DAX Edges Lower Ahead Of ECB Decision

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DAX Edges Lower Ahead Of ECB Decision

(RTTNews) - German stocks edged down slightly on Thursday as investors looked ahead to a monetary policy decision by the European Central Bank and remarks by president Christine Lagarde for clues on the timeline for interest-rate cuts.

The benchmark DAX was down 23 points, or 0.1 percent, at 18,075 after edging up 0.1 percent on Wednesday.

Gerresheimer AG, a maker of packaging products for medication and drug delivery devices, fell about 1 percent after reporting a slight decline in first-quarter net income.

Airline Lufthansa declined 1.5 percent after an announcement that it has suspended its flights to and from Tehran because of the present situation in the Middle East.

Asian markets ended on a mixed note earlier today while U.S. stock futures were down slightly ahead of the release of producer price data and key bank earnings.

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FTSE 100 Modestly Higher As Miners Rise

FTSE 100 Modestly Higher As Miners Rise

The UK market is up in positive territory a little past noon on Friday, supported by solid gains in the mining sector thanks to higher metal prices. Investors are also digesting the data showing the UK economy stagnated in July as expansions in services and construction sectors were offset by the decline in industrial production.
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CAC 40 Down Nearly 0.5%

CAC 40 Down Nearly 0.5%

French stocks are exhibiting weakness on Friday with investors largely cautious ahead of Fitch Ratings' review of France's sovereign credit rating. Expectations of a rate cut by the Federal Reserve next week appear to be limiting market's downside.
RTTNews | 59 minuter sedan
DAX Modestly Lower In Cautious Trade; Auto Stocks Among Major Losers

DAX Modestly Lower In Cautious Trade; Auto Stocks Among Major Losers

German stocks are down in negative territory on Friday in cautious trade amid concerns about a possible downgrade of France's sovereign rating. Optimism about an interest rate cut by the Federal Reserve next week helps limit market's downside.
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Sensex, Nifty End Higher On Trade Deal Hopes

Sensex, Nifty End Higher On Trade Deal Hopes

Indian shares rose on Friday as rising jobless claims coupled with in-line U.S. consumer price inflation data spurred expectations for more Federal Reserve rate cuts.
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Antipodean Currencies Rise Amid Risk-On Mood

Antipodean Currencies Rise Amid Risk-On Mood

The antipodean currencies such as the Australia and the New Zealand dollars strengthened their major currencies in the Asian session on Friday amid increased risk-on mood by the investors, as weaker than expected U.S. consumer price inflation and producer price inflation data as well as recent downbeat monthly jobs data have reinforced expectations of a U.S. Fed rate cut at next week's meeting.
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