DAX Slips On Recession Worries

RTTNews | 859 दिनों पहले
DAX Slips On Recession Worries

(RTTNews) - German stocks slipped on their last trading day of the year, with concerns about more Fed tightening, China's COVID-inspired uncertainty and the escalating Ukraine conflict weighing on investor sentiment.

Market experts predict that the world economy will face recession next year as a result of the rises in interest rates in response to higher inflation.

Elsewhere, moves by several countries to mandate COVID-19 tests for passengers arriving from China reflect global concern that new variants could emerge in its ongoing explosive outbreak.

The benchmark DAX was down 76 points, or half a percent, at 13,996 after gaining 1.1 percent in the previous session.

Among the prominent decliners, Daimler, Adidas, Deutsche Telekom, E.ON, Siemens and Vonovia fell 1-2 percent.

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Australian Market Slightly Lower

Australian Market Slightly Lower

The Australian market is trading slightly lower on Thursday, giving up some of the slight gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying well below the 8,200 level, with weakness in iron ore miners and financial stocks partially offset by gains in gold miners and technology stocks.
RTTNews | 46 मिनटों पहले
Fed Leaves Interest Rates Unchanged, Warns Of Higher Unemployment, Inflation.

Fed Leaves Interest Rates Unchanged, Warns Of Higher Unemployment, Inflation.

The Federal Reserve on Wednesday announced its widely expected decision to leave interest rates unchanged, highlighting increased uncertainty about the economic outlook. The Fed said it decided to leave the target for the federal funds rate at 4.25 to 4.50 percent for the third straight meeting.
RTTNews | 7घंटे 25 मिनट पहले
Swiss Franc Rises Against Majors

Swiss Franc Rises Against Majors

The Swiss franc climbed against its major counterparts in the New York session on Wednesday.
RTTNews | 8घंटे 11 मिनट पहले
Swiss Market Ends Nearly 1% Down

Swiss Market Ends Nearly 1% Down

Swiss stocks opened on a weak note on Wednesday and languished in negative territory right through the day's session as investors stayed cautious ahead of the Federal Reserve and the Bank of England's monetary policy announcements, due later in the day, and on Thursday, respectively.
RTTNews | 8घंटे 22 मिनट पहले
Major European Markets Close On Weak Note After Cautious Session

Major European Markets Close On Weak Note After Cautious Session

The major European markets closed weak on Wednesday as investors reacted to earnings announcements, and awaited the monetary policy announcement from the Federal Reserve later in the day. The Bank of England's policy announcement is due on Thursday. Upbeat economic data from Germany, and optimism surrounding upcoming U.S.-China trade talks helped limit markets' downside.
RTTNews | 8घंटे 37 मिनट पहले
Canadian Stocks Up Firmly In Positive Territory

Canadian Stocks Up Firmly In Positive Territory

The Canadian market is up firmly in positive territory a little past noon on Wednesday, lifted by gains in utilities, technology, consumer and financials sectors. The market undertone is positive amid slightly easing tensions about tariffs ahead of U.S.-China meeting this week, and expectations that the Federal Reserve will hold interest rates unchanged.
RTTNews | 9घंटे 22 मिनट पहले
German Factory Orders Rebound Ahead Of U.S. Tariffs

German Factory Orders Rebound Ahead Of U.S. Tariffs

Germany's factory orders grew more than expected in March as U.S. manufacturers front-loaded their orders to avoid higher tariffs, official data revealed Wednesday. Factory orders advanced 3.6 percent month-on-month in March after remaining flat in February, Destatis reported. Orders are forecast to grow 1.4 percent.
RTTNews | 12घंटे 9 मिनट पहले
Bay Street Likely To Open Higher

Bay Street Likely To Open Higher

Canadian shares may open higher on Wednesday amid renewed hopes the U.S. and China will agree on a positive trade deal. The focus is also on the Federal Reserve's monetary policy announcement later in the day.
RTTNews | 13घंटे 17 मिनट पहले