DAX Slides On US Rate Worries

RTTNews | 739 days ago
Stocktwits
DAX Slides On US Rate Worries

(RTTNews) - German stocks fell notably on Thursday as hawkish comments from Federal Reserve Chair Jerome Powell stoked uncertainty about the U.S. rate outlook.

Further weighing on sentiment, some European Central Bank (ECB) policymakers said on Wednesday that euro zone inflation is stubborn and may require a protracted period of high interest rates.

Earlier today, the Swiss National Bank raised its policy rate and the rate it charges on sight deposits to 1.75 percent from the 1.5 percent level set in March.

The Bank of England's rate decision is due later in the day.

The benchmark DAX was down 106 points, or 0.7 percent, at 15,916 with selling seen across the board.

Tech stocks fell, with Infineon Technologies down nearly 2 percent.

Banks Commerzbank and Deutsche Bank fell around 2 percent each.

Automakers BMW. Mercedes Benz and Volkswagen dropped 1-2 percent after U.S. lawmakers late on Wednesday urged the Federal Trade Commission to finalize new consumer protections for car buyers.

Stocktwits
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Sensex, Nifty Subdued After Last Week's Rally

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RTTNews | 28 minutes ago
Australian Market Extends Early Gains In Mid-market

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Thai Stock Market May Stop The Bleeding On Monday

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Japanese Market Sharply Higher

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Indonesia Shares Poised Extend Thursday's Gains

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RTTNews | 3h 31min ago
Australian Market Modestly Higher

Australian Market Modestly Higher

The Australian stock market is modestly higher on Monday, reversing some of the losses in the previous two sessions, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is staying above the 8,500.00 level, with gains is financial and technology stocks partially offset by weakness in mining stocks.
RTTNews | 3h 44min ago
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