DAX Dips In Cautious Trade Ahead Of US Inflation Data

RTTNews | 1023天前
DAX Dips In Cautious Trade Ahead Of US Inflation Data

(RTTNews) - German stocks edged lower on Thursday, as investors awaited a closely watched reading on U.S. inflation to see whether the Federal Reserve has been successful in taming surging inflation.

The benchmark DAX dipped 33 points, or 0.2 percent, to 13,633 after closing 0.2 percent lower in the previous session.

Continental AG shares rallied 2.4 percent. The automotive supplier and tire manufacturer maintained its fiscal 2022 forecast after reporting a loss in its third quarter.

Housing group LEG Immobilien plunged 7 percent after lowering its profit forecast for this year.

Knorr Bremse surged 7.4 percent after the braking systems maker reported third quarter earnings that topped forecasts.

Allianz added 1.6 percent. The insurer resolved on a share buyback program after quarterly profit beat expectations.

Deutsche Telekom fell over 2 percent despite the telecommunications firm raising its full-year guidance for the third time this year.

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German Inflation Accelerates To 2.2% In August

German Inflation Accelerates To 2.2% In August

Consumer price inflation in Germany climbed in August to its highest level in five months, while the core figure was steady amid an acceleration in food price growth, and weakened chances for further easing from the European Central Bank in the near term.
RTTNews | 2小时10分钟前
Swiss Market Ends Modestly Lower

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RTTNews | 5小时0分钟前
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RTTNews | 5小时29分钟前
Chicago Business Barometer Slumps Much More Than Expected In August

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RTTNews | 8小时32分钟前
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Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
RTTNews | 9小时16分钟前