DAX Slips In Cautious Trade Ahead Of US Election Results

RTTNews | 918 วันที่ผ่านมา
DAX Slips In Cautious Trade Ahead Of US Election Results

(RTTNews) - German stocks were subdued on Wednesday as investors awaited the results of Tuesday's midterm elections in the United States.

According to early results, a predicted Republican "red wave" appeared to have become a ripple as Democrats clung on in key races in the midterm elections.

A split government is viewed as a more favorable outcome for financial markets. The benchmark DAX was down 53 points, or 0.4 percent, at 13,635 after rallying 1.2 percent the previous day.

Deutz AG, an internal combustion engine manufacturer, jumped more than 2 percent after posting improved earnings in the third quarter.

Chemicals distributor Brenntag rose 0.6 percent after its Q3 profit beat forecasts. Evotec plunged nearly 7 percent after the drug discovery development company kept its outlook for FY22 unchanged.

Utility E.ON fell 1.7 percent after high energy costs dented its earnings in the January-September period.

Lender Commerzbank fell about 1 percent after reporting a 52 percent fall in its third-quarter net profit.

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Euro Drops Against Majors

Euro Drops Against Majors

The euro weakened against its major counterparts in the New York session on Thursday.
RTTNews | 2 ชม. 26 นาทีที่ผ่านมา
Swiss Market Shrugs Off Weak Start, Ends On Firm Note

Swiss Market Shrugs Off Weak Start, Ends On Firm Note

After opening weak and remaining subdued till noon, Swiss stocks found some support and kept edging higher on Thursday, and finally ended the day's session on a firm note. Data showing a strong pace of expansion of the Swiss economy in the first quarter of this year aided sentiment.
RTTNews | 4 ชม. 9 นาทีที่ผ่านมา
Major European Markets Recover After Early Setback, Close On Firm Note

Major European Markets Recover After Early Setback, Close On Firm Note

Despite an early struggle, the major European markets turned in fairly steady performance as the session progressed on Thursday to eventually close on a firm note. Easing concerns about tariffs and U.S. inflation, and some encouraging regional economic data helped underpin sentiment.
RTTNews | 4 ชม. 27 นาทีที่ผ่านมา
U.S. Business Inventories Inch Up Slightly Less Than Expected In March

U.S. Business Inventories Inch Up Slightly Less Than Expected In March

The Commerce Department released a report on Thursday showing a slight increase by U.S. business inventories in the month of March. The report said business inventories crept up by 0.1 percent in March after rising by 0.2 percent in February. Economists had expected business inventories to rise by another 0.2 percent.
RTTNews | 5 ชม. 41 นาทีที่ผ่านมา
TSX Rises For 8th Straight Session, Looks Set To Scale New Peak

TSX Rises For 8th Straight Session, Looks Set To Scale New Peak

The Canadian market is up in positive territory, extending gains to an eighth straight session, as the undertone continues to remain firm amid easing concerns about tariffs, and the recent data showing a smaller than expected increase in U.S. consumer price inflation in the month of April.
RTTNews | 5 ชม. 46 นาทีที่ผ่านมา
U.S. Homebuilder Confidence Unexpectedly Slumps In May

U.S. Homebuilder Confidence Unexpectedly Slumps In May

Reflecting growing uncertainties stemming from elevated interest rates, tariff concerns, building material cost uncertainty and the cloudy economic outlook, the National Association of Home Builders released a report on Thursday showing an unexpected slump by U.S. homebuilder confidence in the month of May.
RTTNews | 5 ชม. 57 นาทีที่ผ่านมา
U.S. Industrial Production Unexpectedly Flat In April

U.S. Industrial Production Unexpectedly Flat In April

With a rebound by utilities output offset by decreases by manufacturing and mining output, the Federal Reserve released a report on Thursday showing industrial production in the U.S. came in unchanged in the month of April. The Fed said industrial production was unchanged in April after falling by 0.3 percent in March. Economists had expected industrial production to rise by 0.2 percent.
RTTNews | 6 ชม. 18 นาทีที่ผ่านมา