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DAX Holds Steady Ahead Of Fed Decision
(RTTNews) - German stocks were steady on Wednesday as investors reacted to mixed manufacturing data from China and awaited the Federal Reserve's interest-rate decision later in the day for direction.
The benchmark DAX was up 0.1 percent at 15,144 after ending marginally higher the previous day.
Hannover Re shares slumped 4.3 percent. In order to take account of the growth in the property and casualty reinsurance portfolio and the increased loss expectation from natural catastrophes, the reinsurer has increased its net major-loss budget for 2023 to 1.725 billion euros.
Software AG plunged 13 percent. The company reported that, on an organic basis, EBIT was 43.1 million euros in the fourth quarter compared to 32.2 million euros, prior year.
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Bay Street Likely To Open Higher On Firm Oil, Metal Prices
Higher crude oil and metal prices point to a firm start for the Canadian market on Thursday. Investors are also expecting that the upcoming Canadian budget will contain some huge funding in major initiatives.
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1h 34min ago
Turkey Central Bank Cuts Key Rates By 100 Bps As Expected
Turkey's central bank reduced the pace of interest rate cuts on Thursday as inflation accelerated due to higher food prices. The Monetary Policy Committee of the Central Bank of the Republic of Turkey, headed by Yasar Fatih Karahan, decided to reduce the policy rate by 100 basis points to 39.50 percent from 40.50 percent.
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1h 52min ago
FTSE 100 Advances As Investors React To Earnings Announcements
U.K.'s FTSE 100 remains firmly up in positive territory a little past noon on Thursday, with investors reacting to a slew of encouraging corporate earnings announcements. Energy and mining stocks are faring well.
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3h 9min ago
French Manufacturing Sentiment Strengthens Unexpectedly
French manufacturing confidence strengthened unexpectedly in October to the highest level in more than a year, data from the statistical office INSEE showed on Thursday.
The manufacturing confidence index rose to 100.7 in October from 96.7 in September, while the reading was forecast to drop to 96.0. Moreover, the score was the highest since March 2024.
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3h 25min ago
CAC 40 Hovers Near Record High; Kering Soars Over 10%
France's CAC 40 is hovering near its record high on Thursday with investors largely reacting to corporate earnings announcements, and data showing an improvement in industry confidence in France in the month of October.
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3h 34min ago
Sensex, Nifty Give Up Sharp Early Gains
Indian shares closed higher on Thursday after reports suggested that India and the United States are close to finalizing a long-awaited bilateral trade deal that could sharply lower tariffs on Indian exports to about 15-16 percent from the current average of 50 percent.
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4h 6min ago
DAX Drifts Lower As Investors React To Results, Geopolitical News
The German market is showing weakness on Thursday, as investors remain cautious, reacting to a slew of earnings announcements, and continuing to watch the developments on U.S.-China trade front, as well as news from the geopolitical front.
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4h 24min ago
European Shares Mixed Amid Earnings Deluge
European shares were mixed on Thursday as investors digested a wave of corporate earnings and watched trade developments between the United States and China.
Meanwhile, EU countries today formally adopted a 19th package of sanctions against Russia for its war against Ukraine that includes a ban on Russian liquefied natural gas imports.
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5h 18min ago
