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DAX Tumbles On Inflation, Growth Worries
(RTTNews) - German stocks fell sharply on Friday and bond yields extended their climb, as worries about inflation and interest-rate rises gripped markets.
U.S. social media company Snap Inc's bleak fourth-quarter outlook also reminded the risk of recession.
The benchmark DAX fell 205 points, or 1.6 percent, to 12,562 after rising 0.2 percent on Thursday.
METRO AG shares fell about 1 percent. After reporting a 11.8 percent increase in sales in the fourth quarter of its financial year, the wholesale giant warned that the next year continues to be challenging with high inflation and growing cost pressure.
Adidas plunged nearly 9 percent as the sporting goods maker cut its full-year outlook, citing weakening demand.
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Fed Leaves Interest Rates Unchanged, Warns Of Higher Unemployment, Inflation.
The Federal Reserve on Wednesday announced its widely expected decision to leave interest rates unchanged, highlighting increased uncertainty about the economic outlook. The Fed said it decided to leave the target for the federal funds rate at 4.25 to 4.50 percent for the third straight meeting.
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Pred 4 h 14 min
Swiss Franc Rises Against Majors
The Swiss franc climbed against its major counterparts in the New York session on Wednesday.
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Pred 4 h 59 min
Swiss Market Ends Nearly 1% Down
Swiss stocks opened on a weak note on Wednesday and languished in negative territory right through the day's session as investors stayed cautious ahead of the Federal Reserve and the Bank of England's monetary policy announcements, due later in the day, and on Thursday, respectively.
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Pred 5 h 10 min
Major European Markets Close On Weak Note After Cautious Session
The major European markets closed weak on Wednesday as investors reacted to earnings announcements, and awaited the monetary policy announcement from the Federal Reserve later in the day. The Bank of England's policy announcement is due on Thursday.
Upbeat economic data from Germany, and optimism surrounding upcoming U.S.-China trade talks helped limit markets' downside.
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Pred 5 h 25 min
Canadian Stocks Up Firmly In Positive Territory
The Canadian market is up firmly in positive territory a little past noon on Wednesday, lifted by gains in utilities, technology, consumer and financials sectors.
The market undertone is positive amid slightly easing tensions about tariffs ahead of U.S.-China meeting this week, and expectations that the Federal Reserve will hold interest rates unchanged.
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Pred 6 h 10 min
German Factory Orders Rebound Ahead Of U.S. Tariffs
Germany's factory orders grew more than expected in March as U.S. manufacturers front-loaded their orders to avoid higher tariffs, official data revealed Wednesday. Factory orders advanced 3.6 percent month-on-month in March after remaining flat in February, Destatis reported. Orders are forecast to grow 1.4 percent.
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Pred 8 h 58 min
Bay Street Likely To Open Higher
Canadian shares may open higher on Wednesday amid renewed hopes the U.S. and China will agree on a positive trade deal. The focus is also on the Federal Reserve's monetary policy announcement later in the day.
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Pred 10 h 5 min
FTSE Modestly Lower In Cautious Trade
The U.K. market is modestly lower on Wednesday as investors largely tread cautiously, digesting earnings and regional economic data, and awaiting the monetary policy announcements from the Federal Reserve and the Bank of England.
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Pred 11 h 45 min
