DAX Edges Higher As Investors Await GDP Data

RTTNews | 624 दिनों पहले
DAX Edges Higher As Investors Await GDP Data

(RTTNews) - German stocks were seeing modest gains on Tuesday ahead of fourth-quarter Gross Domestic Product (GDP) data for Germany and the Eurozone due out later in the day.

The benchmark DAX was up 40 points, or 0.2 percent, at 16,981 after ending flat with a negative bias the previous day.

In corporate news, shares of food delivery service Delivery Hero fell more than 8 percent. The company said it would sell a stake in Deliveroo as consumer demand wanes. MorphoSys advanced 1.6 percent. The biopharmaceutical company expects Monjuvi U.S. net product sales to be in the range of $80 million to $95 million for the year 2024, in line with its previous guidance.

Hapag-Lloyd plunged 8.6 percent. The container shipping company registered a significant decline in preliminary earnings for the full year, mainly due to lower freight rates attributable to normalization of global supply chains.

read more
New York Manufacturing Index Unexpectedly Indicates Growth In October

New York Manufacturing Index Unexpectedly Indicates Growth In October

New York manufacturing activity has seen a significant turnaround in the month of October, according to a report released by the Federal Reserve Bank of New York on Wednesday. The New York Fed said its general business conditions index surged to a positive 10.7 in October after plunging to a negative 8.7 in September, with a positive reading indicating growth.
RTTNews | 14 मिनटों पहले
Bay Street Likely To Open Higher Again

Bay Street Likely To Open Higher Again

Canadian shares are likely to open on a positive note Wednesday morning, tracking the firm trend in European markets, and higher commodity prices. The undertone is likely to remain firm amid expectations of an interest rate cut by the Federal Reserve at its upcoming monetary policy meeting.
RTTNews | 1घंटे 16 मिनट पहले
Eurozone Industrial Production Declines

Eurozone Industrial Production Declines

Eurozone industrial production logged a monthly fall in August, reflecting the uncertainty surrounding the global trade environment. Industrial output dropped 1.2 percent month-on-month, in contrast to the 0.5 percent increase in July, Eurostat said Wednesday. However, the decline was less severe than the forecast of 1.6 percent.
RTTNews | 1घंटे 40 मिनट पहले
FTSE 100 Drifts Lower

FTSE 100 Drifts Lower

The UK stock market is down in negative territory on Wednesday, unlike its peers Germany and France, which have moved higher thanks to a good show by stocks from the luxury sector after French major LVMH reported better-than-expected sales in the third quarter.
RTTNews | 1घंटे 53 मिनट पहले
CAC 40 Rises Over 2% As Luxury Stocks Sparkle

CAC 40 Rises Over 2% As Luxury Stocks Sparkle

France's benchmark CAC 40 is up firmly in positive territory around early afternoon on Wednesday with luxury stocks turning in a fine performance after sector major LVMH's fairly strong sales in the third-quarter pointing to a recovery in global luxury demand.
RTTNews | 2घंटे 20 मिनट पहले
DAX Modestly Higher In Cautious Trade

DAX Modestly Higher In Cautious Trade

After opening slightly higher and moving further up subsequently, the German market briefly fell into negative territory Wednesday morning before emerging above the flat line in cautious trade.
RTTNews | 3घंटे 15 मिनट पहले
Sensex, Nifty End Notably Higher On Firm Global Cues

Sensex, Nifty End Notably Higher On Firm Global Cues

Indian shares rose notably on Wednesday after Federal Reserve Chair Jerome Powell signaled two more quarter-point interest-rate cuts this year, citing a sharp slowdown in hiring.
RTTNews | 3घंटे 28 मिनट पहले