DAX Little Changed As Early Rate-cut Hopes Fade

RTTNews | 625 days ago
DAX Little Changed As Early Rate-cut Hopes Fade

(RTTNews) - German stocks were little changed on Wednesday as hotter-than-expected U.S. inflation data dented hopes for early rate cuts and geopolitical tensions continued in the Middle East and eastern Europe.

The benchmark DAX was marginally lower at 16,875 after declining 0.9 percent in the previous session.

Industrial services provider Bilfinger jumped 5.6 percent after bagging a large-scale maintenance contract from INEOS for the Forties Pipeline System.

Thyssenkrupp shares plummeted 9 percent after the engineering and steel conglomerate cut its full-year sales and profit targets, citing weakening demand and impairment losses in its fiscal first quarter.

Delivery Hero soared 4.5 percent. The online food company said it expects its organic cash flow generation to be more than sufficient to settle bond and debt maturities.

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European Shares Subdued Before Key Inflation Reading

European Shares Subdued Before Key Inflation Reading

European stocks drifted lower on Friday, and the euro consolidated losses ahead of key Eurozone inflation data due later in the day. Earlier in the day, data showed that French consumer price inflation slowed further below the European Central Bank's target in October despite an unexpectedly strong upswing in the economy.
RTTNews | 1h 22min ago
Asian Shares Mixed; Nikkei Sets New Record As Tech Stocks Surge

Asian Shares Mixed; Nikkei Sets New Record As Tech Stocks Surge

Asian stocks ended mixed on Friday, with Japan's Nikkei hitting a record high on the back of a weaker yen and strong gains in the tech sector while Chinese and Hong Kong markets retreated after a survey showed China's factory activity shrank for a seventh month in October.
RTTNews | 1h 41min ago
Japan Industrial Output Rebounds; Tokyo Inflation Accelerates

Japan Industrial Output Rebounds; Tokyo Inflation Accelerates

Japan's industrial production rebounded at a stronger-than-expected pace at the end of the third quarter and inflation in Tokyo accelerated further in October, official data revealed Friday. Industrial output advanced 2.2 percent month-on-month, in contrast to the 1.5 percent drop in August, the Ministry of Economy, Trade and Industry said. Output was forecast to grow moderately by 1.5 percent.
RTTNews | 3h 35min ago
European Shares Seen Tad Lower At Open

European Shares Seen Tad Lower At Open

European markets may open slightly lower on Friday, although tech stocks may rise following strong earnings from e-commerce giant Amazon and iPhone maker Apple.
RTTNews | 4h 44min ago
NZ Dollar Falls Against Majors

NZ Dollar Falls Against Majors

The New Zealand dollar weakened against other major currencies in the Asian session on Friday.
RTTNews | 4h 48min ago
European Economic News Preview: Eurozone Flash Inflation Data Due

European Economic News Preview: Eurozone Flash Inflation Data Due

Flash inflation from the euro area and France are the top economic news due on Friday, headlining a busy day for the European economic news. At 3.00 am ET, Destatis is scheduled to issue Germany's retail sales and import prices. Sales are forecast to grow 0.2 percent month-on-month, reversing a 0.2 percent fall in August. Economists expect import prices to drop 0.2 percent.
RTTNews | 5h 1min ago
Sensex, Nifty Modestly Higher In Early Trade

Sensex, Nifty Modestly Higher In Early Trade

Indian shares were slightly higher on Friday despite mixed cues from global markets. The benchmark BSE Sensex was up 180 points, or 0.2 percent, at 84,583 in early trade, while the broader NSE Nifty index edged up by 38 points, or 0.2 percent, to 25,915.
RTTNews | 5h 58min ago