DAX Marginally Lower After GDP Data

RTTNews | 614天前
DAX Marginally Lower After GDP Data

(RTTNews) - German stocks were subdued on Friday after data showed the German economy contracted as estimated in the fourth quarter on weaker investment.

Gross domestic product slid 0.3 percent sequentially after stagnating in the third quarter, according to revised data from Destatis.

The statistical office confirmed the preliminary estimate published on January 30.

The benchmark DAX was marginally lower at 17,369 after rallying 1.5 percent in the previous session.

Insurer Allianz fell 2.4 percent after its fourth quarter profit came in slightly below expectations.

Chemicals giant BASF rose 0.6 percent after flagging earnings rebound.

Airline Lufthansa tumbled 3.6 percent after news on board reshuffle.

Deutsche Telekom fell nearly 2 percent as it reported a loss of 1.035 billion euros or 0.21 euros per share for the fourth quarter.

read more
U.S. Pending Home Sales Unexpectedly Unchanged In September

U.S. Pending Home Sales Unexpectedly Unchanged In September

After reporting a sharp increase by pending home sales in the U.S. in the previous month, the National Association of Realtors released a report on Wednesday showing pending home sales unexpectedly came in flat in the month of September. NAR said its pending homes sales index was unchanged at 74.8 in September after surging by 4.2 percent in August.
RTTNews | 21分鐘前
Bank Of Canada Cuts Interest Rates By Another Quarter Point

Bank Of Canada Cuts Interest Rates By Another Quarter Point

The Bank of Canada on Wednesday announced its widely expected decision to lower interest rates once again, cutting rates by a quarter point for the second consecutive meeting. The Canadian central bank said it reduced its target for the overnight rate by 25 basis points to 2.25 percent, with the Bank Rate at 2.5 percent and the deposit rate at 2.20 percent.
RTTNews | 23分鐘前
Bay Street Likely To Open Higher; BoC, Fed Rate Announcements Eyed

Bay Street Likely To Open Higher; BoC, Fed Rate Announcements Eyed

Canadian stocks are likely to open on a positive note on Wednesday, tracking firm oil and metal prices. Expectations of interest rate cuts by the Bank of Canada and the Federal Reserve may also contribute to a steady open on Bay Street.
RTTNews | 2小時0分鐘前
FTSE 100 Advances As Miners, Pharma Stocks Rally

FTSE 100 Advances As Miners, Pharma Stocks Rally

The U.K. market is up firmly in positive territory on Wednesday, led by gains in mining and pharmaceutical sectors, thanks to a rebound in metal prices and stronger than expected earnings from drug major GSK.
RTTNews | 2小時38分鐘前
Pound Slides Amid UK Fiscal Concerns

Pound Slides Amid UK Fiscal Concerns

The British pound weakened against other major currencies in the European session on Wednesday, as investors expect that UK Chancellor of the Exchequer Rachel Reeves will have to make tough decisions over where to raise taxes and reduce spending in the approaching Autumn Budget.
RTTNews | 3小時8分鐘前
CAC 40 Flat In Cautious Trade Ahead Of Fed Rate Decision

CAC 40 Flat In Cautious Trade Ahead Of Fed Rate Decision

French stocks are mostly subdued Wednesday morning with investors largely refraining from making significant moves while awaiting the Federal Reserve's monetary policy announcement later in the day, and looking ahead to the European Central Bank's rate decision and the meeting of U.S. President Donald Trump and his Chinese counterpart Xi Jinping on Thursday.
RTTNews | 3小時29分鐘前
DAX Moves In Tight Range; Earnings, Fed Policy Announcement In Focus

DAX Moves In Tight Range; Earnings, Fed Policy Announcement In Focus

German stocks are turning in a mixed performance on Wednesday with investors mostly reacting to corporate earnings announcements and awaiting the Federal Reserve's interest rate decision due later in the day. The European Central Bank is scheduled to announce its monetary policy on Thursday.
RTTNews | 4小時29分鐘前