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DAX Holds Steady Ahead Of Fed Decision
(RTTNews) - German stocks were steady on Wednesday as investors reacted to mixed manufacturing data from China and awaited the Federal Reserve's interest-rate decision later in the day for direction.
The benchmark DAX was up 0.1 percent at 15,144 after ending marginally higher the previous day.
Hannover Re shares slumped 4.3 percent. In order to take account of the growth in the property and casualty reinsurance portfolio and the increased loss expectation from natural catastrophes, the reinsurer has increased its net major-loss budget for 2023 to 1.725 billion euros.
Software AG plunged 13 percent. The company reported that, on an organic basis, EBIT was 43.1 million euros in the fourth quarter compared to 32.2 million euros, prior year.
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FTSE 100 Modestly Lower
After posting gains in the previous five sessions, the U.K. market is exhibiting weakness on Tuesday, weighed down by losses in financials and retail sectors.
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CAC Down Sharply On Widespread Selling
French stocks are down sharply on Tuesday, extending previous session's steep drop, amid ongoing political uncertainty in the country.
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DAX Extending Recent Weakness
German stocks are down in negative territory on Tuesday, extending losses from the previous session, due to geopolitical concerns and uncertainty about tariffs.
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Sensex, Nifty Tumble On Tariff Worries
Indian shares tumbled on Tuesday after the Trump administration officially issued a notice regarding the imposition of an additional 25 percent tariffs on Indian imports, with the punitive duties set to kick in at 12:01 am (EST) on August 27.
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French Consumer Sentiment Weakest Since 2023
France's consumer confidence weakened to the lowest level since October 2023 largely due to the weaker outlook for standard of living and the fall in saving intentions. The consumer sentiment index edged down to 87 in August from 88 in July. This was the lowest reading since October 2023 and remained below its long-term average of 100.
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European Shares Decline Amid French Uncertainty
European shares traded lower on Tuesday, with Fed independence fears and French political risks keeping investors on edge.
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Asian Shares Slip After Trump's Tariff Threats
Asian stocks fell on Tuesday as Fed independence fears resurfaced and investors awaited Nvidia results amid hopes it can soothe fears about AI spending.
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Indian Rupee Falls To More Than 4-week Low On Tariff Worries
The Indian rupee weakened against the U.S. dollar in the Asian session on Tuesday, after the Trump administration officially issued a notice regarding the imposition of an additional 25 percent tariffs on Indian imports, with the punitive duties set to kick in at 12:01 am (EST) on August 27.
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