DAX Modestly Lower In Cautious Trade; Siemens Energy, BASF Drift Lower

RTTNews | 7 hari yang lalu
DAX Modestly Lower In Cautious Trade; Siemens Energy, BASF Drift Lower

(RTTNews) - German stocks are somewhat subdued on Tuesday with investors looking for directional clues. With earnings updates set to pour in from this week, investors are currently following the developments on the trade front and tracking geopolitical news as well.

SAP is scheduled to announce its quarterly earnings on Wednesday. Beiersdorf, MTU Aero Engines and Porsche are slated to report their earnings later in the week.

The benchmark DAX was down 74.05 points or 0.31% at 24,217.14.13 a little while ago.

Infineon Technologies is gaining 1.7%. Rheinmetall is up nearly 1%, while Munich RE, Merck, Hannover Rueck, Scout24, MTU Aero Engines and Deutsche Telekom are up 0.3 to 0.7%.

Meanwhile, Siemens Energy, BASF and Zalando are down 1.6%, 1.25% and 1.1%, respectively.

Siemens, Deutsche Post, Deutsche Bank, RWE, Continental, Volkswagen and Beiersdorf are down 0.6 to 1%.

read more
Canadian Market Advances; Cameco, Celestica Up Sharply

Canadian Market Advances; Cameco, Celestica Up Sharply

The Canadian market is up in positive territory around late morning on Tuesday thanks to gains in technology stocks. Energy stocks are weak, weighed down by a sharp drop in crude oil prices.
RTTNews | 3j 29min yang lalu
U.S. Consumer Confidence Edges Modestly Lower In October

U.S. Consumer Confidence Edges Modestly Lower In October

Consumer confidence in the U.S. saw a modest deterioration in the month of October, according to a report released by the Conference Board on Tuesday. The Conference Board said its consumer confidence index dipped to 94.6 in October from an upwardly revised 95.6 in September.
RTTNews | 4j 54min yang lalu
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 | 6j 10min yang lalu
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 | 6j 35min yang lalu
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 | 7j 26min yang lalu
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 | 7j 43min yang lalu