DAX Rallies On Optimism Fed Is Done With Rate Hikes

RTTNews | 580 dias atrás
DAX Rallies On Optimism Fed Is Done With Rate Hikes

(RTTNews) - German stocks rallied on Thursday after the U.S. Federal Reserve left interest rates unchanged and hinted at halting further interest rate hikes.

The benchmark DAX was up 85 points, or 1.2 percent, at 7,018 after gaining 0.8 percent the previous day.

Online fashion retailer Zalando rose 1.1 percent after narrowing its Q3 net loss. Fresenius Medical Care rose about half a percent after raising its FY operating income outlook. Hugo Boss jumped 4 percent. The fashion house confirmed its FY23 outlook after delivering Q3 sales in line with expectations.

Airline Lufthansa surged 6.4 percent after reporting higher Q3 profit and confirming the outlook for FY23 and FY24.

Klockner added 1.5 percent. The steel and metal distributing company said its U.S. subsidiary Kloeckner Metals Corp has agreed to acquire Industrial Manufacturing Services for an undisclosed amount.

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DAX Advances On Government's Relief Measures, ECB Rate Cut Hopes

DAX Advances On Government's Relief Measures, ECB Rate Cut Hopes

German stocks are up firmly in positive territory on Wednesday with investors reacting to the nation's cabinet approving a relief package to stimulate the economy and support companies. Investors are also expecting a 25-basis point rate cut from the European Central Bank on Thursday.
RTTNews | 14 minutos atrás
Sensex, Nifty Snap Three-day Decline

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Indian shares ended slightly higher on Wednesday after three straight sessions of losses due to heightened trade and geopolitical tensions.
RTTNews | 55 minutos atrás
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Shares of CrowdStrike Holdings, Inc. declined around 7 percent in the after-hours trading on Tuesday after the cybersecurity technology company reported a loss in its first quarter, compared to prior year's profit, and guided second-quarter earnings below last year. However, first-quarter revenues climbed, and the firm lifted its fiscal 2026 earnings outlook, but maintained annual revenue view.
RTTNews | 4 h 0 min atrás
Yen Falls Amid Risk-on Mood

Yen Falls Amid Risk-on Mood

The Japanese yen weakened against other major currencies in the Asian session on Wednesday, as Asian stock markets traded higher on optimism about amicable trade deals being reached between the U.S. and its trade partners over the weekend after the recent uncertainty. Major currencies in the region also strengthened against the US dollar.
RTTNews | 5 h 9 min atrás
European Economic News Preview: Eurozone Final Composite PMI Due

European Economic News Preview: Eurozone Final Composite PMI Due

Composite Purchasing Managers' survey results from Eurozone and the UK are due on Wednesday, headlining a busy day for the European economic news. At 3.00 am ET, Spain's INE publishes Spain's industrial production data for April. At 3.15 am ET, S&P Global releases Spain's services Purchasing Managers' survey results.
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European Shares Seen Flat To Higher At Open

European Shares Seen Flat To Higher At Open

European stocks may open flat to slightly higher on Wednesday as investors watch the latest developments on the trade front and look ahead to key events this week, including Thursday's ECB meeting and the release of U.S. non-farm payrolls report o Friday.
RTTNews | 5 h 42 min atrás