DAX Dips Ahead Of Powell's Speech

RTTNews | 946 days ago
Stocktwits
DAX Dips Ahead Of Powell's Speech

(RTTNews) - German stocks were moving lower on Tuesday after two Federal Reserve officials said the fed funds rate will need to surpass 5 percent in order to get inflation under control.

Investors looked ahead to Fed Chair Jerome Powell's speech later in the day for additional clues on the economic and rate outlook.

The benchmark DAX slipped 41 points, or 0.3 percent, to 14,752 after rallying 1.3 percent the previous day.

Rate-sensitive tech stocks dropped, with Infineon Technologies falling 1.3 percent. Zalando, which operates an online platform for fashion and lifestyle products, traded around 6 percent lower, leading losses.

Banks fell, with Deutsche Bank losing 0.6 percent.

Adidas, BASF, Covestro, Fresenius, Merck and Siemens Energy were down 1-2 percent.

Stocktwits
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Swiss Market Ends On Firm Note

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RTTNews | 3h 22min ago
European Stocks Close Mostly Higher

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RTTNews | 3h 40min ago
Bay Street Likely To Open On Positive Note

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RTTNews | 8h 24min ago
U.S. Dollar Extends Fall Amid Fed Rate Cut Speculation

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RTTNews | 8h 50min ago
CAC 40 Up Nearly 0.5%; Essilor Rises Sharply

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RTTNews | 10h 1min ago
DAX Notably Higher As Fed Rate Cut Hopes, Easing Trade Tensions Lift Sentiment

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The German market is up firmly in positive territory on Wednesday, with stocks from several sectors posting solid gains, amid expectations of a rate cut by the Federal Reserve next month, and on hopes that the impact of tariffs on growth will be less severe than feared earlier. Investors are also digesting the nation's inflation data.
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