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DAX Edges Higher On Earnings
(RTTNews) - German stocks traded higher on Wednesday as investors reacted to upbeat earnings news and awaited U.S. consumer price inflation data later in the day for directional cues.
The benchmark DAX was up 33 points, or 0.2 percent, at 19,067 after losing 2.1 percent on Tuesday. The upside was capped due to unease over a jump in regional bond yields. Tech stocks traded lower, with Infineon falling 2.2 percent.
Siemens Energy soared almost 20 percent after the utility sector supplier raised its mid-term targets and set a new record for its order book.
RWE jumped 8.2 percent after the company announced a €1.5 billion share buyback program. Insurer Allianz rose 1.2 percent after slightly lifting its guidance for full-year profit.
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CAC 40 Moderately Lower In Cautious Trade
French stocks are under a bit of pressure on Wednesday amid uncertainty about Ukraine-Russia peace talks, and a lack of positive progress on the trade front. The recent downgrade of U.S. sovereign credit rating by Moody's weigh as well on investor sentiment.
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18分前
Sensex, Nifty Snap Three-day Losing Streak
Indian shares eked out modest gains on Wednesday, after having suffered heavy losses in the previous session amid rising geopolitical tensions, growing concerns over U.S. debt and a spike in Covid-19 cases in Southeast Asia.
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24分前
DAX Drifts Lower On Geopolitical Concerns
German stocks are down in negative territory on Wednesday as investors make cautious moves, awaiting fresh news on the trade front. The impasse in Ukraine peace talks and data showing a bigger than expected increase in UK inflation weigh on sentiment.
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46分前
European Shares Drift Lower With Trump's Tax Bill In Focus
European stocks fell from nine-week highs on Wednesday as investors fretted about the lack of progress on trade deal and closely monitored discussions on the U.S. budget bill and federal deficit.
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1時32分前
Asian Shares Rise In Cautious Trade; Nikkei Drops On Yen Strength
Asian stocks ended mostly higher on Wednesday, with Japanese markets underperforming as the yen continued to strengthen on BoJ rate hike bets and data showed Japan's export growth continued to decelerate for the second consecutive month.
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1時58分前
U.S. Dollar Falls Amid Risk-on Mood, Fed Rate Cut Bet
The U.S. dollar weakened against other major currencies in the Asian session on Wednesday amid increased risk-on mood, as some traders are still looking to cash in on the strong upside in the markets seen over the past several weeks. Furthermore, growing market acceptance that the Federal Reserve (Fed) will lower interest rates further this year amid evidence of diminishing inflationary pressure and a dismal growth forecast, also pushed the USD lower.
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3時6分前
Japan Exports Growth Softens On Higher Trade Tariffs
Japan's exports grew at a slower pace in April largely due to the higher tariffs imposed by the US administration, official data revealed Wednesday. Exports climbed 2.0 percent on a yearly basis in April, slower than the 4.0 percent increase in March, the Ministry of Finance reported. Exports have been rising since last September and the latest growth matched economists' expectations.
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4時19分前
European Shares May Struggle At Open
European stocks are seen opening little changed on Wednesday, with U.S. fiscal concerns, geopolitical tensions and the Fed outlook likely to be in focus.
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5時13分前
