DAX Weak Ahead Of ECB Decision

RTTNews | 731 дней спустя
DAX Weak Ahead Of ECB Decision

(RTTNews) - The DAX benchmark of the Frankfurt bourse has shed close to a percent in the past 24 hours amidst anxiety ahead of the European Central Bank's interest rate decision on Thursday. The Middle East conflict and the earnings updates also swayed sentiment.

The forty-scrip DAX index is currently trading at 14,655.98 having lost 0.93 percent on an overnight basis. The day's trading ranged between a high of 14,839.19 and a low of 14,630.81. The index had closed at 14,792.94 on the previous day.

In the 40-scrip index, only four are currently trading in the overnight positive territory. Heidelberg Materials tops with gains of 1.6 percent.

Merck has slipped 4.5 percent, followed by Sartorius, Vonovia and Siemens Energy that have all slipped more than 3 percent.

Amidst the Dollar's weakness, resulting in the Dollar Index shedding 0.11 percent to 106.05, the EUR/USD pair increased 0.11 percent to 1.0605 percent. The pair ranged between 1.0616 and 1.0572.

In tandem with the rise in bond yields in the U.S., German Bond yields have also hardened. The ten-year German bond yields have increased 2.67 percent to 2.9590%, versus 2.882% at the previous close.

read more
Bay Street Likely To Open Higher On Firm Oil, Metal Prices

Bay Street Likely To Open Higher On Firm Oil, Metal Prices

Higher crude oil and metal prices point to a firm start for the Canadian market on Thursday. Investors are also expecting that the upcoming Canadian budget will contain some huge funding in major initiatives.
RTTNews | 3ч 2мин назад
Turkey Central Bank Cuts Key Rates By 100 Bps As Expected

Turkey Central Bank Cuts Key Rates By 100 Bps As Expected

Turkey's central bank reduced the pace of interest rate cuts on Thursday as inflation accelerated due to higher food prices. The Monetary Policy Committee of the Central Bank of the Republic of Turkey, headed by Yasar Fatih Karahan, decided to reduce the policy rate by 100 basis points to 39.50 percent from 40.50 percent.
RTTNews | 3ч 20мин назад
FTSE 100 Advances As Investors React To Earnings Announcements

FTSE 100 Advances As Investors React To Earnings Announcements

U.K.'s FTSE 100 remains firmly up in positive territory a little past noon on Thursday, with investors reacting to a slew of encouraging corporate earnings announcements. Energy and mining stocks are faring well.
RTTNews | 4ч 37мин назад
French Manufacturing Sentiment Strengthens Unexpectedly

French Manufacturing Sentiment Strengthens Unexpectedly

French manufacturing confidence strengthened unexpectedly in October to the highest level in more than a year, data from the statistical office INSEE showed on Thursday. The manufacturing confidence index rose to 100.7 in October from 96.7 in September, while the reading was forecast to drop to 96.0. Moreover, the score was the highest since March 2024.
RTTNews | 4ч 52мин назад
CAC 40 Hovers Near Record High; Kering Soars Over 10%

CAC 40 Hovers Near Record High; Kering Soars Over 10%

France's CAC 40 is hovering near its record high on Thursday with investors largely reacting to corporate earnings announcements, and data showing an improvement in industry confidence in France in the month of October.
RTTNews | 5ч 1мин назад
Sensex, Nifty Give Up Sharp Early Gains

Sensex, Nifty Give Up Sharp Early Gains

Indian shares closed higher on Thursday after reports suggested that India and the United States are close to finalizing a long-awaited bilateral trade deal that could sharply lower tariffs on Indian exports to about 15-16 percent from the current average of 50 percent.
RTTNews | 5ч 34мин назад
DAX Drifts Lower As Investors React To Results, Geopolitical News

DAX Drifts Lower As Investors React To Results, Geopolitical News

The German market is showing weakness on Thursday, as investors remain cautious, reacting to a slew of earnings announcements, and continuing to watch the developments on U.S.-China trade front, as well as news from the geopolitical front.
RTTNews | 5ч 52мин назад
European Shares Mixed Amid Earnings Deluge

European Shares Mixed Amid Earnings Deluge

European shares were mixed on Thursday as investors digested a wave of corporate earnings and watched trade developments between the United States and China. Meanwhile, EU countries today formally adopted a 19th package of sanctions against Russia for its war against Ukraine that includes a ban on Russian liquefied natural gas imports.
RTTNews | 6ч 45мин назад