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DAX Slips On Hawkish Fed
(RTTNews) - German stocks slipped into the red on Thursday after Fed forecasts showed the U.S. central bank sees its benchmark interest rate reaching 4.4 percent by end-2022 and rising even further in 2023.
The Bank of England meets later in the day, with economists expecting a 75-bps rate hike.
Earlier today, the SNB hiked borrowing costs by 75 basis points to 0.5 percent, up from the previous level of -0.25 percent set in June.
The benchmark DAX was down 40 points, or 0.3 percent, at 12,726 after rising 0.8 percent the previous day.
Tech stocks fell, with Infineon Technologies losing 1.5 percent.
Travel-related stocks were also on the decline, with TUI giving up nearly 1 percent.
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European Stocks Close Lower On Geopolitical Tensions
European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.
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28 minut temu
U.S. Consumer Sentiment Deteriorates Slightly More Than Initially Estimated In August
The University of Michigan released a report on Friday showing consumer sentiment in the U.S. deteriorated by slightly more than previously estimated in the month of August. The report said the consumer sentiment index for August was downwardly revised to 58.2 from the preliminary reading of 58.6.
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3g 13 minut temu
Chicago Business Barometer Slumps Much More Than Expected In August
MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
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3g 32 minut temu
U.S. Consumer Prices Increase In Line With Estimates In July
Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
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4g 15 minut temu
German Unemployment Exceeds 3 Mln
Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1
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4g 45 minut temu
U.S. PCE Price Index Increased In Line With Estimates In July
Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday.
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4g 57 minut temu
Slightly Weak Start Seen For U.S. Stocks; PCE Data In Focus
Lower U.S. futures point to a slightly negative start on Wall Street Friday morning.
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5g 13 minut temu
Lower Futures Pointing To Weak Start On Bay Street; Canadian GDP, US PCE Data In Focus
Lower Canadian and U.S. futures ahead of Canadian GDP data and U.S. personal consumption expenditure report, point to a weak start on Bay Street Friday morning.
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5g 51 minut temu
