DAX Dips As Yields Surge Ahead Of Powell's Speech

RTTNews | 793天前
DAX Dips As Yields Surge Ahead Of Powell's Speech

(RTTNews) - German stocks traded lower on Thursday as investors fretted about rising geopolitical tensions in the Middle East and the outlook for interest rates.

U.S. Treasury yields jumped to multi-year highs ahead of Fed Chair Jerome Powell's speech later in the day.

The benchmark DAX was down 48 points, or 0.3 percent, at 15,046 after closing 1 percent lower the previous day.

Infineon Technologies AG fell 2.2 percent. The semiconductor company has appointed Elke Reichart as its new Chief Digital Transformation Officer, effective November 1.

Merck KGaA jumped nearly 5 percent. The science and technology major said it expects to return to growth during fiscal 2024, and continued growth also beyond 2025.

Biopharmaceutical firm Sartorius surged 5.5 percent after unveiling financial results for the first nine months of the year.

Frankfurt-listed shares of Tesla were down 4.8 percent after CEO Elon Musk sounded a pessimistic note about the economy on an earnings call.

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European Markets Close Higher As Stocks Recover After Cautious Start

European Markets Close Higher As Stocks Recover After Cautious Start

European stocks closed higher on Friday, and several markets in the region climbed to fresh highs, with investors reacting to the interest rate decisions by major central banks. Expectations of more monetary easing by the Federal Reserve contributed as well to the positive mood in the markets.
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U.S. Consumer Sentiment Rebounds Less Than Previously Estimated In December

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RTTNews | 1天前
U.S. Existing Home Sales Rise Less Than Expected In November

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Russia Cuts Key Rate By 50 Bps As Expected

Russia Cuts Key Rate By 50 Bps As Expected

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Bay Street May Open Slightly Higher

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The Canadian market, which snapped a four-day losing streak on Thursday, looks headed for a positive start Friday morning. Canadian retail sales data, and U.S. PCE reading are likely to make an impact.
RTTNews | 1天前