DAX Slips In Cautious Trade After Fed Rate Decision

RTTNews | 504 gün önce
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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Swiss Market Ends On Firm Note

Swiss Market Ends On Firm Note

After a positive start, the Switzerland market suffered a mild setback and slipped slightly below the flat line Thursday morning, but recovered swiftly and stayed firm thereafter to finally end the day's session modestly higher.
RTTNews | 1s 19 dakika önce
Major European Markets Close On Firm Note

Major European Markets Close On Firm Note

The major European markets closed higher on Thursday, with investors reacting positively to the Federal Reserve's rate cut and its comments suggesting more easing this year. The Bank of England left interest rates unchanged, as widely expected.
RTTNews | 1s 47 dakika önce
Technology Stocks Shine; TSX Up Nearly 0.5%

Technology Stocks Shine; TSX Up Nearly 0.5%

After opening marginally up, the Canadian market moved ahead Thursday morning, and remains firmly in positive territory a little before noon. Technology stocks have recovered from previous session's losses, contributing significantly to market's upmove.
RTTNews | 3s 37 dakika önce
U.S. Leading Economic Index Falls Much More Than Expected In August

U.S. Leading Economic Index Falls Much More Than Expected In August

Leading U.S. economic indicators fell by much more than expected in the month of August, according to a report released by the Conference Board on Thursday. The Conference Board said its leading economic index slid by 0.5 percent in August after inching up by a revised 0.1 percent in July. Economists had expected the leading economic index to edge down by 0.1 percent.
RTTNews | 4s 44 dakika önce
Philly Fed Index Surges To Eight-Month High In September

Philly Fed Index Surges To Eight-Month High In September

A report released by the Federal Reserve Bank of Philadelphia on Thursday said regional manufacturing activity expanded overall in the month of September. The Philly Fed said its diffusion index for current general activity spiked to a positive 23.2 in September from a negative 0.3 in August, with a positive reading indicating growth. Economists had expected the index to rise to a positive 2.3.
RTTNews | 5s 25 dakika önce
Bank Of England Holds Key Rate; Slows Quantitative Tightening

Bank Of England Holds Key Rate; Slows Quantitative Tightening

The Bank of England left its interest rate unchanged and softened its pace of quantitative tightening on Thursday, as policymakers were wary about risks to inflation in the U.K. The BoE Monetary Policy Committee, led by Governor Andrew Bailey, voted 7-2 to maintain the bank rate at 4.00 percent.
RTTNews | 5s 26 dakika önce
U.S. Weekly Jobless Claims Pull Back Off Nearly Four-Year High

U.S. Weekly Jobless Claims Pull Back Off Nearly Four-Year High

After reporting first-time claims for U.S. unemployment benefits climbed to a nearly four-year high in the previous week, the Labor Department released a report on Thursday showing initial jobless claims pulled back by more than expected in the week ended September 13th.
RTTNews | 5s 29 dakika önce