DAX Slips Into Red Ahead Of ECB Rate Decision

RTTNews | 697 hari yang lalu
DAX Slips Into Red Ahead Of ECB Rate Decision

(RTTNews) - German stocks inched lower on Thursday as traders absorbed the Fed's hawkish rate pause and looked ahead to the ECB rate decision later in the day.

ECB officials are likely to raise interest rates by 25 basis points from the current level of 3.25 percent.

The benchmark DAX was down 30 points, or 0.2 percent, at 16,280 after gaining about half a percent in the previous session.

Siemens AG rose 0.6 percent. The industrial conglomerate announced plans to invest €2 billion ($2.2 billion) to expand high-tech manufacturing, including a new plant in Singapore and an expansion at its Chinese factory in Chengdu.

Hugo Boss fell over 1 percent. The fashion company said that it aims to touch its previous mid-term sales target of 4 billion euros already this year, two years ahead of plan.

read more
Fox Q3 Profit Down, Revenues Climb, Both Ahead Of Market; Stock Gains

Fox Q3 Profit Down, Revenues Climb, Both Ahead Of Market; Stock Gains

Media firm Fox Corp. reported Monday weak earnings in its third quarter on higher expenses, while revenues were higher, benefited mainly by advertising revenue growth of 65 percent, primarily due to the impact of Super Bowl LIX. Adjusted earnings and top line beat market estimates. In pre-market activity on the Nasdaq, the FOX shares were gaining around 3.8 percent.
RTTNews | 1j 2min yang lalu
Bay Street Likely To Open On Firm Note

Bay Street Likely To Open On Firm Note

The Canadian market is likely to open with a strong positive gap on Monday, tracking gains in global markets amid easing tariff concerns following China and the U.S. striking a deal over the weekend.
RTTNews | 1j 25min yang lalu
U.S., China Reach Agreement To Slash Tariffs

U.S., China Reach Agreement To Slash Tariffs

Following closely watched meetings over the weekend in Geneva, Switzerland, the U.S. and China have announced an agreement to drastically reduce tariffs on each other's goods. The White House said the agreement calls for the U.S. and China to each lower tariffs by 115 percent while retaining an additional 10 percent tariff.
RTTNews | 2j 2min yang lalu
FTSE 100 Modestly Higher On Positive Global Cues

FTSE 100 Modestly Higher On Positive Global Cues

U.K. stocks are modestly higher on Monday, with weak healthcare and defence stocks offsetting positive news about U.S-China trade progress, and a firm display by stocks from banking sectors.
RTTNews | 2j 2min yang lalu
CAC 40 Rises 1.3% On Easing Tariff Jitters

CAC 40 Rises 1.3% On Easing Tariff Jitters

French stocks are extending recent gains and are up firmly in positive territory on Monday with the benchmark CAC 40 rising to a near six-week high, cheering the U.S.-China agreement on tariffs.
RTTNews | 2j 49min yang lalu
DAX Pares Some Gains After Hitting New High

DAX Pares Some Gains After Hitting New High

The German market has climbed to a fresh record high on Monday with stocks moving up sharply, buoyed by the positive developments on the trade front. Following negotiations in Switzerland over the weekend, the U.S. and China struck a deal over the weekend to suspend tariffs for 90 days and slash rates going forward.
RTTNews | 3j 16min yang lalu
Sensex, Nifty Soar Nearly 4% On India-Pak Ceasefire

Sensex, Nifty Soar Nearly 4% On India-Pak Ceasefire

Indian shares rallied on Monday, with benchmark indexes Sensex and Nifty posting their best intraday session since June 5 last year, as easing geopolitical and trade tensions helped increase investors' appetite for risk.
RTTNews | 3j 26min yang lalu