DAX Edges Higher On Dovish Fed Commentary

RTTNews | 693 days ago
DAX Edges Higher On Dovish Fed Commentary

(RTTNews) - German stocks traded higher on Thursday, with dovish comments from Federal Reserve officials and declining bond yields helping underpin sentiment ahead of U.S. CPI data due out later in the day.

The benchmark DAX was up 84 points, or half a percent, at 15,543 after edging up 0.2 percent in the previous session.

Siemens Energy rose about 1 percent after it has agreed to sell its Trench business to investment firm Triton as part of many strategic decisions to sharpen its focus on its core business. The financial terms of the deal were not disclosed.

Wind turbine maker Nordex was down half a percent after reporting a decline in the average selling price per megawatt of output in the third quarter of 2023 due to regional mix effects.

Sugar producer Suedzucker was marginally lower despite lifting its full-year earnings forecast.

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Eurozone Retail Sales Fall More Than Forecast

Eurozone Retail Sales Fall More Than Forecast

Eurozone retail sales declined more than expected in July largely reflecting a notable fall in food and auto fuel sales, official data showed Thursday. Retail sales posted a monthly fall of 0.5 percent, in contrast to the 0.6 percent increase in June, Eurostat reported. Sales were expected to fall 0.3 percent.
RTTNews | 27 minutes ago
UK Construction Sector Continues To Shrink

UK Construction Sector Continues To Shrink

The UK construction sector contracted for the eighth consecutive month in August due to marked reductions in the housing and civil engineering works, survey data published by S&P Global showed on Thursday. The construction Purchasing Managers' Index posted 45.5 in August, up from 44.3 in July. However, the score remained well below the 50.0 mark indicating sharp fall in construction output.
RTTNews | 46 minutes ago
European Shares Mostly Higher Before Debt Sales

European Shares Mostly Higher Before Debt Sales

European stocks were mostly higher on Thursday as bond market worries subsided, and investors awaited Eurozone retail sales data as well as debt auctions in France and the United Kingdom for direction.
RTTNews | 1h 15min ago
Asian Shares Mostly Higher; China And Hong Kong Markets Buck Trend

Asian Shares Mostly Higher; China And Hong Kong Markets Buck Trend

Asian stocks rose broadly on Thursday, even as Chinese and Hong Kong markets ended sharply lower following reports that China's financial regulators are considering a number of cooling measures for the stock market, including lifting certain short selling restrictions, increasing checks on speculative trades, and discouraging heavy retail participation.
RTTNews | 1h 35min ago
German Construction Sector Downturn Deepens

German Construction Sector Downturn Deepens

Germany's construction sector shrank further in August largely due to the steep fall in new orders, survey results from S&P Global showed on Thursday. The HCOB construction Purchasing Managers' Index fell to 46.0 in August from July's 29-month high of 46.3.
RTTNews | 1h 59min ago
Australia Trade Surplus At 17-Month High; Household Spending Growth Rises

Australia Trade Surplus At 17-Month High; Household Spending Growth Rises

Australia's trade surplus surged to the highest level in more than a year in July and household spending growth accelerated for the third straight month in July, official data showed on Thursday. The trade surplus increased unexpectedly to A$7.3 billion in July from A$5.4 billion in June, the Australian Bureau of Statistics said.
RTTNews | 2h 58min ago
Sensex, Nifty Rally On GST Rejig

Sensex, Nifty Rally On GST Rejig

Indian shares opened on a buoyant note on Thursday after Finance Minister Nirmala Sitharaman announced significant GST rate cuts, effective September 22.
RTTNews | 5h 38min ago