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DAX Little Changed In Lackluster Trade
(RTTNews) - German stocks were little changed on Tuesday as investors reacted to gloomy regional data released the previous day and hawkish comments from Federal Reserve officials.
The benchmark DAX was marginally higher at 15,249 after losing 0.9 percent in the previous session.
Heavyweight banks were subdued, with Commerzbank falling nearly 1 percent. Automakers BMW and Mercedes Benz were seeing marginal gains while Volkswagen dropped 0.6 percent.
The euro traded lower as investors weigh an uncertain economic outlook.
Rising wages in the euro zone are underpinning inflation in the bloc but wage growth will likely moderate in the coming months, ECB chief economist Philip Lane told an event in the Lithuanian capital Vilnius earlier today.
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Swiss Market Ends Marginally Down
After a weak start and a subsequent long spell in negative territory, the Switzerland market briefly moved above the flat line in late afternoon trade on Wednesday, but failed to sustain momentum and settled marginally down with a few frontline stocks turning weak again.
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33 minutes ago
European Markets Close Mixed After Cautious Session
European stocks turned in a mixed performance on Wednesday with investors digesting regional economic data, and awaiting the Federal Reserve's monetary policy announcement due later in the day.
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1h 2min ago
Canadian Market Modestly Higher At Noon; BoC Lowers Interest Rate
Canadian stocks are up in positive territory around noon on Wednesday with investors reacting to the Bank of Canada's decision to cut interest rates by 25 basis points. The recent weak labor market data and economic slowdown have raised prospects of further easing by the Canadian central bank.
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2h 28min ago
Bank Of Canada Lowers Interest Rates By A Quarter Point
After leaving interest rates unchanged for three straight meetings, the Bank of Canada on Wednesday announced its widely expected decision to lower rates by a quarter point. The Bank of Canada said it decided to reduce its target for the overnight rate by 25 basis points to 2.5 percent, with the Bank Rate at 2.75 percent and the deposit rate at 2.45 percent.
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3h 10min ago
U.S. Housing Starts Pull Back Much More Than Expected In August
After reporting significant increases in new residential construction in the U.S. over the two previous months, the Commerce Department released a report on Wednesday showing housing starts pulled back by much more than expected in the month of August. The Commerce Department said housing starts plummeted by 8.5 percent to an annual rate of 1.307 million in August.
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4h 10min ago
UK Inflation Unchanged At 3.8%
U.K. consumer price inflation remained sticky in August on higher food prices, official data showed Wednesday, ahead of the policy announcement by the Bank of England on Thursday. The consumer price index rose 3.8 percent on a yearly basis in August, the same rate of increase as seen in July, the Office for National Statistics reported. Inflation matched economists' expectations and stood well ab
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5h 21min ago
U.S. Housing Starts Plunge 8.5% In August, Much More Than Expected
After reporting significant increases in new residential construction in the U.S. over the two previous months, the Commerce Department released a report on Wednesday showing housing starts pulled back by much more than expected in the month of August.
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5h 53min ago
Bay Street Seen Opening On Cautious Note; BoC, Fed Rate Decisions Eyed
The Canadian market is likely to open on a cautious note on Wednesday, with investors awaiting monetary policy announcements from the Bank of Canada and the Federal Reserve. Weak commodity prices may weigh on resources stocks.
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6h 33min ago
