DAX Edges Higher On Hopes Of Rate Cuts

RTTNews | 645 दिनों पहले
DAX Edges Higher On Hopes Of Rate Cuts

(RTTNews) - German stocks rose on Thursday to extend gains from the previous session amid expectations that central banks will start cutting rates around mid-2024.

Investors looked ahead to a raft of U.S. economic data and high-profile ECB and Fed speeches for further clues to the economic growth and rate outlook.

The dollar held ground as U.S. President Joe Biden and Chinese President Xi Jinping concluded more than four hours of talks with a commitment to stabilise strained relations.

The benchmark DAX was up 62 points, or 0.4 percent, at 15,810 after climbing 0.9 percent in the previous session.

Hellofresh shares plunged more than 20 percent. The meal kit delivery company lowered its adjusted earnings expectations for the year and narrowed its revenue growth outlook.

Industrial conglomerate Siemens jumped 5.5 percent after posting fourth-quarter profit ahead of expectations.

read more
Yen Falls Amid BoJ Uncertainty

Yen Falls Amid BoJ Uncertainty

The Japanese yen weakened against other major currencies in the Asian session on Friday, as traders speculate uncertainty over the likely timing of the Bank of Japan's (BoJ) next rate hike.
RTTNews | 1घंटे 16 मिनट पहले
European Shares Set For Cautious Open Ahead Of Powell Speech

European Shares Set For Cautious Open Ahead Of Powell Speech

European stocks may open on a cautious note on Friday, with Federal Reserve Chair Jerome Powell's comments at Jackson Hole, Wyoming, likely to be in the spotlight amid an otherwise quiet day on the economic front.
RTTNews | 1घंटे 21 मिनट पहले
Sensex, Nifty Edge Lower; IT Stocks Drag On Trade Worries

Sensex, Nifty Edge Lower; IT Stocks Drag On Trade Worries

Indian shares opened on a weak note on Friday after a Trump administration official called India the 'Maharaja' of tariffs and ramped up his criticism over the trade ahead of an expected tariff increase on August 27.
RTTNews | 2घंटे 22 मिनट पहले
Yen Falls Against Majors

Yen Falls Against Majors

The Japanese yen weakened against other major currencies in the Asian session on Friday.
RTTNews | 2घंटे 32 मिनट पहले
Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market moves on Friday, giving up some of the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying above the 9,000 mark, with weakness in technology and financial stocks partially offset by gains in mining and energy stocks.
RTTNews | 3घंटे 32 मिनट पहले
Asian Markets Mostly Higher

Asian Markets Mostly Higher

Asian stock markets are trading mostly higher on Friday, despite the broadly negative cues from Wall Street overnight, as traders remain cautious amid lingering uncertainty about the outlook for interest rates ahead of US Fed Chair Jerome Powell's highly anticipated speech at the Jackson Hole Economic Symposium later in the day. Asian markets ended mixed on Thursday.
RTTNews | 3घंटे 56 मिनट पहले
Sensex, Nifty Set For Muted Start

Sensex, Nifty Set For Muted Start

Indian shares may open on a sluggish note on Friday following six consecutive sessions of gains on optimism about S&P's rating upgrade for India, improving Sino-India relations and the Centre's plan to rationalize Goods and Services Tax (GST).
RTTNews | 4घंटे 22 मिनट पहले
Japanese Market Slightly Higher

Japanese Market Slightly Higher

The Japanese market is slightly higher on Friday, snapping a three-session losing streak, despite the broadly negative cues from Wall Street overnight. The Nikkei 225 is moving above the 42,650 level, with gains across all sectors led by automakers and financial stocks as domestic inflation data beat expectations.
RTTNews | 4घंटे 50 मिनट पहले