DAX Drops As Excitement Over Earnings, Potential Rate Cuts Fade

RTTNews | 613 hari yang lalu
DAX Drops As Excitement Over Earnings, Potential Rate Cuts Fade

(RTTNews) - Amidst thin trading, Germany's DAX benchmark dropped from the record high recorded on Friday. Anxiety ahead of the release of the ECB /FOMC Minutes as well as the flash PMI readings for February lingered.

The forty-scrip DAX index is currently trading at 17,061.64, having slipped 0.12 percent from the previous close of 17,082.37. The day's trading ranged between a high of 17,098.97 and a low of 17,056.65.

In the 40-scrip index, only 10 are currently trading in the overnight positive zone. Shares of artillery producer Rheinmetall gained close to 3 percent amidst announcements of opening an ammunition factory in Ukraine.

Sartorius, Covestro, Commerzbank and Continental, all slipped more than 2 percent.

MTU Aero Engines, BASF, RWE, Porsche, Airbus, Zalando, Porsche Automobil Holding and Merck have all lost more than 1 percent.

The EUR/USD pair is flat at 1.0775 percent. The Dollar Index meanwhile slipped 0.05 percent to trade at 104.25.

German bond yields decreased 0.10 percent. The same is at 2.3975 percent versus 2.4000 percent at the previous close.

read more
U.S. Consumer Sentiment Deteriorates More Than Previously Estimated In October

U.S. Consumer Sentiment Deteriorates More Than Previously Estimated In October

Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. deteriorated by more than initially estimated in the month of October. The University of Michigan said its consumer sentiment index was downwardly revised to 53.6 from the preliminary reading of 55.0. Economists had expected the consumer sentiment index to be unrevised from the preliminary reading.
RTTNews | 1j 35min yang lalu
U.S. Consumer Prices Rise 0.3% In September, Slightly Less Than Expected

U.S. Consumer Prices Rise 0.3% In September, Slightly Less Than Expected

A closely watched report released by the Labor Department on Friday showed consumer prices in the U.S. increased by slightly less than expected in the month of September. The Labor Department said its consumer price index rose by 0.3 percent in September after climbing by 0.4 percent in August. Economists had expected consumer prices to rise by another 0.4 percent.
RTTNews | 2j 18min yang lalu
Eurozone Private Sector Growth At 17-Month High

Eurozone Private Sector Growth At 17-Month High

The euro area private sector growth accelerated to a 17-month high in October as new orders registered a steeper growth despite continuing fall in business from abroad. The flash HCOB composite output index climbed unexpectedly to 52.2 in October from 51.2 in September. The reading was expected to fall to 51.0.
RTTNews | 2j 36min yang lalu
Bay Street Likely To Open With Positive Bias

Bay Street Likely To Open With Positive Bias

Higher Canadian and U.S. futures, firm crude oil prices and data showing a smaller than expected increase in U.S. consumer price inflation in the month of September suggest a positive start for the Canadian market on Friday.
RTTNews | 3j 9min yang lalu
FTSE 100 Retreats After Positive Start

FTSE 100 Retreats After Positive Start

U.K. stocks opened on a positive note Friday morning after data showed an unexpected increase in UK retail sales in September. However, the market turned a bit easy subsequently, due largely to selling in some mining stocks as metal prices dropped from record highs.
RTTNews | 4j 39min yang lalu
Pound Falls Against Majors

Pound Falls Against Majors

The pound weakened against other major currencies in the European session on Friday.
RTTNews | 5j 0min yang lalu
CAC 40 Down Nearly 0.5% In Cautious Trade

CAC 40 Down Nearly 0.5% In Cautious Trade

French stocks are showing weakness on Friday after preliminary data showed a drop in the nation's services sector activity in the month of October. Investors are also reacting to corporate earnings updates, and awaiting the release of delayed U.S. inflation figures for September.
RTTNews | 5j 25min yang lalu