DAX Inches Higher On Mixed Data

RTTNews | 660 일 전

(RTTNews) - German stocks traded higher on Monday after data showed Germany's exports and imports rebounded in November.

Exports posted a monthly growth of 3.7 percent, reversing a fall of 0.4 percent in October, Destatis reported. Shipments were expected to rise moderately by 0.3 percent.

Likewise, imports gained 1.9 percent, following a 1.1 percent decrease. Economists had forecast a 0.2 percent rise.

Year-on-year, exports decreased 4.9 percent, the same pace of drop as logged in October. At the same time, the annual fall in imports softened to 12.1 percent from 14.3 percent.

Separate data revealed that Germany's factory orders rose less than expected in November.

Orders climbed 0.3 percent on a monthly basis in November, in contrast to the revised 3.8 percent decline in October. But the pace of expansion was weaker than the expected rate of 1.0 percent.

On a yearly basis, new orders declined 4.4 percent after a 7.3 percent decrease.

The benchmark DAX was up 34 points, or 0.2 percent, at 16,628 after closing 0.1 percent lower on Friday.

Evotec, a drug discovery and development company, climbed 1.1 percent after announcing progress within the strategic partnership with Bristol Myers Squibb.

Bayer rose half a percent as it reported positive top-line results of the Phase III studies OASIS 1 and 2 evaluating the efficacy and safety of the investigational compound elinzanetant versus placebo.

Boeing shares listed in Frankfurt slumped 6.5 percent after the Federal Aviation Administration (FAA) ordered airlines to temporarily ground some Boeing 737 Max 9 planes for safety inspections.

Swiss Market Ends On Weak Note

After spending a few minutes in positive territory at the start, Switzerland stock market's benchmark SMI drifted down and then stayed weak right through the trading session on Wednesday, with investors digesting corporate earnings updates and looking ahead to the Federal Reserve's rate decision due later in the day.

RTTNews | 51 분 전

Fed Announces Widely Expected Decision To Cut Rates By Another Quarter Point

After cutting interest rates for the first time this year in September, the Federal Reserve on Wednesday announced its widely expected decision to lower rates by another quarter point. The Fed said it decided to lower the target range for the federal funds rate by 25 basis points to 3.75 percent to 4.0 percent in support of its dual goals.

RTTNews | 1 시간 19 분 전

Major European Markets Close On Mixed Note Ahead Of Fed Rate Decision

European stocks turned in a mixed performance on Wednesday with investors reacting to a slew of earnings announcements, and looking ahead to the monetary policy announcement from the Federal Reserve later in the day, and the upcoming meeting between U.S. President Donald Trump and his Chinese counterpart Xi Jinping. Investors also looked ahead to the ECB's policy announcement due tomorrow.

RTTNews | 1 시간 20 분 전

Canadian Market Drifts Lower After BoC Rate Decision; Energy, Materials Shares Rise

The Canadian market is down in negative territory around noon on Wednesday, weighed down by losses in consumer, healthcare, industrials and real estate sectors. Investors are digesting the Bank of Canada's rate cut decision, and looking ahead to the Federal Reserve's interest rate announcement due later in the day.

RTTNews | 3 시간 29 분 전

U.S. Pending Home Sales Unexpectedly Unchanged In September

After reporting a sharp increase by pending home sales in the U.S. in the previous month, the National Association of Realtors released a report on Wednesday showing pending home sales unexpectedly came in flat in the month of September. NAR said its pending homes sales index was unchanged at 74.8 in September after surging by 4.2 percent in August.

RTTNews | 5 시간 32 분 전

Bank Of Canada Cuts Interest Rates By Another Quarter Point

The Bank of Canada on Wednesday announced its widely expected decision to lower interest rates once again, cutting rates by a quarter point for the second consecutive meeting. The Canadian central bank said it reduced its target for the overnight rate by 25 basis points to 2.25 percent, with the Bank Rate at 2.5 percent and the deposit rate at 2.20 percent.

RTTNews | 5 시간 35 분 전

Bay Street Likely To Open Higher; BoC, Fed Rate Announcements Eyed

Canadian stocks are likely to open on a positive note on Wednesday, tracking firm oil and metal prices. Expectations of interest rate cuts by the Bank of Canada and the Federal Reserve may also contribute to a steady open on Bay Street.

RTTNews | 7 시간 12 분 전

FTSE 100 Advances As Miners, Pharma Stocks Rally

The U.K. market is up firmly in positive territory on Wednesday, led by gains in mining and pharmaceutical sectors, thanks to a rebound in metal prices and stronger than expected earnings from drug major GSK.

RTTNews | 7 시간 50 분 전

EURUSD	1.15848	GBPUSD	1.31696	AUDUSD	0.65628
USDJPY	152.916	USDCAD	1.39492	USDCHF	0.80143