DAX Little Changed On Rate Worries

RTTNews | Pred 973 dňami
DAX Little Changed On Rate Worries

(RTTNews) - German stocks were subdued on Wednesday after Fed Chair Jerome Powell warned of bigger rate hikes to fight inflation and sportswear firm Adidas slashed its dividend after swinging to a quarterly operating loss.

The benchmark DAX was marginally lower at 15,559 after losing 0.6 percent in the previous session.

Adidas fell 1.4 percent after posting disappointing 2022 results, reflecting geopolitical, macroeconomic and company-specific challenges.

Likewise, flavor and fragrance maker Symrise tumbled 3.3 percent after forecasting 2023 core profit margin slightly below market expectations.

Continental jumped more than 7 percent after flagging improved earnings and margins in 2023.

In economic releases, Germany's industrial production rebounded in January on strong growth in intermediate goods output, data from Destatis revealed.

Industrial production grew by more-than-expected 3.5 percent on a monthly basis, offsetting the revised 2.4 percent decline in December. Output was forecast to grow 1.4 percent.

Year-on-year, the decline in industrial output halved to 1.6 percent from 3.3 percent in the previous month.

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Steady Start Seen For KOSPI

Steady Start Seen For KOSPI

The South Korea stock market has finished lower in back-to-back sessions, tumbling almost 220 points or 5 percent in that span. The KOSPI sits just above the 4,000-point plateau although it's expected to halt its slide on Thursday.
RTTNews | Pred 1 h 16 min
Australia Trade Data Due On Thursday

Australia Trade Data Due On Thursday

Australia will on Thursday release September figures for imports, exports and trade balance, highlighting a modest day for Asia-Pacific economic activity. In August, imports rose 3.2 percent on month and exports fell 7.8 percent for a trade surplus of A$1.825 billion.
RTTNews | Pred 1 h 46 min
European Stocks Shrug Off Early Weakness, Close Higher

European Stocks Shrug Off Early Weakness, Close Higher

European stocks recovered after a weak start and settled on a positive note on Wednesday, as investors tracked steady U.S. markets and indulged in some bargain hunting at several counters.
RTTNews | Pred 5 h 59 min
TSX Rises Over 1%; Materials, Energy Stocks Move Up Sharply

TSX Rises Over 1%; Materials, Energy Stocks Move Up Sharply

The Canadian market is up firmly in positive territory on Wednesday, lifted by strong gains in energy, materials and technology sectors. Data showing an improvement in Canadian services sector activity, firm commodity prices and bargain hunting after recent sharp decline contribute to market's notable move up north.
RTTNews | Pred 6 h 52 min
U.S. Service Sector Activity Returns To Expansion In October

U.S. Service Sector Activity Returns To Expansion In October

The Institute for Supply Management released a report on Wednesday showing U.S. service sector activity returned to expansion in the month of October. The ISM said its services PMI climbed to 52.4 in October after falling to 50.0 in September, with a reading above 50 indicating growth. Economists had expected the index to inch up to 50.8.
RTTNews | Pred 8 h 56 min
U.S. Private Sector Employment Rebounds More Than Expected In October

U.S. Private Sector Employment Rebounds More Than Expected In October

Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. rebounded by more than expected in the month of October. ADP said private sector employment climbed by 42,000 jobs in October after slipping by a revised 29,000 jobs in September. Economists had expected private sector employment to rise by 25,000 jobs.
RTTNews | Pred 9 h 38 min