DAX Rebounds After Tuesday's Selloff
(RTTNews) - German stocks were moving higher on Wednesday after suffering heavy losses in the previous session on concerns over heightened geopolitical tensions in the Middle East and uncertainty over the Federal Reserve's rate trajectory.
The benchmark DAX was up 84 points, or half a percent, at 17,850 after losing 1.4 percent the previous day.
Adidas jumped 6.4 percent. The sportswear giant upped its full-year guidance after posting better-than-expected preliminary results for the first quarter.
HELLA GmbH & Co. KgaA, an automotive parts supplier, edged up slightly after sales for the first quarter came in unchanged from last year.
Continental lost 4.3 percent after reporting preliminary Q1 results below market expectations.
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Swiss Market Ends On Firm Note Again
Swiss stocks turned in a fine performance on Friday, extending gains from the previous session, as some encouraging earnings updates and possibility of another rate cut from the Swiss National Bank helped underpin sentiment.
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5g 2 minut temu
Major European Markets Close Weak On Interest Rate Concerns
The major European stocks closed lower on Friday, drifting down for a second straight session, on concerns the Federal Reserve will likely keep interest rates higher for a longer time. Some disappointing earnings updates hurt as well.
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5g 16 minut temu
U.S. Dollar Lower On Rate Cut Expectations
The U.S. dollar declined against its major counterparts in the New York session on Friday on growing expectations that the U.S. Federal Reserve could start cutting interest rates as early as September.
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5g 17 minut temu
Canadian Market Up In Positive Territory; Materials Shares Rally
The Canadian market is up in positive territory on Friday, supported by strong gains in materials shares, which are moving up on firm metal prices.
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6g 55 minut temu
U.S. Leading Economic Index Decreases More Than Expected In April
Suggesting softer economic conditions lay ahead, the Conference Board released a report on Friday showing a continued decrease by its reading on leading U.S. economic indicators in the month of April. The Conference Board said its leading economic index fell by 0.6 percent in April after dipping by 0.3 percent in March. Economists had expected the index to decrease by another 0.3 percent.
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8g 29 minut temu
Elon Musk Says Twitter's Official Rebranding As X Complete
Billionaire Elon Musk announced that his social media platform, formerly known as Twitter, has completed its rebranding as X. In a post on his social media account, Musk said, "All core systems are now on http://X.com." At the bottom of the X login page, a message reads as "We are letting you know that we are changing our URL, but your privacy and data protection settings remain the same."
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8g 32 minut temu
Bay Street Likely To Open Mixed
Canadian shares may open on a mixed note Friday morning, and are likely to largely move in a tight band amid a lack of fresh triggers.
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10g 19 minut temu
China Industrial Output Gains Strength; Retail Sales & Investment Data Disappoints
China's industrial growth accelerated in April driven by robust exports but softening growth in retail sales and fixed asset investment reflects an uneven economic recovery necessitating more efforts from the part of the government to achieve the official growth target. Industrial production registered an annual increase of 6.7 percent after rising 4.5 percent in March.
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10g 42 minut temu
