DAX Drifts Lower As Investors React To Results, Geopolitical News

RTTNews | 9घंटे 49 मिनट पहले

(RTTNews) - The German market is showing weakness on Thursday, as investors remain cautious, reacting to a slew of earnings announcements, and continuing to watch the developments on U.S.-China trade front, as well as news from the geopolitical front.

EU countries today formally adopted a 19th package of sanctions against Russia for its war against Ukraine that includes a ban on Russian liquefied natural gas imports.

"It's a significant package that targets main Russian revenue streams through new energy, financial, and trade measures," the Danish rotating presidency of the EU said.

The benchmark DAX was down 100.32 points or 0.42% at 24,057.45 a little while ago.

SAP is down 2.5%. On Wednesday, the company announced that it posted earnings of EUR2.051 billion, or EUR1.71 per share, in the third quarter of the current financial year, compared with EUR1.441 billion, or EUR1.24 per share in the year-ago quarter.

Infineon Technologies is down 1.8% and Heidelberg Materials is losing about 1.7%. Vonovia, Brenntag, Merck, Siemens, GEA Group, Fresenius Medical Care, Deutsche Post, E.ON, Siemens Healthineers and RWE are down 0.7 to 1.25%.

Siemens Energy is gaining 2.7%. MTU Aero Engines, Rheinmetall, Mercedes-Benz and Fresenius are up 1 to 1.5%.

Commerzbank, Volkswagen, Deutsche Boerse and BMW are up 0.4 to 0.75%.

MTU Aero Engines is rising 1.5% on higher earnings. The aircraft engine manufacturers reported a net income of EUR 250 million, or EUR 4.63 per share, for the third quarter, compared to EUR 211 million, or EUR 3.90 per share, in the year-ago quarter.

The company now anticipates a mid-twenties percentage increase in adjusted EBIT for 2025, hitting the upper end of the previous guidance range, and free cash flow of between 350 million euros and 400 million euros.

Beiersdorf is up nearly 1%. The company's total sales in the third quarter were 2.35 billion euros, a drop of 0.9% from last year, but a growth of 1.7% organically.

Rheinmetall, Mercedes-Benz and Fresenius are up 1 to 1.25%. Commerzbank, Volkswagen, Deutsche Boerse and Deutsche Bank are up with modest gains.

Canadian Market Headed For Another Strong Finish

The Canadian market remains firmly up in positive territory Thursday afternoon, lifted by gains in energy, technology, materials and consumer discretionary stocks. Expectations of an interest rate cut by the Canadian central bank next week, and hopes the upcoming national budget will contain some proposals for huge funding in major initiatives.

RTTNews | 1घंटे 45 मिनट पहले

Swiss Market Ends Moderately Lower

The Switzerland market ended on a weak note on Thursday after languishing in negative territory right through the day's session.

RTTNews | 2घंटे 16 मिनट पहले

European Markets Close Higher As Investors Focus On Earnings

European stocks closed higher on Thursday with investors mostly reacting to corporate earnings announcements. Concerns about geopolitical tensions and the potential impact of tariffs on global economic growth weighed a bit and limited markets' upside.

RTTNews | 2घंटे 37 मिनट पहले

U.S. Existing Home Sales Increase In Line With Estimates In September

A report released by the National Association of Realtors on Thursday showed existing home sales in the U.S. increased in line with economist estimates in the month of September. NAR said existing home sales jumped by 1.5 percent to an annual rate of 4.06 million in September after dipping by 0.2 percent to an annual rate of 4.00 million in August. The rebound matched expectations.

RTTNews | 3घंटे 55 मिनट पहले

Bay Street Likely To Open Higher On Firm Oil, Metal Prices

Higher crude oil and metal prices point to a firm start for the Canadian market on Thursday. Investors are also expecting that the upcoming Canadian budget will contain some huge funding in major initiatives.

RTTNews | 6घंटे 59 मिनट पहले

Turkey Central Bank Cuts Key Rates By 100 Bps As Expected

Turkey's central bank reduced the pace of interest rate cuts on Thursday as inflation accelerated due to higher food prices. The Monetary Policy Committee of the Central Bank of the Republic of Turkey, headed by Yasar Fatih Karahan, decided to reduce the policy rate by 100 basis points to 39.50 percent from 40.50 percent.

RTTNews | 7घंटे 18 मिनट पहले

FTSE 100 Advances As Investors React To Earnings Announcements

U.K.'s FTSE 100 remains firmly up in positive territory a little past noon on Thursday, with investors reacting to a slew of encouraging corporate earnings announcements. Energy and mining stocks are faring well.

RTTNews | 8घंटे 35 मिनट पहले

French Manufacturing Sentiment Strengthens Unexpectedly

French manufacturing confidence strengthened unexpectedly in October to the highest level in more than a year, data from the statistical office INSEE showed on Thursday. The manufacturing confidence index rose to 100.7 in October from 96.7 in September, while the reading was forecast to drop to 96.0. Moreover, the score was the highest since March 2024.

RTTNews | 8घंटे 50 मिनट पहले

EURUSD	1.16145	GBPUSD	1.33221	AUDUSD	0.65111
USDJPY	152.585	USDCAD	1.39879	USDCHF	0.79534