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DAX Slips On Hawkish Fed
(RTTNews) - German stocks slipped into the red on Thursday after Fed forecasts showed the U.S. central bank sees its benchmark interest rate reaching 4.4 percent by end-2022 and rising even further in 2023.
The Bank of England meets later in the day, with economists expecting a 75-bps rate hike.
Earlier today, the SNB hiked borrowing costs by 75 basis points to 0.5 percent, up from the previous level of -0.25 percent set in June.
The benchmark DAX was down 40 points, or 0.3 percent, at 12,726 after rising 0.8 percent the previous day.
Tech stocks fell, with Infineon Technologies losing 1.5 percent.
Travel-related stocks were also on the decline, with TUI giving up nearly 1 percent.
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U.S. Dollar Falls Against Majors
The U.S. dollar weakened against other major currencies in the Asian session on Thursday.
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15 minutes ago
European Shares Seen Higher At Open
European stocks are seen opening broadly higher on Thursday even as Nvidia's disappointing sales forecast raised concerns about the AI spending boom.
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1h 44min ago
Sensex Nifty Decline On Tariff Worries
Indian shares opened on a sluggish note on Thursday after U.S. President Donald Trump's 50 percent tariffs on Indian goods came into effect, impacting trade worth billions of dollars and risking Washington-New Delhi ties.
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2h 36min ago
European Economic News Preview: Eurozone Economic Sentiment Data Due
Economic confidence and monetary aggregates from the euro area and flash GDP from Switzerland are the top economic news due on Thursday. At 3.00 am ET, the State Secretariat for Economic Affairs is slated to release Swiss GDP data for the second quarter. The economy is expected to grow 0.1 percent sequentially after rising 0.5 percent in the first quarter.
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2h 37min ago
Australian Market Trims Early Losses In Mid-market
The Australian market is trimming early losses in mid-market moves on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.
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4h 3min ago
Asian Markets Trade Mostly Higher
Asian stock markets are mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, as traders remain optimistic the US Fed will cut interest rates at their next meeting in September. They also remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the Fed's preferred readings on consumer price inflation.
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4h 18min ago
Sensex, Nifty Set To Open Lower As New U.S. Tariffs Take Effect
Indian shares may open on a weak note on Thursday after U.S. President Donald Trump's 50 percent tariffs on Indian goods came into effect on Wednesday.
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4h 49min ago
Swiss Market Settles Modestly Higher
The Switzerland market closed modestly higher on Wednesday after staying firm right through the day's session, thanks to fairly strong buying at several counters.
The benchmark SMI closed up by 46.23 points or 0.38% at 12,207.12. The index moved between 12,166.23 and 12,226.36 during the session.
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5h 1min ago
