DAX Drifts Lower As Fed Flags Slower Rate Cuts

RTTNews | 254天前
DAX Drifts Lower As Fed Flags Slower Rate Cuts

(RTTNews) - German stocks drifted lower on Thursday after the Federal Reserve signalled a slower pace of interest rate cuts next year, citing inflation risks.

The benchmark DAX was down 156 points, or 0.8 percent, at 20,086 after finishing marginally lower the previous day.

Perfume and cosmetics maker Douglas Holding AG tumbled 4 percent despite reporting a turnaround to net profit for the fourth quarter.

BMW fell slightly and Mercedes Benz was little changed as industry data showed new car sales in the EU decreased in November after rebounding in the previous month.

New car registrations dropped 1.9 percent year-over-year to 869,816 units in November, reversing a 1.1 percent rise in October, according to the European Automobile Manufacturers' Association.

Volkswagen edged up slightly amid ongoing talks with labor leaders over German plant closures and pay cuts.

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German Inflation Accelerates To 2.2% In August

German Inflation Accelerates To 2.2% In August

Consumer price inflation in Germany climbed in August to its highest level in five months, while the core figure was steady amid an acceleration in food price growth, and weakened chances for further easing from the European Central Bank in the near term.
RTTNews | 17小時50分鐘前
Swiss Market Ends Modestly Lower

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.
RTTNews | 20小時40分鐘前
European Stocks Close Lower On Geopolitical Tensions

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.
RTTNews | 21小時9分鐘前
Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
RTTNews | 1天前
U.S. Consumer Prices Increase In Line With Estimates In July

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
RTTNews | 1天前