DAX Drops As Excitement Over Earnings, Potential Rate Cuts Fade

RTTNews | 619 dni temu
DAX Drops As Excitement Over Earnings, Potential Rate Cuts Fade

(RTTNews) - Amidst thin trading, Germany's DAX benchmark dropped from the record high recorded on Friday. Anxiety ahead of the release of the ECB /FOMC Minutes as well as the flash PMI readings for February lingered.

The forty-scrip DAX index is currently trading at 17,061.64, having slipped 0.12 percent from the previous close of 17,082.37. The day's trading ranged between a high of 17,098.97 and a low of 17,056.65.

In the 40-scrip index, only 10 are currently trading in the overnight positive zone. Shares of artillery producer Rheinmetall gained close to 3 percent amidst announcements of opening an ammunition factory in Ukraine.

Sartorius, Covestro, Commerzbank and Continental, all slipped more than 2 percent.

MTU Aero Engines, BASF, RWE, Porsche, Airbus, Zalando, Porsche Automobil Holding and Merck have all lost more than 1 percent.

The EUR/USD pair is flat at 1.0775 percent. The Dollar Index meanwhile slipped 0.05 percent to trade at 104.25.

German bond yields decreased 0.10 percent. The same is at 2.3975 percent versus 2.4000 percent at the previous close.

read more
ECB Holds Interest Rates Steady Amid Uncertain Outlook

ECB Holds Interest Rates Steady Amid Uncertain Outlook

The European Central Bank maintained its key interest rates unchanged for a third policy session in a row on Thursday, as expected, as policymakers assessed that the outlook was broadly unchanged, but still uncertain due to global trade conflicts and geopolitical tensions.
RTTNews | 41 minut temu
Eurozone GDP Growth Beats Expectations

Eurozone GDP Growth Beats Expectations

The euro area economy expanded at a faster pace in the third quarter as France and Spain reported strong growth, while Germany and Italy experienced stagnation, amid a highly uncertain outlook due to the ongoing trade policies and political instability. Gross domestic product climbed 0.2 percent sequentially in the September quarter, preliminary flash estimate from Eurostat showed on Thursday.
RTTNews | 1g 26 minut temu
Bay Street Likely To Open Weak

Bay Street Likely To Open Weak

Weak commodity prices, lower European stocks and U.S. and Canadian futures point to a negative start for the Canadian market on Thursday. The Federal Reserve and Bank of Canada lowered interest rates on Wednesday but have ruled out the possibility of another cut this year.
RTTNews | 2g 19 minut temu
German Economy Stagnates On Weaker Exports; Unemployment Falls

German Economy Stagnates On Weaker Exports; Unemployment Falls

The German economy stagnated in the third quarter, narrowly dodging a recession as higher U.S. tariffs damped exports and the optimism about the fiscal stimulus faded, while unemployment logged an unexpected moderate fall. Gross domestic product remained unchanged, as expected, following a revised decline of 0.2 percent in the second quarter, the preliminary estimate from Destatis revealed on T
RTTNews | 2g 22 minut temu
FTSE 100 Moderately Lower; WPP Tanks On Lower Earnings, Forecast

FTSE 100 Moderately Lower; WPP Tanks On Lower Earnings, Forecast

The UK stock market is down in negative territory on Thursday, mirroring the trend in other major European markets, as investors react to the latest batch of earnings announcements from the domestic and global front, and some regional economic data.
RTTNews | 3g 10 minut temu
CAC 40 Drifts Lower; Investors React To Earnings And Await ECB Policy

CAC 40 Drifts Lower; Investors React To Earnings And Await ECB Policy

France's benchmark index CAC 40 is down in negative territory on Thursday with investors reacting to a slew of earnings updates and regional economic data, the Federal Reserve's interest rate cut and the warning that no further reduction is likely this year.
RTTNews | 4g 7 minut temu
Sensex, Nifty Decline On Hawkish Fed Remarks

Sensex, Nifty Decline On Hawkish Fed Remarks

Indian shares fell notably on Thursday as investors reacted to hawkish comments from Federal Reserve Chair Jerome Powell, mixed earnings results from mega-cap U.S. technology companies and the latest updates from U.S.-China trade negotiations.
RTTNews | 4g 50 minut temu
DAX Down Nearly 6% On Mixed Earnings Updates

DAX Down Nearly 6% On Mixed Earnings Updates

German stocks are showing some weakness on Thursday with investors mostly making cautious moves after Federal Reserve Chair Jerome Powell's caution that another interest rate cut by the central bank is unlikely this year.
RTTNews | 4g 54 minut temu