DAX Rebounds After Tuesday's Selloff
(RTTNews) - German stocks were moving higher on Wednesday after suffering heavy losses in the previous session on concerns over heightened geopolitical tensions in the Middle East and uncertainty over the Federal Reserve's rate trajectory.
The benchmark DAX was up 84 points, or half a percent, at 17,850 after losing 1.4 percent the previous day.
Adidas jumped 6.4 percent. The sportswear giant upped its full-year guidance after posting better-than-expected preliminary results for the first quarter.
HELLA GmbH & Co. KgaA, an automotive parts supplier, edged up slightly after sales for the first quarter came in unchanged from last year.
Continental lost 4.3 percent after reporting preliminary Q1 results below market expectations.
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RBA Minutes On Tap For Tuesday
The Reserve Bank of Australia will on Tuesday release the minutes from its May 7 monetary policy meeting, highlighting a light day for Asia-Pacific economic activity.
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4小時51分鐘前
Dollar Stays Firm Against Major Counterparts
The U.S. dollar stayed largely positive on Monday with traders assessing the likely moves of the Federal Reserve with regard to interest rates.
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5小時50分鐘前
SMI Hits New 52-week High, Ends On Strong Note Again
The Switzerland market ended on a firm note on Monday, extending its long winning streak, as the mood continued to remain positive thanks to strong quarterly earnings, and expectations of interest rate cuts.
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9小時12分鐘前
European Stocks Close Broadly Higher After Cautious Session
European stocks closed a bit higher on Monday as expectations that the stimulus measures announced by China last week will help revive the property sector in the world's second largest economy, and optimism about interest rate cuts in the coming months helped underpin sentiment in European markets.
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9小時43分鐘前
Jabil Confirms Q3 Outlook; Withdraws FY25 Outlook; Appoints Michael Dastoor CEO, Gregory Hebard CFO
Jabil Inc. (JBL) announced Monday it is confirming the previously provided third-quarter guidance for net revenue of $6.2 billion to $6.8 billion, earnings of $0.82 to $1.38 per share and core earnings of $1.65 to $2.05 per share.
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12小時16分鐘前
U.S. Dollar Dropped Last Week On Softer Inflation
An expected softening in inflation readings in the U.S. triggered the U.S. dollar's decline against major currencies during the week ended May 17.
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13小時1分鐘前
Kyndryl Partners NVIDIA To Offer AI-Powered Business Solutions
Kyndryl Holdings, Inc. (KD), a technology infrastructure services provider, announced Monday a collaboration with NVIDIA Corp. (NVDA) to accelerate the development, implementation and use of AI-powered insights and business outcomes.
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13小時36分鐘前
GM Defense, Mistral Ink Strategic Collaboration To Enhance Tactical Capability
GM Defense, a subsidiary of General Motors Co. (GM), and Mistral, Inc., announced Monday the integration of the innovative UVision and Mistral's Hero-120 loitering munition with GM Defense's light tactical utility vehicle.
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14小時5分鐘前
