DAX Holds Steady In Lackluster Trade

RTTNews | 400 дней спустя
DAX Holds Steady In Lackluster Trade

(RTTNews) - German stocks held largely steady on Monday ahead of a busy week of corporate earnings and central bank policy meetings.

Amazon, Apple, Meta and Microsoft are among the top U.S. companies that will release their quarterly earnings results this week after Tesla and Alphabet disappointed markets.

This will also be marked by interest rate decisions from three major central banks: the Bank of England (BOE), the Federal Reserve (Fed), and the Bank of Japan (BOJ).

The benchmark DAX was up 0.1 percent at 18,439 after gaining 0.7 percent on Friday.

In corporate news, Merck rallied 3.4 percent after the maker of pharmaceuticals, lab gear and specialty chemicals raised its forecast for the group.

Conglomerate Thyssenkrupp fell 1.3 percent after lowering its 2024 outlook.

read more
DAX Dips As Inflation Spike Hurts Sentiment

DAX Dips As Inflation Spike Hurts Sentiment

The DAX benchmark that tracks the performance of the 40 largest companies listed on the Frankfurt Stock Exchange is trading deep in the red amidst a higher-than-expected level of inflation reading from Euro Area.
RTTNews | 33 минут назад
Sensex, Nifty Give Up Early Gains To End Lower

Sensex, Nifty Give Up Early Gains To End Lower

Indian shares gave up early gains to end lower on Tuesday ahead of the upcoming two-day Goods and Services Tax (GST) Council meeting later this week.
RTTNews | 1ч 28мин назад
Pound Slides After UK Starmer's Reshuffle

Pound Slides After UK Starmer's Reshuffle

The British pound weakened against other major currencies in the European session on Tuesday, amid rising concerns about the UK government's ability to maintain fiscal discipline. In order to meet her fiscal goals, Chancellor Rachel Reeves is anticipated to increase taxes in her autumn budget, which could likely weigh on economy.
RTTNews | 1ч 42мин назад
Eurozone Inflation Rises Slightly To 2.1%

Eurozone Inflation Rises Slightly To 2.1%

Eurozone inflation rose marginally in August but the rate remained near to the European Central Bank's 2 percent target, official data revealed on Tuesday. The harmonized index of consumer prices rose 2.1 percent year-on-year in August, slightly faster than the 2.0 percent increase in July, flash data from Eurostat showed.
RTTNews | 1ч 50мин назад
European Shares Slide As Inflation Accelerates

European Shares Slide As Inflation Accelerates

European stocks traded lower on Tuesday after Eurostat data showed Eurozone inflation rose to 2.1 percent last month, climbing above the European Central Bank's 2 percent target for the first time since April driven by higher prices for food, alcohol and tobacco.
RTTNews | 2ч 18мин назад
Pound Slides Against Majors

Pound Slides Against Majors

The British pound weakened against other major currencies in the European session on Tuesday.
RTTNews | 2ч 26мин назад
FTSE Edges Lower As Yields Jump On Debt Concerns

FTSE Edges Lower As Yields Jump On Debt Concerns

U.K. stocks traded lower on Tuesday as the 30-year gilt yield hit a 27-year high at 5.680 percent in early trading on rising debt concerns, in a pre-budget blow for chancellor Rachel Reeves.
RTTNews | 2ч 37мин назад