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DAX Rises On Fed Policy Optimism

RTTNews | 799 dias atrás

DAX Rises On Fed Policy Optimism

(RTTNews) - German stocks advanced on Wednesday amid expectations of the U.S. Federal Reserve leaving interest rates unchanged after a two-day policy meeting later in the day.

The benchmark DAX was up 68 points, or 0.4 percent, at 16,298 after climbing 0.8 percent in the previous session.

Banks traded mixed, with Commerzbank trading little changed while Deutsche Bank edged up 0.6 percent.

Footwear conglomerate Puma edged up slightly. The company announced a reorganization to improve alignment across key business categories.

Machinery manufacturer Heidelberger Druckmaschinen slumped 4 percent after issuing a cautious outlook for the new financial year.

Construction equipment manufacturer Wacker Neuson jumped 5.6 percent after saying it aims to grow revenue by 78 percent by 2030 and increase profitability.

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CAC 40 Moderately Lower

CAC 40 Moderately Lower

French stocks are exhibiting weakness on Thursday in cautious trade, with investors awaiting speeches from central bank chiefs at the Jackson Hole Symposium, which gets underway later in the day. Investors are also digesting flash survey figures on regional manufacturing and services sector activity in the month of August.

RTTNews | 23 minutos atrás

Eurozone Private Sector Expands At Fastest Pace In 15 Months

Eurozone Private Sector Expands At Fastest Pace In 15 Months

Eurozone private sector expanded at the fastest pace in 15 months in August on stronger growth in manufacturing output despite challenges posed by U.S. trade tariffs. The HCOB flash composite output index climbed more-than-expected to 51.1 in August from 50.9 in July, survey results from S&P Global revealed Thursday. The score was seen at 50.7.

RTTNews | 27 minutos atrás

DAX Down Marginally

DAX Down Marginally

German stocks are down in negative territory on Thursday with investors making cautious moves while looking ahead to Fed Chair Jerome Powell's speech at the Jackson Hole Symposium for clues about the central bank's likely move on rate cuts this year.

RTTNews | 40 minutos atrás

Sensex, Nifty Extend Gains For Sixth Day On GST Optimism

Sensex, Nifty Extend Gains For Sixth Day On GST Optimism

Indian shares extended gains for a sixth day running on Thursday as investors continued to remain optimistic about S&P's rating upgrade for India, improving Sino-India relations and the Centre's plan to rationalize Goods and Services Tax (GST).

RTTNews | 56 minutos atrás

Pound Rises Against Majors

Pound Rises Against Majors

The British pound strengthened against other major currencies in the European session on Thursday.

RTTNews | 1 h 59 min atrás

European Shares Subdued Ahead Of Jackson Hole Summit

European Shares Subdued Ahead Of Jackson Hole Summit

European stocks were little changed on Thursday as investors looked ahead to Federal Reserve Chair Jerome Powell's speech at the Jackson Hole symposium for hints of possible rate cuts this year.

RTTNews | 2 h 7 min atrás

Indian Rupee Rises To 2-day High On Upbeat India's PMI Data

Indian Rupee Rises To 2-day High On Upbeat India's PMI Data

The Indian rupee strengthened against the U.S. dollar in the European session on Thursday, after India's private sector activity expanded at the fastest pace on record amid sharp growth in new orders.

RTTNews | 2 h 18 min atrás

Asian Shares Mixed As Investors Await Powell Speech

Asian Shares Mixed As Investors Await Powell Speech

Asian stocks ended mixed on Thursday as investors awaited policy signals from Federal Reserve Chair Jerome Powell, who is expected to speak on Friday at the Fed's annual conference in Jackson Hole, Wyoming.

RTTNews | 2 h 38 min atrás

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