Hawkish Rhetoric Drags Down DAX

RTTNews | 1048 days ago
Hawkish Rhetoric Drags Down DAX

(RTTNews) - The German stock market benchmark DAX dropped more than a percent amidst an unexpected hawkish stance in the Fed's monetary policy guidance. Anxiety ahead of the ECB's interest rate review also dampened sentiment.

The forty-scrip DAX index is currently trading at 14,293.05, down 1.2 percent on an overnight basis. The day's trading has been within the range of 14,261.55 and 14,361.05.

Except for Heidelberg Cement, all the scrips in the 40-scrip index are trading in an overnight negative territory.

Zalando, Siemens Energy, Deutsche Post, adidas and Puma, have all dropped more than 3 percent.

The EUR/USD pair is at 1.0620, shedding 0.58 percent overnight whilst the US Dollar Index gained 0.48 percent to 104.26.

Ahead of the ECB review, the ten-year bond yield has decreased 0.70 percent to 1.9185%, versus 1.9320% at the previous close. The pan-European STOXX 600 is currently trading at 437.30, down 1.2 percent on an overnight basis.

read more
PayPal Lifts FY25 Outlook Above Market, Teams With OpenAI; Stock Up

PayPal Lifts FY25 Outlook Above Market, Teams With OpenAI; Stock Up

Shares of PayPal Holdings, Inc. were gaining around 15 percent in the pre-market activity on the Nasdaq, after the company issued earnings forecast for its fourth quarter expecting year-over-year growth, and raised fiscal 2025 outlook above the market estimates. The payment technology major also initiated quarterly cash dividend after reporting higher third-quarter results above market.
RTTNews | 45 minutes ago
Falling Commodity Prices Likely To Weigh On Canadian Market At Open

Falling Commodity Prices Likely To Weigh On Canadian Market At Open

Canadian market is likely to open on a negative note Tuesday morning, weighed down by falling crude oil and gold prices. The mood is likely to remain cautious ahead of the monetary policy announcements from the Bank of Canada and the Federal Reserve on Wednesday.
RTTNews | 1h 9min ago
German GfK Consumer Sentiment To Continue Falling On Weak Income Expectations

German GfK Consumer Sentiment To Continue Falling On Weak Income Expectations

German consumer confidence is likely to continue its downward trend in November on weaker income expectations, monthly survey data published jointly by NIQ/GfK and the Nuremberg Institute for Market Decisions showed Tuesday. The forward-looking consumer climate indicator fell unexpectedly to -24.1 in November from revised -22.5 in October. The score was expected to improve to -22.0.
RTTNews | 2h 1min ago
UPS Sees Q4 Revenues Above Street As Q3 Beats Market, Despite A Fall; Stock Gains

UPS Sees Q4 Revenues Above Street As Q3 Beats Market, Despite A Fall; Stock Gains

Shares of United Parcel Service Inc. were gaining around 9 percent in the pre-market activity on Tuesday after the logistics major issued fourth-quarter outlook for revenues above market estimates after the third-quarter adjusted earnings and top line beat the Street. On a reported basis, third-quarter earnings were down mainly as revenues were hit by weak results in U.S. Domestic and Supply Chain
RTTNews | 2h 18min ago
FTSE 100 Flat; HSBC Holdings, Airtel Africa Rise After Results

FTSE 100 Flat; HSBC Holdings, Airtel Africa Rise After Results

U.K.'s FTSE 100 index is moving in a very narrow range on Tuesday with stocks turning in a mixed performance as investors react to earnings updates, and look ahead to crucial central bank meetings, and continue to follow the developments on the trade front for further direction.
RTTNews | 2h 44min ago
CAC 40 Down Slightly; Earnings In Focus

CAC 40 Down Slightly; Earnings In Focus

French stocks are turning in a mixed performance on Tuesday with investors reacting to some quarterly earnings announcements, and awaiting the upcoming meeting of U.S. President Donald Trump and Chinese President Xi Jinping, and monetary policy decisions from central banks, including the European Central Bank, the Federal Reserve and the Bank of Japan.
RTTNews | 3h 17min ago
Pound Falls Amid BoE Rate Cut Speculation

Pound Falls Amid BoE Rate Cut Speculation

The British pound weakened against other major currencies in the European session on Tuesday, as traders speculate that the Bank of England (BoE) is likely to deliver a 25-basis-point rate cut in November.
RTTNews | 3h 20min ago