DAX Slips In Cautious Trade After Fed Rate Decision
(RTTNews) - German stocks were subdued on Thursday after the Federal Reserve signaled that it is poised to keep interest rates higher for longer.
Investors ignored the results of a survey, which showed Germany's manufacturing PMI hit a two-month high of 42.5 in April, up from March's 41.9.
The benchmark DAX was down 6 points at 17,925 as trading resumed after the May Day holiday.
In corporate news, fashion retailer Hugo Boss tumbled 3.7 percent despite first-quarter profit coming in above expectations and the company guiding for growth over the year ahead.
Nordex dropped 1 percent despite news that it has received a 148MW turbine order for an undisclosed wind project in California.
Rational AG declined 1.6 percent. The maker of kitchen equipment confirmed its forecast for the full year after reporting an increase in net earnings for the first-quarter, reflecting a rise in sales.
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U.S. Import Prices Unexpectedly Rise 0.3% In August
U.S. Retail Sales Climb Much More Than Expected In August
Bay Street Likely To Open On Mixed Note; Canadian Inflation Data In Focus
FTSE 100 Drifts Lower For 3rd Straight Session
