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DAX Rallies On Fed Pause Hopes
(RTTNews) - German stocks rose on Monday amid expectations of a pause from the U.S. Federal Reserve when it announces its interest rate decision on Wednesday.
Investors also await monetary policy announcements from the European Central Bank and the Bank of Japan this week.
The benchmark DAX was up 159 points, or 1 percent, at 16,109 after losing 0.3 percent on Friday.
Banks traded higher, with Commerzbank up nearly 2 percent and Deutsche Bank gaining over 1 percent as Euro zone short-dated government bond yields hovered around their recent highs.
Automakers BMW, Mercedes Benz and Volkswagen were up 1-2 percent.
Sportswear maker Adidas jumped 5.2 percent after Bernstein raised its rating on the stock to "outperform".
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French Consumer Sentiment Weakest Since 2023
France's consumer confidence weakened to the lowest level since October 2023 largely due to the weaker outlook for standard of living and the fall in saving intentions. The consumer sentiment index edged down to 87 in August from 88 in July. This was the lowest reading since October 2023 and remained below its long-term average of 100.
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1 h 14 min atrás
European Shares Decline Amid French Uncertainty
European shares traded lower on Tuesday, with Fed independence fears and French political risks keeping investors on edge.
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1 h 35 min atrás
Asian Shares Slip After Trump's Tariff Threats
Asian stocks fell on Tuesday as Fed independence fears resurfaced and investors awaited Nvidia results amid hopes it can soothe fears about AI spending.
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1 h 56 min atrás
Indian Rupee Falls To More Than 4-week Low On Tariff Worries
The Indian rupee weakened against the U.S. dollar in the Asian session 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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2 h 30 min atrás
Antipodean Currencies Fall Amid Risk-off Mood
The antipodean currencies such as the Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Tuesday, as traders looked to cash in on the recent strong gains and remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the US Fed's preferred readings on consumer price inflation.
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3 h 9 min atrás
NZ Dollar Slides Against Majors
The New Zealand dollar weakened against other major currencies in the Asian session on Tuesday.
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4 h 17 min atrás
Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the Asian session on Tuesday.
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4 h 21 min atrás
European Shares Poised For Weak Start As Fed Rate Cut Hopes Fade
European stocks may drift lower on Tuesday as investors fret about Fed independence and await Nvidia earnings due Wednesday for guidance and signs the AI market remains robust.
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5 h 0 min atrás
