DAX Rallies On Fed Optimism

RTTNews | 764 dias atrás
DAX Rallies On Fed Optimism

(RTTNews) - German stocks climbed on Thursday amid optimism the Federal Reserve is nearing the end of its tightening cycle.

The benchmark DAX was up 158 points, or nearly 1 percent, at 16,290 ahead of the ECB rate announcement due later in the day.

The European Central Bank looks all but certain to hike the deposit rate by 25 bps but there is considerable uncertainty about the central bank's guidance for September's monetary policy.

In corporate news, automaker Volkswagen tumbled 3.4 percent after it cut 2023 deliveries outlook.

Peer Mercedes-Benz Group after lifting its full-year guidance.

Wind turbine manufacturer Nordex Group fell 2.6 percent after net loss grew in the first six months of the year.

Aixtron soared nearly 13 percent after the semiconductor-equipment company raised its outlook for 2023 revenue and orders in light of strong demand.

read more
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 0 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 4 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 33 min atrás
Thai Stock Market Tipped To Open In The Green

Thai Stock Market Tipped To Open In The Green

The Thai stock market on Thursday ended the two-day slide in which it had slipped almost 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau and it may open to the upside again on Friday.
RTTNews | 6 h 39 min atrás