Hawkish Rhetoric Drags Down DAX

RTTNews | 1048 ngày trước
Hawkish Rhetoric Drags Down DAX

(RTTNews) - The German stock market benchmark DAX dropped more than a percent amidst an unexpected hawkish stance in the Fed's monetary policy guidance. Anxiety ahead of the ECB's interest rate review also dampened sentiment.

The forty-scrip DAX index is currently trading at 14,293.05, down 1.2 percent on an overnight basis. The day's trading has been within the range of 14,261.55 and 14,361.05.

Except for Heidelberg Cement, all the scrips in the 40-scrip index are trading in an overnight negative territory.

Zalando, Siemens Energy, Deutsche Post, adidas and Puma, have all dropped more than 3 percent.

The EUR/USD pair is at 1.0620, shedding 0.58 percent overnight whilst the US Dollar Index gained 0.48 percent to 104.26.

Ahead of the ECB review, the ten-year bond yield has decreased 0.70 percent to 1.9185%, versus 1.9320% at the previous close. The pan-European STOXX 600 is currently trading at 437.30, down 1.2 percent on an overnight basis.

read more
European Shares Slip From Record Highs Ahead Of Xi-Trump Meeting

European Shares Slip From Record Highs Ahead Of Xi-Trump Meeting

European stocks fell from record highs on Tuesday as investors looked forward to key central bank meetings as well as a planned meeting between U.S. President Donald Trump and his Chinese counterpart Xi Jinping in South Korea on Thursday for direction.
RTTNews | 19 phút trước
Yen Rises Amid Intervention Fears

Yen Rises Amid Intervention Fears

The Japanese yen strengthened against other major currencies in the early European session on Tuesday, amid fears that government officials may step in to stop a further drop in the value of the home currency.
RTTNews | 55 phút trước
Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the early European session on Tuesday.
RTTNews | 1h 34phút trước
South Korea GDP Growth Fastest In 1 1/2 Years

South Korea GDP Growth Fastest In 1 1/2 Years

South Korea's economy logged its fastest growth in one-and-a-half years in the third quarter, thanks to robust consumption and exports. Gross domestic product grew 1.2 percent from a quarter ago, advance estimate from the Bank of Korea showed on Tuesday. This followed second quarter's 0.7 percent expansion.
RTTNews | 2h 7phút trước
U.S. Dollar Falls Against Majors

U.S. Dollar Falls Against Majors

The U.S. dollar weakened against other major currencies in the early European session on Tuesday.
RTTNews | 2h 12phút trước
European Economic News Preview: German GfK Consumer Confidence Due

European Economic News Preview: German GfK Consumer Confidence Due

Consumer sentiment from Germany and business confidence from Italy are the major economic reports due on Tuesday. At 3.00 am ET, the market research group GfK is slated to issue Germany's consumer sentiment survey results. The consumer confidence index is forecast to rise to -22.0 in November from -22.3 in October. Also, Statistics Sweden is set to issue monthly foreign trade data for September
RTTNews | 3h 5phút trước
Europe Car Sales Grow For Third Month

Europe Car Sales Grow For Third Month

Europe's new car sales increased for the third straight month in September driven by the launch of new models, the European Automobile Manufacturers' Association, or ACEA, said Tuesday. New car sales advanced 10.0 percent year-on-year in September, following a 5.3 percent rise in August. This was the third consecutive increase in car sales.
RTTNews | 3h 45phút trước