DAX Dips On Profit Taking After Recent Gains
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483 days ago
(RTTNews) - German stocks slipped into the red on Friday as caution set in after recent strong gains on optimism over signs the Federal Reserve might slow down the pace of rate hikes.
Investors also expect smaller rate hikes by the European Central Bank amid lingering worries of a recession in the euro zone.
The benchmark DAX slipped 0.1 percent to 14,469 after rising 0.7 percent in the previous session.
Banks were subdued, with Deutsche Bank falling nearly 1 percent. Tech stocks were rising, with Infineon rising half a percent.
The euro extended gains against the dollar for a third straight session, hitting a six-month high and on track for a second weekly gain in a row.
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U.S. Consumer Prices Rise Slightly Less Than Expected In February
Consumer prices in the U.S. increased by slightly less than expected in the month of February, according to a highly anticipated report released by the Commerce Department on Friday.
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4h 12min ago
Pound Falls Against Majors
The British pound weakened against other major currencies in the European session on Friday.
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5h 12min ago
French Inflation Slowest Since Late 2021
France's consumer price inflation slowed to the lowest in two-and-a-half years in March on slower increases in food and energy prices, flash data from the statistical office INSEE showed on Friday. The consumer price index, or CPI, posted an annual increase of 2.3 percent in March, following February's 3.0 percent rise.
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5h 23min ago
Tokyo Core Inflation Softens In March
Core inflation in Japan's capital softened in March but continued to remain above the 2 percent target adding to the dilemma of the Bank of Japan as to how to steer the monetary policy after exiting negative interest rates earlier this month. Core inflation that excludes fresh food eased slightly to 2.4 percent, as expected, from 2.5 percent in February.
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6h 48min ago
Euro Slides On ECB Policymakers' Rate Cut Comment
The euro weakened against other major currencies in the Asian session on Friday, as traders bet on the European Central Bank's interest rate cut in the month of June in the wake of dovish comments from the ECB policymaker Francois Villeroy de Galhau.
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9h 57min ago
European Economic News Preview: France Inflation Data Due
Inflation figures from France and Italy are the only main news due on Friday while several other major markets remain closed for a public holiday. At 3.45 am ET, France's statistical office INSEE publishes flash inflation, producer prices and household spending figures.
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10h 18min ago
Euro Slides Against Majors
The euro weakened against other major currencies in the Asian session on Friday.
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11h 21min ago
Asian Markets Trade Higher In Thin Holiday Trades
Asian stock markets are mostly higher in thin trading on Friday when most of the markets are on Good Friday holiday, following the mixed cues from Wall Street overnight, as traders were reluctant to make significant moves ahead of the release of US inflation data later in the day that could impact the outlook for interest rates. Asian markets ended mixed on Thursday.
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13h 36min ago