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DAX Edges Higher Led By Banks

RTTNews | 693 days ago

DAX Edges Higher Led By Banks

(RTTNews) - German stocks were seeing modest gains on Wednesday ahead of Federal Reserve chairman Jerome Powell's testimony before the House Financial Services Committee and the Senate Banking Committee.

The benchmark DAX was up 29 points, or 0.2 percent, at 16,140 after declining 0.6 percent in the previous session.

Banks traded higher as German two-year government bond yields surged to their highest level since March 10 after the release of stronger than expected U.K. inflation data. Commerzbank gained 1.2 percent and Deutsche Bank rallied 1.7 percent.

Deutsche Lufthansa added 1.5 percent. The airline has signed a deal with Swedish lender, SEB Kort Bank AB, to sell its travel payment solutions business Lufthansa AirPlus Servicekarten GmbH, for around 450 million euros.

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Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the European session on Wednesday.

RTTNews | 1h 24min ago

FTSE 100 Flat As Stocks Move In Tight Range

FTSE 100 Flat As Stocks Move In Tight Range

U.K. stocks are mostly subdued in lackluster trade on Wednesday as investors react to a mixed batch of earnings announcements, and await more economic data from the U.S., and clarity about Trump administration's stance on tariffs with regard to European countries.

RTTNews | 1h 59min ago

CAC 40 Down 0.66%; Bouygues Rises Sharply On Earnings

CAC 40 Down 0.66%; Bouygues Rises Sharply On Earnings

French stocks are exhibiting weakness on Wednesday, snapping a four-session winning streak, as investors focus on earnings and other corporate news, and await more economic data for directional clues. Some profit taking is also contributing to market's weakness.

RTTNews | 2h 20min ago

Sensex, Nifty End Choppy Session Modestly Higher

Sensex, Nifty End Choppy Session Modestly Higher

Indian shares ended modestly higher on Wednesday as signs of easing retail inflation sparked hopes for more rate cuts from the Reserve Bank of India in coming months.

RTTNews | 2h 25min ago

DAX Drifts Lower In Cautious Trade; Brenntag Down Sharply On Lower Earnings

DAX Drifts Lower In Cautious Trade; Brenntag Down Sharply On Lower Earnings

German stocks are down in negative territory on Wednesday with investors mostly making cautious moves after recent gains in the wake of the U.S. and China striking a trade deal, and somewhat soft U.S. consumer price inflation data.

RTTNews | 2h 42min ago

European Shares Drift Lower In Lackluster Trade

European Shares Drift Lower In Lackluster Trade

European stocks were slightly lower in cautious trade on Wednesday while the dollar extended losses as benign U.S. inflation data prompted traders to pare back Fed rate cut bets for this year.

RTTNews | 3h 34min ago

Asian Shares Mixed; Hang Seng Rises Over 2% On Earnings Optimism

Asian Shares Mixed; Hang Seng Rises Over 2% On Earnings Optimism

Asian stocks turned in a mixed performance on Wednesday as investors digested softer-than-expected inflation data from the U.S. and awaited more clarity on ongoing trade talks.

RTTNews | 4h 2min ago

Indian Rupee Falls To 5-day Low Against U.S. Dollar

Indian Rupee Falls To 5-day Low Against U.S. Dollar

The Indian rupee weakened against the U.S. dollar in the Asian session on Wednesday.

RTTNews | 4h 23min ago

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