DAX Slips In Cautious Trade After Fed Rate Decision

RTTNews | 503 วันที่ผ่านมา
DAX Slips In Cautious Trade After Fed Rate Decision

(RTTNews) - German stocks were subdued on Thursday after the Federal Reserve signaled that it is poised to keep interest rates higher for longer.

Investors ignored the results of a survey, which showed Germany's manufacturing PMI hit a two-month high of 42.5 in April, up from March's 41.9.

The benchmark DAX was down 6 points at 17,925 as trading resumed after the May Day holiday.

In corporate news, fashion retailer Hugo Boss tumbled 3.7 percent despite first-quarter profit coming in above expectations and the company guiding for growth over the year ahead.

Nordex dropped 1 percent despite news that it has received a 148MW turbine order for an undisclosed wind project in California.

Rational AG declined 1.6 percent. The maker of kitchen equipment confirmed its forecast for the full year after reporting an increase in net earnings for the first-quarter, reflecting a rise in sales.

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Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The Australian market is extending its early losses in mid-market moves on Thursday, adding to the losses in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,800 level, as markets digested a softer-than-expected domestic jobs report, with weakness across most sectors led by mining and energy stocks.
RTTNews | 1 ชม. 9 นาทีที่ผ่านมา
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Thursday, following the mixed cues from Wall Street overnight, after the US Fed delivered a widely expected quarter point interest rates cut to 4.0 percent, citing a shift in the balance of risks. The latest projections from Fed officials also suggest they expect the central bank to lower rates two more times this year.
RTTNews | 1 ชม. 23 นาทีที่ผ่านมา
Sensex, Nifty Seen Higher At Open

Sensex, Nifty Seen Higher At Open

Indian shares look set to open on a positive note on Thursday, tracking mixed cues from global markets.
RTTNews | 2 ชม. 1 นาทีที่ผ่านมา
Japanese Market Notably Higher

Japanese Market Notably Higher

The Japanese market is trading notably higher on Thursday, reversing the losses in the previous session, following the mixed cues from Wall Street overnight. The Nikkei 225 is moving above the 45,000 mark, with gains across most sectors led by exporters and technology stocks.
RTTNews | 2 ชม. 52 นาทีที่ผ่านมา
Australian Market Modestly Lower

Australian Market Modestly Lower

The Australian market is trading modestly lower on Thursday, extending the losses in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,800 level, with weakness across most sectors led by mining and energy stocks.
RTTNews | 3 ชม. 33 นาทีที่ผ่านมา
U.S. Dollar Advances After Fed Decision

U.S. Dollar Advances After Fed Decision

The U.S. dollar climbed against its major counterparts in the New York session on Wednesday, as the Federal Reserve cut its key interest rate and projected two more reductions for this year.
RTTNews | 6 ชม. 9 นาทีที่ผ่านมา
Fed Cuts Rates By Quarter Point, Forecasts Two More Rate Cuts This Year

Fed Cuts Rates By Quarter Point, Forecasts Two More Rate Cuts This Year

In a widely expected move, the Federal Reserve on Wednesday announced that it has decided to lower interest rates by a quarter point, marking the first rate cut of 2025. The Fed said it decided to lower the target range for the federal funds rate by 25 basis points to 4.0 percent to 4.25 percent, citing a shift in the balance of risks.
RTTNews | 10 ชม. 8 นาทีที่ผ่านมา
Swiss Market Ends Marginally Down

Swiss Market Ends Marginally Down

After a weak start and a subsequent long spell in negative territory, the Switzerland market briefly moved above the flat line in late afternoon trade on Wednesday, but failed to sustain momentum and settled marginally down with a few frontline stocks turning weak again.
RTTNews | 10 ชม. 34 นาทีที่ผ่านมา