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DAX Slips On Hawkish Fed
(RTTNews) - German stocks traded lower on Friday after Federal Reserve Chair Jerome Powell said the U.S. central bank might raise rates again if deemed appropriate.
A jump in U.S. bond yields following a weak Treasury auction also dented rate cut hopes. The benchmark DAX was down 70 points, or half a percent, at 15,282 after rising 0.8 percent in the previous session.
IT company Bechtle plunged 5.6 percent despite reporting higher earnings and revenue for the third quarter.
Insurer Allianz jumped more than 3 percent after confirming its 2023 operating profit target.
United Internet AG shares rose about 1 percent. The telecom firm has revised up its EBITDA outlook for the full year while reiterating sales guidance.
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U.S. Dollar Drops Against Majors
The U.S. dollar fell against its major counterparts in the New York session on Friday.
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5小時3分鐘前
U.S. Govt Has Started To Fire Federal Workers
The U.S. government has started to layoff federal employees, the Office of Management and Budget's chief Russell Vought said on the 10th day of the shutdown. In a post on the social media platform X, Vought said, "The RIFs have begun." RIF is an acronym for reduction in force.
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5小時52分鐘前
SMI Sheds Over 1% As Stocks Tumble In Final Hour
After moving along the flat line till the penultimate hour of the day's trading session on Friday, Switzerland's benchmark index SMI tumbled in the final hour, as trade tensions intensified after U.S. President Donald Trump threatened to impose massive tariffs on Chinese imports.
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9小時15分鐘前
European Stocks Tumble As Trump Threatens Massive Tariffs On Chinese Imports
European stocks fell sharply on Friday as trade tensions intensified after U.S. President Donald Trump threatened that he will raise tariffs on Chinese imports, following China's decision to expand export controls on rare earth metals.
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9小時39分鐘前
TSX Down 0.7%, Looks Headed For Another Weak Close
After opening slightly higher and advancing further, the Canadian market slipped into negative territory Friday morning, pushed down by losses in healthcare, energy and technology sectors.
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11小時13分鐘前
U.S. Consumer Sentiment Virtually Unchanged In October
A report released by the University of Michigan on Friday showed its reading on U.S. consumer sentiment was virtually unchanged in the month of October.
The University of Michigan said its consumer sentiment index edged down to 55.0 in October from 55.1 in September. Economists had expected the index to slip to 54.2.
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11小時25分鐘前
Calico Brands Recalls 175K Scripto Premium Torches Sold At Walmart, Home Depot
Ontario, California-based Calico Brands is recalling about 175 thousand units of Scripto Premium Torches citing risks of injury or death from fires and burns, according to the U.S. Consumer Product Safety Commission. The recall involves the Scripto Premium Torch with UPC number "0-70257-52226-6".
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13小時2分鐘前
Bay Street May Open Flat; Jobs Data In Focus
Futures point to a flat start for the Canadian market Friday morning, but the nation's employment data, due before the opening bell, could well set the trend for stocks. Firm gold and silver prices are likely to trigger some strong buying in the materials sector.
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14小時40分鐘前
