Advertisement
DAX Rises In Cautious Trade
(RTTNews) - German stocks were a tad higher on Tuesday, as rising U.S. stock futures helped outweigh survey results showing that business activity in the eurozone contracted for a second straight month in August.
S&P Global's flash Composite Purchasing Managers' Index (PMI) dropped to 49.2 in August from 49.9 in July, while the PMI for Germany, Europe's biggest economy, fell to 47.6 from July's final reading of 48.1 due to high inflation and rising interest rates.
The benchmark DAX rose 58 points, or 0.4 percent, to 13,288 after plunging 2.3 percent in the previous session.
The euro remained under pressure and breached parity once against the dollar amid a deepening energy crisis in the region.
read more
Japan Interest Rate Decision Due On Thursday
The Bank of Japan will wrap up its monetary policy meeting on Thursday and then announce its decision on interest rates, highlighting a busy day for Asia-Pacific economic activity. The BoJ is widely expected to keep its benchmark lending rate steady at 0.50 percent.
RTTNews
|
15 minutes ago
Fed Leaves Interest Rates Unchanged In Divided Decision
The Federal Reserve on Wednesday announced its widely expected decision to leave interest rates unchanged for the fifth consecutive meeting. In support of its dual goals of maximum employment and inflation at the rate of 2 percent over the longer run, the Fed said it decided to maintain the target range for the federal funds rate at 4.25 to 4.50 percent.
RTTNews
|
3h 50min ago
Swiss Market Settles Lower After Choppy Session
The Switzerland market ended on a weak note on Wednesday despite spending much of the day's trading session in positive territory. The focus was on corporate earnings and the developments on the trade front.
RTTNews
|
4h 15min ago
European Stocks Close Mixed As Investors React To Earnings, Economic Data
European stocks turned in a mixed performance on Wednesday with investors largely reacting to earnings announcements, and awaiting the Federal Reserve's monetary policy announcement later in the day.
RTTNews
|
4h 40min ago
Canadian Market Modestly Lower As Investors Digest Earnings, BoC Rate Decision
Canadian stocks are turning in a mixed performance on Wednesday with investors digesting Bank of Canada's policy announcement, and reacting to a slew of corporate earnings updates.
RTTNews
|
5h 42min ago
U.S. Pending Home Sales Unexpectedly Decrease In June
Pending home sales in the U.S. unexpectedly decreased in the month of June, according to a report released by the National Association of Realtors on Wednesday. NAR said its pending home sales index slid by 0.8 percent to 72.0 in June after jumping by 1.8 percent to 72.6 in May. Economists had expected pending home sales to rise by 0.2 percent.
RTTNews
|
7h 16min ago
Bank Of Canada Leaves Interest Rates Unchanged For Third Straight Meeting
In a widely expected move, the Bank of Canada on Wednesday announced that it has once again decided to leave interest rates unchanged. The Bank of Canada said it decided to maintain its target for the overnight rate at 2.75 percent, with the Bank Rate at 3 percent and the deposit rate at 2.70 percent.
RTTNews
|
8h 0min ago
U.S. GDP Rebounds In Q2 Amid Sharp Pullback By Imports
The Commerce Department released a report on Wednesday showing the U.S. economy rebounded by more than expected in the second quarter of 2025. The report said real gross domestic product surged by 3.0 percent in the second quarter after falling by 0.5 percent in the first quarter. Economists had expected GDP to jump by 2.5 percent.
RTTNews
|
8h 10min ago
