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DAX Gains As Investors Look To Fed

RTTNews | 660 days ago

DAX Gains As Investors Look To Fed

(RTTNews) - German stocks advanced on Tuesday as focus shifted to upcoming Fed and BOE meetings.

Investors shrugged off government data showing that German retail sales fell for a fourth consecutive month in September due to persistently high inflation.

The real (price-adjusted) turnover of retail enterprises dropped 0.8 percent sequentially in September, following a 1.2 percent decrease in August, Destatis said. Germany's import prices fell 14.3 percent year-on-year during September while the index of export prices fell 4.1 percent, separate reports revealed.

The German DAX rose 85 points, or 0.6 percent, to 14,802 after closing up 0.2 percent the previous day.

Siemens Energy declined 1.5 percent after reports that it is considering selling stake in Indian-listed Siemens to former parent Siemens AG. Shares of the latter were up 0.7 percent.

Utility Uniper SE jumped 6.3 percent after it swung to a nine-month net profit of 9.77 billion euros ($10.35 billion).

Chemicals maker BASF rallied more than 4 percent as it unveiled fresh cuts to investment and measures to reduce operating costs. TeamViewer added 1.5 percent after backing its FY23 outlook.

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FTSE 100 Slips Ahead Of Speeches At Jackson Hole Symposium

FTSE 100 Slips Ahead Of Speeches At Jackson Hole Symposium

U.K. stocks are drifting down a bit on Thursday with investors largely staying cautious, digesting flash survey data on regional manufacturing and services sector activity, and looking ahead to the Jackson Hole Symposium.

RTTNews | 45 minutes ago

CAC 40 Moderately Lower

CAC 40 Moderately Lower

French stocks are exhibiting weakness on Thursday in cautious trade, with investors awaiting speeches from central bank chiefs at the Jackson Hole Symposium, which gets underway later in the day. Investors are also digesting flash survey figures on regional manufacturing and services sector activity in the month of August.

RTTNews | 1h 10min ago

Eurozone Private Sector Expands At Fastest Pace In 15 Months

Eurozone Private Sector Expands At Fastest Pace In 15 Months

Eurozone private sector expanded at the fastest pace in 15 months in August on stronger growth in manufacturing output despite challenges posed by U.S. trade tariffs. The HCOB flash composite output index climbed more-than-expected to 51.1 in August from 50.9 in July, survey results from S&P Global revealed Thursday. The score was seen at 50.7.

RTTNews | 1h 14min ago

DAX Down Marginally

DAX Down Marginally

German stocks are down in negative territory on Thursday with investors making cautious moves while looking ahead to Fed Chair Jerome Powell's speech at the Jackson Hole Symposium for clues about the central bank's likely move on rate cuts this year.

RTTNews | 1h 28min ago

Sensex, Nifty Extend Gains For Sixth Day On GST Optimism

Sensex, Nifty Extend Gains For Sixth Day On GST Optimism

Indian shares extended gains for a sixth day running on Thursday as investors continued to remain optimistic about S&P's rating upgrade for India, improving Sino-India relations and the Centre's plan to rationalize Goods and Services Tax (GST).

RTTNews | 1h 43min ago

Pound Rises Against Majors

Pound Rises Against Majors

The British pound strengthened against other major currencies in the European session on Thursday.

RTTNews | 2h 46min ago

European Shares Subdued Ahead Of Jackson Hole Summit

European Shares Subdued Ahead Of Jackson Hole Summit

European stocks were little changed on Thursday as investors looked ahead to Federal Reserve Chair Jerome Powell's speech at the Jackson Hole symposium for hints of possible rate cuts this year.

RTTNews | 2h 54min ago

Indian Rupee Rises To 2-day High On Upbeat India's PMI Data

Indian Rupee Rises To 2-day High On Upbeat India's PMI Data

The Indian rupee strengthened against the U.S. dollar in the European session on Thursday, after India's private sector activity expanded at the fastest pace on record amid sharp growth in new orders.

RTTNews | 3h 5min ago

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