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DAX Rebounds After Tuesday's Selloff
(RTTNews) - German stocks were moving higher on Wednesday after suffering heavy losses in the previous session on concerns over heightened geopolitical tensions in the Middle East and uncertainty over the Federal Reserve's rate trajectory.
The benchmark DAX was up 84 points, or half a percent, at 17,850 after losing 1.4 percent the previous day.
Adidas jumped 6.4 percent. The sportswear giant upped its full-year guidance after posting better-than-expected preliminary results for the first quarter.
HELLA GmbH & Co. KgaA, an automotive parts supplier, edged up slightly after sales for the first quarter came in unchanged from last year.
Continental lost 4.3 percent after reporting preliminary Q1 results below market expectations.
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Canadian Dollar Eases Against Most Majors
The Canadian dollar retreated against its most major counterparts in the New York session on Friday.
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13 시간 59 분 전
Swiss Market Ends On Weak Note; Pharma Stocks Among Major Losers
The Switzerland market ended notably lower on Friday after languishing in negative territory right through the day's session.
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17 시간 47 분 전
European Markets Close Mostly Flat
The major European markets closed roughly flat on Friday as the mood turned cautious with investors awaiting Fitch's review of France's sovereign rating. Shares from automobile, banking and healthcare sectors were among the laggards, while mining stocks found fairly good support.
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18 시간 30 분 전
Canadian Market Drifts Lower On Profit Taking
Despite rising odds of interest rate cuts by the Bank of Canada and the Federal Reserve next week, the Canadian market is down in negative territory on Friday, taking a breather after consistently hitting record highs over the past several sessions.
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19 시간 23 분 전
U.S. Consumer Sentiment Deteriorates Much More Than Expected In September
Preliminary data released by the University of Michigan on Friday showed consumer sentiment in the U.S. has deteriorated by much more than anticipated in the month of September. The University of Michigan said its consumer sentiment index fell to 55.4 in September from 58.2 in August. Economists had expected the index to edge down to 58.0.
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21 시간 4 분 전
UK Economy Flatlines In July
The UK economy stagnated in July, posing further challenges to Chancellor Rachel Reeves as any tax hikes or spending cuts would again dampens activity. Real gross domestic product showed no growth in July, as expected, after rising 0.4 percent in June, the Office for National Statistics reported Friday.
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22 시간 37 분 전
Bay Street Likely To Open On Mixed Note
Canadian shares may open on a mixed note Friday morning as investors are likely to take some profits after recent gains. Firm gold and oil prices may push up resources stocks.
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23 시간 17 분 전
Russia Central Bank Cuts Rate By 100 Bps
Russia's central bank slashed its benchmark interest rate for the third time this year as higher lending rates weigh on business activity and damp economic recovery. The Board of Directors of Bank of Russia, governed by Elvira Nabiullina, decided to cut the key interest rate by 100 basis points to 17.00 percent from 18.00 percent.
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23 시간 30 분 전
