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DAX Dips Ahead Of Key Eurozone Data
(RTTNews) - German stocks fell on Monday as investors awaited retail sales, the Sentix investor sentiment index and a slew of Services PMI reports from eurozone for directional cues. The benchmark DAX dropped 50 points, or 0.4 percent, to 14,479 after rising 0.3 percent on Friday.
The euro hit a fresh six-month high against the dollar on concerns about a widening policy gap between the U.S. and Europe.
While the Federal Reserve is on track to raise interest rates by 50 bps at its next meeting this month, recent ECB comments suggest that the debate on a 50 bps or 75 bps move in December isn't decided yet.
Among the prominent decliners. Kitchen appliance manufacturer Rational AG slumped 5.5 percent.
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Canadian Market Down Sharply; Materials Stocks Tumble
The Canadian market is down sharply in negative territory Thursday afternoon, hurt by losses in materials, consumer discretionary and industrials sectors.
Geopolitical tensions, and concerns about the impact of the US government shutdown render the mood bearish. Also, investors are looking ahead to the reporting season.
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3小时39分钟前
Swiss Market Settles Modestly Lower
The Switzerland market spent much of the day's trading session on Thursday as investors refrained from making significant moves amid a lack of positive catalysts.
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4小时22分钟前
European Stocks Close Broadly Lower Amid Political Uncertainty And Lack Of Key Data
Most of the markets across Europe ended on a weak note on Thursday, weighed down by concerns about the political situation in France, and a lack of significant data. Bank stocks were under pressure.
However, expectations of more interest rate cuts by the Federal Reserve limited markets' downside a bit.
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4小时38分钟前
ECB Minutes Reveal Confident But Cautious Stance Amid High Uncertainty
The European Central Bank policymakers felt no immediate pressure to adjust interest rates in September as risks to both inflation and growth were seen as balanced and the high uncertainty linked to trade policies also justified the stance as this would give more time to assess the real impact of tariffs on the economy, minutes of the September policy session showed on Thursday.
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4小时46分钟前
Bay Street Likely To Open Flat
Canadian stocks look headed for a somewhat flat start Thursday morning, tracking the trend in European markets, and commodity prices.
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9小时21分钟前
Philippine Central Bank Cuts Rate Unexpectedly
The Philippines' central bank unexpectedly reduced its key interest rates by 25 basis points on Thursday, for the fourth time this year and signaled further reduction to support economic growth. The Monetary Board of the Bangko Sentral ng Pilipinas, headed by Governor Eli Remolona, decided to reduce the policy rate by 25 basis points to 4.75 percent. The bank was expected to hold the rate at 5.0
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9小时36分钟前
PepsiCo Q3 Results Top Market, Confirms FY25 View; Names Walmart's Steve Schmitt CFO
PepsiCo, Inc. on Thursday reported lower profit in its third quarter, while core earnings per share and top line beat market estimates. Further, the firm maintained its fiscal 2025 outlook. Separately, the food and beverage giant announced that it has appointed Walmart Inc.'s Steve Schmitt as Executive Vice President and Chief Financial Officer...
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9小时57分钟前
FTSE 100 Down Nearly 0.5%; Bank Stocks Tumble
The UK stock market is down in negative territory on Thursday, weighed down by losses in banking and housing sectors.
Expectations of more interest rate cuts by the Federal Reserve and a few other major central banks appear to be limiting the market's downside.
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11小时14分钟前
