DAX Edges Lower Ahead Of Fed Move

RTTNews | 1070 dni temu
DAX Edges Lower Ahead Of Fed Move

(RTTNews) - German stocks edged lower on Wednesday as investors monitored increased geopolitical tensions with Russia and braced for another hefty interest rate hike by the U.S. Federal Reserve.

Russian President Vladimir Putin announced the partial mobilization of his country's military, bringing geopolitical tensions to the forefront.

Analysts broadly expect a 75-bps rate hike by the Federal Reserve later in the day, but some think the U.S. central bank may go beyond this to 100 basis points.

The benchmark DAX slipped 18 points, or 0.1 percent, to 12,653 after losing 1 percent the previous day.

Energy major Uniper SE plummeted 21 percent. Germany confirmed the nationalization of the company by acquiring its shares held by Fortum Oyj, a Finnish energy company, for 1.70 euros per share.

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Indian Rupee Falls To More Than 4-week Low On Tariff Worries

Indian Rupee Falls To More Than 4-week Low On Tariff Worries

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Antipodean Currencies Fall Amid Risk-off Mood

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NZ Dollar Slides Against Majors

NZ Dollar Slides Against Majors

The New Zealand dollar weakened against other major currencies in the Asian session on Tuesday.
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Sensex, Nifty Deep In The Red On Tariff Worries

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Indian shares opened on a sluggish note on Tuesday after the Trump administration officially issued a notice regarding the imposition of an additional 25 percent tariffs on Indian imports, with the punitive duties set to kick in at 12:01 am (EST) on August 27.
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Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market trading on Tuesday, giving up the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,950 level, with weakness in iron ore miners and a mixed performance across most other sectors.
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