DAX Gains As Investors Digest Fed Minutes

RTTNews | 918 dias atrás
DAX Gains As Investors Digest Fed Minutes

(RTTNews) - German stocks rose on Thursday as investors reacted to the FOMC meeting minutes released overnight and a slew of encouraging earnings results.

Following the release of the minutes from the U.S. central bank's Jan 31-Feb 1 policy meeting, Fed funds futures now price in three more quarter-percentage-point rate hikes at upcoming meetings this year

The benchmark DAX was up 0.7 percent at 15,510 after finishing marginally higher on Wednesday.

Freenet AG, a telecommunications and web content provider, rose about 1 percent after posting EBITDA growth of 7.0 percent in financial year 2022.

Reinsurer Munich Re plunged 5.2 percent despite delivering a surprisingly strong annual profit in a difficult year for the industry.

Krones AG added 2 percent after reporting a rise in preliminary earnings and revenue.

read more
Asian Shares Mixed Ahead Of US PCE Inflation Data

Asian Shares Mixed Ahead Of US PCE Inflation Data

Asian stocks ended mixed on Friday as caution prevailed ahead of a key U.S. inflation report due later in the day that might show core personal consumption expenditures prices rose 2.9 percent in July, the fastest pace in five months.
RTTNews | 17 minutos atrás
European Shares Seen Mostly Lower Before US Inflation Data

European Shares Seen Mostly Lower Before US Inflation Data

European stocks may open broadly lower on Friday as the prospect of a peace agreement between Russia and Ukraine waned and focus shifted to a key U.S. inflation reading due later in the day that could provide additional clues on the Federal Reserve's rate outlook.
RTTNews | 3 h 16 min atrás
Australian Market Swings To Modest Gains In Mid-market

Australian Market Swings To Modest Gains In Mid-market

The Australian stock market is swinging to modest gains in mid-market moves on Friday after opening in the red, extending the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 9,000 mark, with gains in energy and technology stocks partially offset by weakness in mining and financial stocks.
RTTNews | 5 h 20 min atrás
Asian Markets Mixed Amid Caution Trades

Asian Markets Mixed Amid Caution Trades

Asian stock markets are mixed on Friday, following the broadly positive cues from Wall Street overnight, ahead of the release of key U.S. inflation data later in the day that could impact the outlook for interest rates. Traders also digested highly anticipated earnings news from Nvidia, with the AI darling and market leader reporting second-quarter results that largely exceeded expectations.
RTTNews | 5 h 49 min atrás