DAX Slips In Cautious Trade Ahead Of US Election Results

RTTNews | 920 gün önce
DAX Slips In Cautious Trade Ahead Of US Election Results

(RTTNews) - German stocks were subdued on Wednesday as investors awaited the results of Tuesday's midterm elections in the United States.

According to early results, a predicted Republican "red wave" appeared to have become a ripple as Democrats clung on in key races in the midterm elections.

A split government is viewed as a more favorable outcome for financial markets. The benchmark DAX was down 53 points, or 0.4 percent, at 13,635 after rallying 1.2 percent the previous day.

Deutz AG, an internal combustion engine manufacturer, jumped more than 2 percent after posting improved earnings in the third quarter.

Chemicals distributor Brenntag rose 0.6 percent after its Q3 profit beat forecasts. Evotec plunged nearly 7 percent after the drug discovery development company kept its outlook for FY22 unchanged.

Utility E.ON fell 1.7 percent after high energy costs dented its earnings in the January-September period.

Lender Commerzbank fell about 1 percent after reporting a 52 percent fall in its third-quarter net profit.

read more
U.S. Dollar Higher On Trade Hopes

U.S. Dollar Higher On Trade Hopes

The U.S. dollar appreciated against its major counterparts in the New York session on Friday, as investors focused on developments on the trade front.
RTTNews | 18s 28 dakika önce
Swiss Market Ends On Firm Note On Upbeat Industrial Production Data

Swiss Market Ends On Firm Note On Upbeat Industrial Production Data

After a positive start and a subsequent rise to higher levels Friday morning, the Switzerland market remained firm despite paring some gains, and ended the day's session on a bright note. Data showing a sharp jump in Swiss industrial production in the first-quarter aided sentiment.
RTTNews | 20s 18 dakika önce
European Stocks Close Week On Positive Note

European Stocks Close Week On Positive Note

European stocks closed higher on Friday thanks to easing trade tensions following the announcement of the U.S.-China deal earlier in the week, and reports that the EU bloc's talks with the U.S. for a reduction in tariffs are making positive progress.
RTTNews | 20s 41 dakika önce
Canadian Market Recovers After Weak Start; TSX Up Marginally

Canadian Market Recovers After Weak Start; TSX Up Marginally

Canadian stocks are turning in a mixed performance a little past noon on Friday after recovering from an early setback. Investors appear to be making cautious moves after eight straight days of gains that saw the market climb to a new record high on Thursday.
RTTNews | 21s 28 dakika önce
U.S. Consumer Sentiment Unexpectedly Continues To Deteriorate In May

U.S. Consumer Sentiment Unexpectedly Continues To Deteriorate In May

Consumer sentiment in the U.S. has unexpectedly continued to deteriorate in the month of May, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index dipped to 50.8 in May after slumping to 52.2 in April. Economists had expected the index to inch up to 53.4.
RTTNews | 23s 35 dakika önce
U.S. Import, Export Prices Unexpectedly Inch Higher In April

U.S. Import, Export Prices Unexpectedly Inch Higher In April

The Labor Department released a report on Friday unexpectedly showing modest increases by both U.S. import and export prices in the month of April. The report said import prices crept up by 0.1 percent in April after falling by a downwardly revised 0.4 percent in March.
RTTNews | 23s 38 dakika önce
Eurozone Trade Surplus Surges On Exports To US

Eurozone Trade Surplus Surges On Exports To US

The euro area trade surplus grew strongly in March as exports to the U.S increased sharply ahead of the expected increase in trade tariffs. The trade balance showed a surplus of EUR 36.8 billion compared to a EUR 22.8 billion surplus in the same period last year, Eurostat reported Friday.
RTTNews | 1 gün önce