DAX Dips Ahead Of ECB Rate Decision

RTTNews | 831天前
DAX Dips Ahead Of ECB Rate Decision

(RTTNews) - German stocks edged lower on Thursday, with corporate earnings results and central bank decisions in focus.

After the Federal Reserve hiked interest rates again, investors looked ahead to the European Central Bank's rate decision later in the day.

In economic releases, a survey showed the upward trend in the German service sector continued at the beginning of the second quarter.

The benchmark DAX was down 33 points, or 0.2 percent, at 15,787 after rising 0.6 percent in the previous session.

BMW rallied 2.2 percent after reporting a higher earnings margin for its cars segment.

Volkswagen gained about 1 percent after confirming its FY23 view.

Biotech firm MorphoSys AG soared 7.6 percent after narrowing its Q1 loss.

Utility Uniper jumped 6.2 percent after it swung to a profit in the first quarter. Chipmaker Infineon Technologies lost 2 percent after raising its full-year guidance.

read more
CAC 40 Up Marginally In Cautious Trade

CAC 40 Up Marginally In Cautious Trade

The French market is slightly higher on Tuesday with stocks turning in a mixed performance as investors weigh the potential impact of tariffs. The decision of the U.S. government to extend its pause on higher tariffs for Chinese goods until November 10 is aiding sentiment a bit.
RTTNews | 22分钟前
Pound Rises On Upbeat U.K. Employment Data

Pound Rises On Upbeat U.K. Employment Data

The British pound strengthened against other major currencies in the European session on Tuesday, following the release of the upbeat United Kingdom (UK) labor market data for the three-months ending June.
RTTNews | 42分钟前
DAX Retreats After Positive Start, Down 0.3%

DAX Retreats After Positive Start, Down 0.3%

Despite opening on a positive note amid easing trade tensions, the German market is down in negative territory Tuesday afternoon, with investors turning cautious, looking ahead to U.S. consumer price inflation data due later in the day. Weak economic sentiment reading is also weighing on sentiment.
RTTNews | 56分钟前
Pound Rises Against Majors

Pound Rises Against Majors

The British pound strengthened against other major currencies in the European session on Tuesday.
RTTNews | 1小时3分钟前
Australia Trims Key Interest Rate For Third Time This Year; Cuts Growth Outlook

Australia Trims Key Interest Rate For Third Time This Year; Cuts Growth Outlook

The Reserve Bank of Australia reduced its benchmark interest rate by a quarter-point for the third time this year as underlying inflation continued to moderate, while economic growth outlook was lowered due to weaker-than-expected recovery in public demand. The board decided to trim the cash rate target by 25 basis points to 3.60 percent. The decision was unanimous.
RTTNews | 1小时17分钟前