DAX Edges Higher As Investors Await GDP Data

RTTNews | vor 618 Tagen
DAX Edges Higher As Investors Await GDP Data

(RTTNews) - German stocks were seeing modest gains on Tuesday ahead of fourth-quarter Gross Domestic Product (GDP) data for Germany and the Eurozone due out later in the day.

The benchmark DAX was up 40 points, or 0.2 percent, at 16,981 after ending flat with a negative bias the previous day.

In corporate news, shares of food delivery service Delivery Hero fell more than 8 percent. The company said it would sell a stake in Deliveroo as consumer demand wanes. MorphoSys advanced 1.6 percent. The biopharmaceutical company expects Monjuvi U.S. net product sales to be in the range of $80 million to $95 million for the year 2024, in line with its previous guidance.

Hapag-Lloyd plunged 8.6 percent. The container shipping company registered a significant decline in preliminary earnings for the full year, mainly due to lower freight rates attributable to normalization of global supply chains.

read more
Canadian Market Down Sharply; Materials Stocks Tumble

Canadian Market Down Sharply; Materials Stocks Tumble

The Canadian market is down sharply in negative territory Thursday afternoon, hurt by losses in materials, consumer discretionary and industrials sectors. Geopolitical tensions, and concerns about the impact of the US government shutdown render the mood bearish. Also, investors are looking ahead to the reporting season.
RTTNews | vor 1Std 54 Minuten
Swiss Market Settles Modestly Lower

Swiss Market Settles Modestly Lower

The Switzerland market spent much of the day's trading session on Thursday as investors refrained from making significant moves amid a lack of positive catalysts.
RTTNews | vor 2Std 37 Minuten
European Stocks Close Broadly Lower Amid Political Uncertainty And Lack Of Key Data

European Stocks Close Broadly Lower Amid Political Uncertainty And Lack Of Key Data

Most of the markets across Europe ended on a weak note on Thursday, weighed down by concerns about the political situation in France, and a lack of significant data. Bank stocks were under pressure. However, expectations of more interest rate cuts by the Federal Reserve limited markets' downside a bit.
RTTNews | vor 2Std 52 Minuten
ECB Minutes Reveal Confident But Cautious Stance Amid High Uncertainty

ECB Minutes Reveal Confident But Cautious Stance Amid High Uncertainty

The European Central Bank policymakers felt no immediate pressure to adjust interest rates in September as risks to both inflation and growth were seen as balanced and the high uncertainty linked to trade policies also justified the stance as this would give more time to assess the real impact of tariffs on the economy, minutes of the September policy session showed on Thursday.
RTTNews | vor 3Std 0 Minuten
Bay Street Likely To Open Flat

Bay Street Likely To Open Flat

Canadian stocks look headed for a somewhat flat start Thursday morning, tracking the trend in European markets, and commodity prices.
RTTNews | vor 7Std 35 Minuten
Philippine Central Bank Cuts Rate Unexpectedly

Philippine Central Bank Cuts Rate Unexpectedly

The Philippines' central bank unexpectedly reduced its key interest rates by 25 basis points on Thursday, for the fourth time this year and signaled further reduction to support economic growth. The Monetary Board of the Bangko Sentral ng Pilipinas, headed by Governor Eli Remolona, decided to reduce the policy rate by 25 basis points to 4.75 percent. The bank was expected to hold the rate at 5.0
RTTNews | vor 7Std 50 Minuten
PepsiCo Q3 Results Top Market, Confirms FY25 View; Names Walmart's Steve Schmitt CFO

PepsiCo Q3 Results Top Market, Confirms FY25 View; Names Walmart's Steve Schmitt CFO

PepsiCo, Inc. on Thursday reported lower profit in its third quarter, while core earnings per share and top line beat market estimates. Further, the firm maintained its fiscal 2025 outlook. Separately, the food and beverage giant announced that it has appointed Walmart Inc.'s Steve Schmitt as Executive Vice President and Chief Financial Officer...
RTTNews | vor 8Std 11 Minuten
FTSE 100 Down Nearly 0.5%; Bank Stocks Tumble

FTSE 100 Down Nearly 0.5%; Bank Stocks Tumble

The UK stock market is down in negative territory on Thursday, weighed down by losses in banking and housing sectors. Expectations of more interest rate cuts by the Federal Reserve and a few other major central banks appear to be limiting the market's downside.
RTTNews | vor 9Std 28 Minuten