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DAX Holds Steady Ahead Of Fed Decision
(RTTNews) - German stocks were steady on Wednesday as investors reacted to mixed manufacturing data from China and awaited the Federal Reserve's interest-rate decision later in the day for direction.
The benchmark DAX was up 0.1 percent at 15,144 after ending marginally higher the previous day.
Hannover Re shares slumped 4.3 percent. In order to take account of the growth in the property and casualty reinsurance portfolio and the increased loss expectation from natural catastrophes, the reinsurer has increased its net major-loss budget for 2023 to 1.725 billion euros.
Software AG plunged 13 percent. The company reported that, on an organic basis, EBIT was 43.1 million euros in the fourth quarter compared to 32.2 million euros, prior year.
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U.S. Weekly Jobless Claims Unexpectedly Edge Down To 227,000
A report released by the Labor Department on Thursday unexpectedly showed a slight decline by first-time claims for U.S. unemployment benefits in the week ended May 17th. The Labor Department said initial jobless claims edged down to 227,000, a decrease of 2,000 from the previous week's unrevised level of 229,000. The dip surprised economists, who had expected jobless claims to inch up to 230,000.
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28 minutes ago
U.S. Weekly Jobless Claims Unexpectedly Edge Slightly Lower
A report released by the Labor Department on Thursday unexpectedly showed a slight decline by first-time claims for U.S. unemployment benefits in the week ended May 17th.
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1h 36min ago
Euro Weakens After German Composite PMI Falls
The euro weakened against other major currencies in the European session on Thursday, following the release of Germany's composite output index for May.
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1h 40min ago
Bay Street Likely To Open On Weak Note
It's likely to be a weak start for stocks on Bay Street Thursday morning as investors may tread cautiously amid concerns about U.S. fiscal deficit, and continued uncertainty surrounding Trump administration's tariff moves.
Weak crude oil and metal prices are likely to hurt as well.
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1h 46min ago
FTSE 100 Notably Lower; Johnson Matthey Soars 32%
U.K. stocks are down in negative territory on Thursday afternoon, in line with other major markets in Europe, as worries about U.S. fiscal deficit and rising bond yields weigh on equities. Investors, digesting the nation's economic data, are also awaiting more clarity on U.S. President Donald Trump's tariff plans.
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2h 12min ago
Eurozone Private Sector Shrinks For First Time In 5 Months
The euro area private sector logged a renewed fall in May due to a sharp downturn in services activity, flash purchasing managers' survey compiled by S&P Global showed on Thursday. The flash composite output index fell to 49.5 in May from 50.4 in April. The score fell below the 50.0 no-change mark for the first time in five months.
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2h 23min ago
Euro Falls Against Majors
The euro weakened against other major currencies in the Asian session on Thursday.
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2h 31min ago
CAC 40 Down Nearly 1% On Growth Concerns
French stocks are drifting lower on Thursday amid rising concerns over a deteriorating U.S. fiscal outlook, a lack of clarity on tariff negotiations. Data showing a notable drop in France's manufacturing sentiment index is also weighing on stocks.
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2h 51min ago
