Advertisement
DAX Rallies On Fed Pause Hopes
(RTTNews) - German stocks rose on Monday amid expectations of a pause from the U.S. Federal Reserve when it announces its interest rate decision on Wednesday.
Investors also await monetary policy announcements from the European Central Bank and the Bank of Japan this week.
The benchmark DAX was up 159 points, or 1 percent, at 16,109 after losing 0.3 percent on Friday.
Banks traded higher, with Commerzbank up nearly 2 percent and Deutsche Bank gaining over 1 percent as Euro zone short-dated government bond yields hovered around their recent highs.
Automakers BMW, Mercedes Benz and Volkswagen were up 1-2 percent.
Sportswear maker Adidas jumped 5.2 percent after Bernstein raised its rating on the stock to "outperform".
read more
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.
RTTNews
|
Pred 1 dňom
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
|
Pred 2 dňami
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
|
Pred 2 dňami
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
|
Pred 2 dňami
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
|
Pred 2 dňami
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
|
Pred 2 dňami
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
|
Pred 2 dňami
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
|
Pred 2 dňami
