk-Free Path' As Fed Navigates Tension Between Dual Goals
Federal Reserve Chair Jerome Powell spoke at the 67th Annual Meeting of the National Association for Business Economics in Philadelphia on Tuesday but did not provide much fresh insight into the outlook for interest rates. Powell reiterated his belief that there is "no risk-free path" for monetary policy.
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UK Unemployment Rate Rises; Wage Growth Slows
The UK jobless rate rose slightly, and wage growth softened in the three months to August, raising chances of an interest rate cut this year. The ILO jobless rate rose slightly to 4.8 percent from 4.7 percent in the preceding period, the Office for National Statistics reported Tuesday. The rate was seen unchanged at 4.7 percent.
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7घंटे 40 मिनट पहले
Euro Falls As US-China Tensions Escalate
The euro weakened against most major currencies in the European session on Tuesday, as trade tensions between the U.S. and China escalated, and traders monitored ongoing political upheaval in France.
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