DAX Slips Into Red Ahead Of ECB Rate Decision

RTTNews | 697 gün önce
DAX Slips Into Red Ahead Of ECB Rate Decision

(RTTNews) - German stocks inched lower on Thursday as traders absorbed the Fed's hawkish rate pause and looked ahead to the ECB rate decision later in the day.

ECB officials are likely to raise interest rates by 25 basis points from the current level of 3.25 percent.

The benchmark DAX was down 30 points, or 0.2 percent, at 16,280 after gaining about half a percent in the previous session.

Siemens AG rose 0.6 percent. The industrial conglomerate announced plans to invest €2 billion ($2.2 billion) to expand high-tech manufacturing, including a new plant in Singapore and an expansion at its Chinese factory in Chengdu.

Hugo Boss fell over 1 percent. The fashion company said that it aims to touch its previous mid-term sales target of 4 billion euros already this year, two years ahead of plan.

read more
Indian Rupee Rises To 4-day High As Border Tensions Ease

Indian Rupee Rises To 4-day High As Border Tensions Ease

The Indian rupee strengthened against the U.S. dollar in the Asian session on Monday, as investors reacted to easing Indo-Pak tensions and positive indications coming from China-U.S. trade talks.
RTTNews | 3s 20 dakika önce
Antipodean Currencies Rise, Yen Slides Amid US-China Trade Optimism

Antipodean Currencies Rise, Yen Slides Amid US-China Trade Optimism

The antipodean currencies such as the Australian and New Zealand dollars strengthened against their major currencies in the Asian session on Monday, amid optimism about a potential U.S.-China trade deal after U.S. Treasury Secretary Scott Bessent confirmed that a trade deal has been struck with China following the weekend talks in Switzerland, with no more details offered. Meanwhile, the safe-haven Japanese yen weakened against its major counterparts in the Asian trading on optimism over a US-China trade deal.
RTTNews | 3s 45 dakika önce
UK Recruitment Activity Remains Weak In April

UK Recruitment Activity Remains Weak In April

UK recruitment activity remained weak at the start of the second quarter as demand for staff deteriorated amid the rise in the salary inflation due to the increases in the national minimum and living wage rates, a report compiled by S&P Global showed Monday. Permanent staff appointments declined further amid reports of weak employer confidence and tighter hiring budgets.
RTTNews | 4s 39 dakika önce