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DAX Little Changed In Cautious Trade
(RTTNews) - German stocks were little changed on Tuesday as investors digested mixed signals from ECB policymakers on the central bank's future interest-rate path.
After several ECB officials hinted at slower rate hikes, ECB policymaker Robert Holzmann has backed another 75-bps rate hike at the next rate-setting meeting in December.
The euro rose against the dollar in European trade, holding above two-week lows amid grim outlook for European services and manufacturing.
The benchmark DAX was down 15 points, or 0.1 percent, at 14,364 after declining 0.4 percent on Monday.
Thyssenkrupp shares slumped 4.6 percent after activist fund Cevian cut its stake in the industrial engineering company to less than 1 percent.
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U.S. Dollar Drops After Powell's Speech
The U.S. dollar weakened against its major counterparts in the New York session on Friday, as Federal Reserve Chair Jerome Powell hinted at a potential rate cut next month.
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Pred 3 h 45 min
TSX Hits New Record High As Stocks Rally On Fed Rate Cut Hopes
The Canadian market is up firmly in positive territory a little past noon on Friday, with stocks from across several sectors moving higher on strong buying support amid rising hopes of an interest rate cut by the Federal Reserve in September.
RTTNews
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Pred 9 h 15 min
Powell Says Outlook, Shifting Balance Of Risks 'May Warrant' Lower Rates
Federal Reserve Chair Jerome Powell delivered a highly-anticipated speech before the Jackson Hole Economic Symposium on Friday, although he touched only briefly on the outlook for monetary policy. "With policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance," Powell said.
RTTNews
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Pred 11 h 24 min
Bay Street Likely To Open On Mixed Note; Powell's Speech Eyed
Canadian shares are likely to open on a somewhat mixed note Friday morning with investors awaiting Fed Chair Jerome Powell's speech at Jackson Hole. Lower commodity prices may weigh a bit early on in the session.
RTTNews
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Pred 13 h 53 min
Sensex, Nifty Snap Six-day Winning Streak On Tariff Concerns
Indian shares fell sharply on Friday after a Trump administration official called India the 'Maharaja' of tariffs and ramped up his criticism over the trade ahead of an expected tariff increase on August 27.
RTTNews
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Pred 15 h 40 min
FTSE 100 Down Slightly; Standard Chartered Shares Up Sharply
U.K. stocks are turning in a mixed performance in cautious trade on Friday, amid a lack of fresh triggers. Investors are awaiting Fed Chair Jerome Powell's speech later in the day at the Jackson Hole Symposium, for clues about U.S. central bank's interest rate move next month.
RTTNews
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Pred 15 h 46 min
U.S. Dollar Rises Ahead Of Fed's Powell Speech
The U.S. dollar strengthened against other major currencies in the European session on Friday, as traders expect speech by Fed Chair Jerome Powell at the Jackson Hole Symposium.
RTTNews
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Pred 15 h 50 min
CAC 40 Up Slightly In Lackluster Trade
French stocks are mostly subdued on Friday with investors refraining from making significant moves, choosing to wait for key speeches from central bank chiefs at the Jackson Hole Symposium. The focus is on Fed Chair Jerome Powell's speech for clues about interest rate cuts in September.
RTTNews
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Pred 16 h 7 min
