DAX Slides As Italy's Draghi Resigns

RTTNews | 1070 दिनों पहले
DAX Slides As Italy's Draghi Resigns

(RTTNews) - German stocks fell on Thursday after Italian Prime Minister Mario Draghi offered his resignation to the president, in a move that will raise the prospect of snap elections as soon as early October.

Meanwhile, Russia resumed natural gas supplies to Germany, helping to ease worries about fallout on the economy.

The euro wilted as investors braced for the interest-rate decision from the European Central bank. A 25-bps hike is already priced in by markets.

The benchmark DAX slipped 110 points, or 0.8 percent, to 13,172 after declining 0.2 percent the previous day.

SAP tumbled 3.6 percent after the business software company lowered its 2022 profit outlook.

Sartorius soared 7.5 percent. The pharmaceutical and laboratory equipment supplier confirmed its 2022 outlook after reporting encouraging first-half results.

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Australia Inflation Eases In May

Australia Inflation Eases In May

Australia's consumer price inflation softened more than expected in May, giving space for the central bank to lower its interest rate. The monthly Consumer Price Index indicator rose 2.1 percent year-on-year, following the 2.4 percent increase in April, the Australian Bureau of Statistics reported Wednesday. A similar lower rate was last seen in October 2024.
RTTNews | 2घंटे 27 मिनट पहले
European Shares Seen Tad Higher At Open

European Shares Seen Tad Higher At Open

European stocks may open a tad higher on Wednesday as the Iran-Israel ceasefire, announced by U.S. President Donald Trump appears to hold in the Middle East, and Federal Reserve Chair Jerome Powell said "many paths are possible" for monetary policy, opening the door to an earlier rate cut.
RTTNews | 2घंटे 59 मिनट पहले
European Economic News Preview: France Consumer Confidence Data Due

European Economic News Preview: France Consumer Confidence Data Due

Consumer confidence from France and revised quarterly national accounts from Spain are the major reports due on Wednesday. At 2.45 am ET, France's statistical office INSEE is slated to issue consumer sentiment survey results. The confidence index is expected to rise to 89 in June from 88 in May. At 3.00 am ET, Spain's INE releases revised GDP and producer prices data.
RTTNews | 3घंटे 1 मिनट पहले
Sensex, Nifty Surge As Israel-Iran Truce Holds

Sensex, Nifty Surge As Israel-Iran Truce Holds

Indian shares opened on a strong note Wednesday as the Iran-Israel cease-fire appears to hold in the Middle East and Federal Reserve Chair Jerome Powell said "many paths are possible" for monetary policy, opening the door to an earlier rate cut.
RTTNews | 4घंटे 5 मिनट पहले
Australian Market Slips To Slight Loss In Mid-market

Australian Market Slips To Slight Loss In Mid-market

The Australian stock market is slipping to a slight loss in mid-market moves on Wednesday after opening in the green, reversing some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to 8,550 level, with weakness in mining and energy stocks partially offset by gains in financial and technology stocks.
RTTNews | 5घंटे 36 मिनट पहले
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues from Wall Street overnight, as traders in the region cheered the news of a ceasefire between warring Israel and Iran is now in effect. While both sides have accused each other of violating the ceasefire, traders appeared to remain optimistic about easing tensions in the Middle East.
RTTNews | 5घंटे 40 मिनट पहले
Sensex, Nifty Set For Positive Open

Sensex, Nifty Set For Positive Open

Indian shares look set to open on a positive note Wednesday after oil prices plummeted for a second straight day in the wake of comments from U.S. President Donald Trump that China can continue buying Iranian oil and that he hopes the country will also be purchasing "plenty" from the U.S.
RTTNews | 6घंटे 16 मिनट पहले