DAX Edges Lower In Lackluster Trade; Deutsche Bank Shares Up 7%

RTTNews | Před 574 dny
DAX Edges Lower In Lackluster Trade; Deutsche Bank Shares Up 7%

(RTTNews) - German stocks fell slightly on Wednesday, as investors digested the latest set of earnings reports and kept a wary eye on the situation in the Middle East amidst reports of an imminent ground invasion of Gaza by Israel.

Meanwhile, a survey showed earlier today that German business morale improved more than expected in October, following five consecutive months of decline.

The headline IFO Business Climate Index came in at 86.9 in October, up from the previous month's reading of 85.7.

The benchmark DAX was down 24 points, or 0.2 percent, at 14,856 after rising half a percent in the previous session.

Frankfurt-listed shares of Alphabet plunged 7 percent after revenue from Google's Cloud division missed estimates.

Microsoft rallied 3.2 percent after beating Wall Street estimates in all segments.

Deutsche Bank soared 7 percent as the lender flagged dividends and buybacks over the next two years after posting better-than-expected third-quarter profit.

Nivea maker Beiersdorf AG rose 1.3 percent after raising its full-year sales guidance.

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Japan Stock Market May Extend Wednesday's Losses

Japan Stock Market May Extend Wednesday's Losses

The Japanese stock market moved back to the downside again on Wednesday, one day after ending the four-day losing streak in which it had slumped more than 700 points or 2 percent. The Nikkei 225 now sits just beneath the 37,300-point plateau and it may take further damage again on Thursday.
RTTNews | Před 15 minutami
South Korea Shares May Open In The Red On Thursday

South Korea Shares May Open In The Red On Thursday

The South Korea stock market on Wednesday ended the two-day slide in which it had slipped more than 25 points or 0.9 percent. The KOSPI now rests just above the 2,625-point plateau, although it's likely to hand back those gains again on Thursday.
RTTNews | Před 30 minutami
Japan Core Machinery Order Data Due On Thursday

Japan Core Machinery Order Data Due On Thursday

apan will on Thursday release March figures for core machinery orders, highlighting a busy day for Asia-Pacific economic activity. Orders are expected to slip 1.5 percent on month and 2.5 percent on year after rising 4.3 percent on month and 1.5 percent on year in February.
RTTNews | Před 1 h 30 min
Pound Advances After U.K. Inflation Data

Pound Advances After U.K. Inflation Data

The pound was higher against its major counterparts in the New York session on Wednesday, after data showing an acceleration in consumer price inflation in the month of April.
RTTNews | Před 4 h 37 min
Swiss Markets Ends Modestly Lower

Swiss Markets Ends Modestly Lower

The Switzerland market ended lower on Wednesday after languishing in negative territory right through the day's trading session, as concerns about trade and geopolitical uncertainty rendered the mood cautious, prompting investors to refrain from making significant moves.
RTTNews | Před 6 h 16 min
European Stocks Close On Mixed Note Amid Geopolitical, Trade Uncertainty

European Stocks Close On Mixed Note Amid Geopolitical, Trade Uncertainty

European stocks turned in a mixed performance on Wednesday after a cautious session as investors awaited clarity on the trade front. The impasse in Ukraine peace talks and data showing a bigger than expected increase in UK inflation weighed on sentiment. A downward revision in U.S. federal deficit weighed as well.
RTTNews | Před 6 h 54 min