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DAX Rises On Hopes Of ECB Rate Pause
(RTTNews) - German stocks advanced on Thursday as retreating U.S. Treasury yields weakened the dollar and boosted appetite for riskier assets.
Stellar earnings from chip maker Nvidia and increasing prospects of the European Central Bank keeping rates unchanged in September also underpinned sentiment.
The benchmark DAX was up 104 points, or 0.7 percent, at 15,833 after edging up 0.2 percent in the previous session.
Fielmann added 1.5 percent. The eyewear and hearing aid company backed its FY23 outlook after posting a higher net profit for the second quarter.
CTS Eventim, which specializes in event organization, rose nearly 2 percent after reporting a rise in first-half normalized EBITDA and revenue.
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TSX Pares Gains After Hitting Fresh Record High; Gildan Activewear Soars 11%
Despite coming off early highs, the Canadian market remains in positive territory on Wednesday afternoon, supported by gains in consumer discretionary, communications and real estate sectors. Stocks from financial section are also faring reasonably well.
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Swiss Market Ends On Firm Note
The Switzerland market closed on a firm note on Wednesday, despite struggling for support mid way through the day's trading session. Investors largely made their moves, reacting to the most recent earnings updates.
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European Stocks Close Mostly Higher
European stocks closed mostly higher on Wednesday on rising optimism about a rate cut by the Federal Reserve in September, and easing trade and geopolitical tensions. Gains were somewhat modest in several markets and traders chose to stay cautious at higher levels, choosing to wait for more economic data, and news from the tariff front.
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Bay Street Likely To Open On Positive Note
Canadian stocks may open higher on Wednesday, amid continued optimism about Fed interest rate cut, and easing geopolitical tensions ahead of talks between U.S. President Donald Trump and Russian President Vladimir Putin that is scheduled to take place on Friday.
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5h 42minuter sedan
U.S. Dollar Extends Fall Amid Fed Rate Cut Speculation
The U.S. dollar continued to trade lower against other major currencies in the European session on Wednesday, as the U.S. Consumer Price Index data from July has raised expectations that the Fed would lower interest rates in September.
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6h 8minuter sedan
FTSE 100 Modestly Higher; Beazley Plunges Sharply
U.K. stocks are turning in a mixed performance on Wednesday with investors reacting to earnings, and awaiting fresh data and trade news for directional clues.
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CAC 40 Up Nearly 0.5%; Essilor Rises Sharply
French stocks are gaining some ground in positive territory on Wednesday, extending previous session's rise, amid continued optimism the Fed will reduce interest rate next month, and on slightly easing concerns about tariff after the U.S. decided to extend its pause on higher tariffs against China till November 10.
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7h 19minuter sedan
DAX Notably Higher As Fed Rate Cut Hopes, Easing Trade Tensions Lift Sentiment
The German market is up firmly in positive territory on Wednesday, with stocks from several sectors posting solid gains, amid expectations of a rate cut by the Federal Reserve next month, and on hopes that the impact of tariffs on growth will be less severe than feared earlier. Investors are also digesting the nation's inflation data.
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7h 45minuter sedan
