DAX Slips After Positive Start

RTTNews | 8h 26minuter sedan
DAX Slips After Positive Start

(RTTNews) - After opening on a positive note amid continued optimism about an interest rate cut by the Federal Reserve, the German market pared its gains and slipped into negative territory on Wednesday, with the mood turning cautious as investors await the crucial U.S. inflation data due later in the week, and the European Central Bank's monetary policy announcement on Thursday.

The benchmark DAX, which advanced to 23,686.91 earlier in the session, was down 19.61 points or 0.08% at 23,713.59 a little while ago.

SAP is up 2.1%. Rheinmetall and Siemens Energy are gaining 1.5% and 1.4%, respectively, and Sartorius is up nearly 1%.

BASF, Infineon Technologies, Deutsche Bank and Fresenius are up with modest gains.

Daimler Truck Holding is down more than 2%. Bayer, Porsche, Commerzbank, Volkswagen, Deutsche Telekom and Siemens are down 1 to 1.6%.

Qiagen is down nearly 1% and Merck is lower by about 0.9%. Muench Rueck, Deutsche Post, Vonovia, Porsche Automobil Holding and BMW are also down in negative territory.

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European Stocks Close On Mixed Note

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U.S. Wholesale Inventories Inch Up 0.1% In July, Slightly Less Than Expected

U.S. Wholesale Inventories Inch Up 0.1% In July, Slightly Less Than Expected

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U.S. Producer Prices Unexpectedly Edge Slightly Lower In August

U.S. Producer Prices Unexpectedly Edge Slightly Lower In August

Largely reflecting a sharp pullback in prices for trade services, the Labor Department released a report on Wednesday unexpectedly showing a modest decrease by U.S. producer prices in month of August. The Labor Department said its producer price index for final demand edged down by 0.1 percent in August after climbing by a downwardly revised 0.7 percent in July.
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U.S. Producer Prices Unexpectedly Edge Down 0.1% In August

U.S. Producer Prices Unexpectedly Edge Down 0.1% In August

Largely reflecting a sharp pullback in prices for trade services, the Labor Department released a report on Wednesday unexpectedly showing a modest decrease by producer prices in the U.S. in the month of August.
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Bay Street Seen Opening Higher

Bay Street Seen Opening Higher

Canadian stocks are likely to open higher on Wednesday, tracking firm oil and metal prices. The mood may change a bit cautious at higher levels with investors looking ahead to the crucial U.S. inflation data, due later in the week.
RTTNews | 5h 44minuter sedan
Major European Markets In Positive Territory In Cautious Trade

Major European Markets In Positive Territory In Cautious Trade

The major European markets are up in positive territory on Wednesday with investors picking up stocks amid continued optimism about a sharp rate cut by the Federal Reserve following recent weak labor market data. Easing concerns on the trade front also contribute to the positive sentiment in the markets.
RTTNews | 6h 17minuter sedan
Sensex, Nifty Close On Firm Note Again

Sensex, Nifty Close On Firm Note Again

Indian stocks closed on a positive note on Wednesday, extending previous session's gains, amid expectations of further reduction in GST rates, and hopes of a larger than expected interest rate cut by the Federal Reserve.
RTTNews | 7h 7minuter sedan
FTSE 100 Remains Steady ; ABF Tanks On Sales Warning

FTSE 100 Remains Steady ; ABF Tanks On Sales Warning

The U.K. market is modestly higher in late morning trades on Wednesday, with select frontline stocks finding good support. Movements are a bit lackluster with investors awaiting U.S. inflation data due later in the week.
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