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DAX Edges Higher As Yields Ease
(RTTNews) - German stocks edged up slightly on Wednesday ahead of key eurozone data due out later in the day.
Helping underpin sentiment, data showed earlier in the day that the U.K.'s annual inflation rate fell sharply to a 17-month low of 6.8 percent in July, down from 7.9 percent in June due to a decline in annual food inflation.
The benchmark DAX was up 45 points, or 0.3 percent, at 15,812 after declining 0.9 percent in the previous session.
Eurozone bond yields fell today, with the benchmark Bund yield retreating from a 12-year high as China's economic woes mounted.
Data showed that China's house prices continued to decline in July, in a further sign of the property slowdown.
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Canadian Dollar Strengthens Amid Risk Appetite
The Canadian dollar advanced against its most major counterparts in the New York session on Monday, as investors shrugged off tariff threats from President Donald Trump over the weekend.
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13 minutes ago
Swiss Market Settles Slightly Up After Lackluster Session
The Switzerland market, which remained in the red save for a brief while at the fag end of the day's session, settled with a small gain on Monday.
The mood in the market was very cautious as trade war fears escalated after U.S. President Donald Trump announced over the weekend that he would impose a 30% tariff on EU imports from August 1.
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3h 26min ago
European Stocks Close Mostly Lower
Despite staging a recovery in late afternoon trades, European markets mostly ended on a weak note on Monday as worries about global trade escalated after U.S. President Donald Trump announced over the weekend that he would levy a 50% tariff on EU imports from August 1.
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3h 45min ago
Bay Street Likely To Open On Mixed Note
Canadian shares may open on a mixed note Monday morning, tracking a weak lead from European markets and firm commodity prices.
The mood is likely to be cautious as investors await Canadian inflation data for the month of June on Tuesday.
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8h 58min ago
Pound Falls As Traders Speculate BoE Rate Cut Decision
The British pound weakened against other major currencies in the European session on Monday, as traders speculate that the Bank of England (BoE) is likely to reduce its interest rate in the next month's monetary policy decision.
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9h 23min ago
FTSE 100 Modestly Higher
The U.K. market is up in positive territory on Monday, even as other major markets in Europe are languishing in negative territory amid rising concerns about trade war following U.S. President Donald Trump's threat that he would impose a 30% tariff on EU imports from August 1.
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9h 35min ago
Dollar Rebounds As Trade War Escalates
A steep escalation in the trade related tensions between the U.S. and its trade partners boosted the dollar and the Dollar Index during the week ended July 11.
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9h 48min ago
Pound Falls Against Majors
The British pound weakened against other major currencies in the European session on Monday.
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9h 50min ago
