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DAX Extends Losses As Risk Aversion Intensifies
(RTTNews) - German stocks fell notably on Friday, reflecting a risk-averse environment amid concerns over rising bond yields and the escalation of the Israel-Hamas conflict.
U.S. Treasury yields continued to rise in the wake of Fed Chair Jerome Powell's cautious comments on interest rates and President Joe Biden announcement that he would ask Congress for funding to aid Israel.
Israeli defense minister has ordered ground troops to prepare to see Gaza "from the inside", though he didn't indicate when the ground assault would begin.
The benchmark DAX was down 108 points, or 0.7 percent, at 14,936 after declining 0.3 percent in the previous session.
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Canadian Dollar Falls Against Most Majors
The Canadian dollar dropped against its most major counterparts in the New York session on Friday.
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21h 37min ago
Swiss Market Ends Modestly Higher As Stocks Rise In The Final Hour
After some positive moments till about an hour after the opening bell Friday morning, and a subsequent long spell in negative territory, the Swiss market climbed higher in the final hour to close on a firm note.
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1 day ago
European Markets Close Higher As Stocks Recover After Cautious Start
European stocks closed higher on Friday, and several markets in the region climbed to fresh highs, with investors reacting to the interest rate decisions by major central banks. Expectations of more monetary easing by the Federal Reserve contributed as well to the positive mood in the markets.
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1 day ago
TSX Climbs To New Record High As Technology, Materials Stocks Rise
After opening on a firm note, Canadian stocks gained further ground in positive territory Friday morning with several counters in materials, technology and healthcare sectors attracting strong buying interest.
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1 day ago
U.S. Consumer Sentiment Rebounds Less Than Previously Estimated In December
Consumer sentiment in the U.S. rebounded by less than previously estimates in the month of December, according to revised data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index for December was downwardly revised to 52.9 from a preliminary reading of 53.3. Economists had expected the index to be upwardly revised to 53.4.
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1 day ago
U.S. Existing Home Sales Rise Less Than Expected In November
Existing home sales in the U.S. saw a modest increase in the month of November, the National Association of Realtors revealed in a report released on Friday. NAR said existing home sales rose by 0.5 percent to an annual rate of 4.13 million in November after jumping by 1.5 percent to an upwardly revised rate of 4.10 million in October.
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1 day ago
Russia Cuts Key Rate By 50 Bps As Expected
Russia's central bank cut its interest rate by 50 basis points on Friday but reiterated that it will maintain policy tight to bring inflation back to the target. The Board of Directors, led by Governor Elvira Nabiullina, decided to cut the key rate to 16.00 percent from 16.50 percent. The decision matched market expectations. The bank has lowered the interest rate by 400 basis points since Jun
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1 day ago
Bay Street May Open Slightly Higher
The Canadian market, which snapped a four-day losing streak on Thursday, looks headed for a positive start Friday morning.
Canadian retail sales data, and U.S. PCE reading are likely to make an impact.
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1 day ago
