DAX Struggles For Direction In Lackluster Trade

RTTNews | 555 dias atrás
DAX Struggles For Direction In Lackluster Trade

(RTTNews) - German stocks struggled for direction on Wednesday ahead of flash Eurozone consumer confidence figures for February and the FOMC meeting minutes due later in the day.

The benchmark DAX was marginally lower at 17,066 after finishing 0.1 percent lower the previous day.

Fresenius SE shares jumped nearly 4 percent. The health care company reported a net loss for the fourth quarter, mainly due to results from the valuation effect of Fresenius Medical Care to the tune of 521 million euros. Revenue remained almost unchanged from previous year.

Fresenius Medical Care shares tumbled 4.4 percent.

Asian markets ended on a mixed note earlier in the day, while U.S. stock futures ticked lower ahead of Nvidia's earnings results due after the closing bell.

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Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
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U.S. Consumer Prices Increase In Line With Estimates In July

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
RTTNews | 1 h 30 min atrás
German Unemployment Exceeds 3 Mln

German Unemployment Exceeds 3 Mln

Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1
RTTNews | 1 h 59 min atrás
Pound Slides Against Majors

Pound Slides Against Majors

The British pound weakened against other major currencies in the European session on Friday, weighed down to a large extent by the weakness in the financial sector, amid reports of likely imposition of windfall tax on banks.
RTTNews | 3 h 13 min atrás