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DAX Rises Despite Weak Retail Sales Data
(RTTNews) - German stocks rose on Thursday as Fed Chair Jerome Powell signaled a potential slowing of interest rate hikes and two major Chinese cities relaxed some COVID restrictions in efforts to reduce public discontent.
Investors looked past data showing that German retail sales fell more than expected in October as a result of concerns surrounding inflation.
Retail sales contracted by 5 percent year-on-year in October, the federal statistics office said. That was well below forecasts for a 2.8 percent decline. Sales fell 2.8 percent month-on-month.
The benchmark DAX was up 76 points, or half a percent, at 14,473 after gaining 0.3 percent the previous day.
Tech stocks led the surge, with Infineon Technologies rising more than 3 percent.
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European Stocks Close On Mixed Note
European stocks turned in a mixed performance on Wednesday as investors largely stayed cautious, looking ahead to chipmaker Nvidia's quarterly earnings announcement, and continuing to assess the political situation in France.
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1h 4phút trước
Euro Falls Amid Political Uncertainty
The euro weakened against other major currencies in the European session on Wednesday, as trader's concern about the collapse of France's government.
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5h 19phút trước
Bay Street Likely To Open On Positive Note
Canadian shares are likely to open on a positive note on Wednesday, riding on strong earnings from Royal Bank of Canada and National Bank of Canada. Weak commodity prices and concerns on the geopolitical and tariffs front may weigh limit market's upside.
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5h 45phút trước
European Stocks Turning In Mixed Performance
European stocks are turning in a mixed performance on Wednesday as political uncertainty in France, and a lack of any significant positive triggers render the mood cautious. Investors are also awaiting earnings updates from AI major NVIDIA.
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6h 12phút trước
FTSE 100 Flat In Lackluster Trade; Bank Stocks Drifting Lower
U.K. stocks are somewhat subdued in lackluster trade on Wednesday as investors remain a bit reluctant to make significant moves due to a lack of triggers.
The benchmark FTSE 100 was at 9,266.25 a little before noon, up 0.45 points over previous close.
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7h 1phút trước
CAC 40 Advances After Recent Losses
Despite the uncertainty on the political front, the French market is up in positive territory on Wednesday due largely to some bargain hunting at several counters after two successive days of declines. Investors are also looking ahead to AI giant Nvidia's earnings updates.
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7h 16phút trước
DAX Remains Weak Despite Paring Some Early Losses
German stocks are down in negative territory in cautious trade on Wednesday amid political uncertainty in France ahead of a confidence vote early next month, and anxiety ahead of Nvidia's earnings for clues on the AI trade.
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7h 32phút trước
Mixed Sentiment In Asian Markets
Asian markets moved in a mixed fashion on Wednesday amidst anxiety ahead of release of earnings update by chip-giant NVIDIA.
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7h 43phút trước
