DAX Edges Higher On Hopes Of Rate Cuts

RTTNews | 644天前
DAX Edges Higher On Hopes Of Rate Cuts

(RTTNews) - German stocks rose on Thursday to extend gains from the previous session amid expectations that central banks will start cutting rates around mid-2024.

Investors looked ahead to a raft of U.S. economic data and high-profile ECB and Fed speeches for further clues to the economic growth and rate outlook.

The dollar held ground as U.S. President Joe Biden and Chinese President Xi Jinping concluded more than four hours of talks with a commitment to stabilise strained relations.

The benchmark DAX was up 62 points, or 0.4 percent, at 15,810 after climbing 0.9 percent in the previous session.

Hellofresh shares plunged more than 20 percent. The meal kit delivery company lowered its adjusted earnings expectations for the year and narrowed its revenue growth outlook.

Industrial conglomerate Siemens jumped 5.5 percent after posting fourth-quarter profit ahead of expectations.

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Swiss Market Ends Weak

Swiss Market Ends Weak

The Switzerland market ended modestly lower on Thursday after languishing in negative territory right through the day's trading session, as the mood remained cautious with investors looking ahead to speeches from central bank chiefs at Federal Reserve's Jackson Hole Symposium.
RTTNews | 1小时57分钟前
European Stocks Close On Mixed Note Again

European Stocks Close On Mixed Note Again

European stocks turned in another mixed performance as investors stayed a bit cautious on Thursday, looking ahead to Federal Reserve's symposium at Jackson Hole, Wyoming, and largely shrugging off trade concerns. Investors also digested the latest batch of regional economic data, including flash estimates of manufacturing and services sector activity in the major economies.
RTTNews | 2小时13分钟前
Eurozone Consumer Confidence Weakens More Than Expected In August

Eurozone Consumer Confidence Weakens More Than Expected In August

Euro area consumer sentiment deteriorated more than expected in August to a four-month low, after a strong improvement in the previous month, preliminary results of the monthly survey by the European Commission revealed on Thursday.
RTTNews | 3小时1分钟前
U.S. Leading Economic Index Edges Down In Line With Estimates In July

U.S. Leading Economic Index Edges Down In Line With Estimates In July

A reading on leading U.S. economic indicators edged slightly lower in the month of July, according to a report released by the Conference Board on Thursday. The Conference Board said leading economic index slipped by 0.1 percent in July after falling by 0.3 percent in June. The modest decrease matched economist estimates.
RTTNews | 4小时56分钟前
U.S. Existing Home Sales Unexpectedly Rebound In July

U.S. Existing Home Sales Unexpectedly Rebound In July

The National Association of Realtors released a report on Thursday showing an unexpected rebound by existing home sales in the U.S. in the month of July. The report said existing home sales jumped by 2.0 percent to an annual rate of 4.01 million in July after tumbling by 2.7 percent to an annual rate of 3.93 million in June.
RTTNews | 5小时7分钟前
Philly Fed Index Unexpectedly Returns To Negative Territory In August

Philly Fed Index Unexpectedly Returns To Negative Territory In August

Manufacturing activity in the Philadelphia area has weakened in the month of August, the Federal Reserve Bank of Philadelphia revealed in a report released on Thursday. The Philly Fed said its diffusion index for current general activity tumbled to a negative 0.3 in August from a positive 15.9 in July, with a negative reading indicating contraction.
RTTNews | 5小时31分钟前