DAX Edges Lower Ahead Of Fed Move

RTTNews | 1070天前
DAX Edges Lower Ahead Of Fed Move

(RTTNews) - German stocks edged lower on Wednesday as investors monitored increased geopolitical tensions with Russia and braced for another hefty interest rate hike by the U.S. Federal Reserve.

Russian President Vladimir Putin announced the partial mobilization of his country's military, bringing geopolitical tensions to the forefront.

Analysts broadly expect a 75-bps rate hike by the Federal Reserve later in the day, but some think the U.S. central bank may go beyond this to 100 basis points.

The benchmark DAX slipped 18 points, or 0.1 percent, to 12,653 after losing 1 percent the previous day.

Energy major Uniper SE plummeted 21 percent. Germany confirmed the nationalization of the company by acquiring its shares held by Fortum Oyj, a Finnish energy company, for 1.70 euros per share.

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U.S. Consumer Confidence Index Edges Lower In August

U.S. Consumer Confidence Index Edges Lower In August

A report released by the Conference Board on Tuesday showing a modest deterioration by consumer confidence in the U.S. in the month of August. The Conference Board said its consumer confidence index dipped to 97.4 in August from an upwardly revised 98.7 in July.
RTTNews | 2小时48分钟前
U.S. Durable Goods Orders Slump 2.8% In July, Much Less Than Expected

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Reflecting a continued plunge by orders for transportation equipment, the Commerce Department released a report on Tuesday showing a steep drop by new orders for U.S. manufactured durable goods in the month of July. The Commerce Department said durable goods orders slumped by 2.8 percent in July after plummeting by a revised 9.4 percent in June.
RTTNews | 2小时59分钟前
Bay Street May Open On Weak Note

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Canadian shares look headed for negative start on Tuesday, weighed down by weak oil prices, and concerns about global trade after U.S. President Donald Trump threatened 200% tariffs on China if Beijing does not export rare-earth magnets to the U.S.
RTTNews | 4小时18分钟前
U.S. Durable Goods Orders Tumble Less Than Expected In July

U.S. Durable Goods Orders Tumble Less Than Expected In July

Reflecting a continued plunge by orders for transportation equipment, the Commerce Department released a report on Tuesday showing a steep drop by new orders for U.S. manufactured durable goods in the month of July.
RTTNews | 4小时24分钟前
FTSE 100 Modestly Lower

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After posting gains in the previous five sessions, the U.K. market is exhibiting weakness on Tuesday, weighed down by losses in financials and retail sectors.
RTTNews | 4小时46分钟前
CAC Down Sharply On Widespread Selling

CAC Down Sharply On Widespread Selling

French stocks are down sharply on Tuesday, extending previous session's steep drop, amid ongoing political uncertainty in the country.
RTTNews | 5小时11分钟前
DAX Extending Recent Weakness

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German stocks are down in negative territory on Tuesday, extending losses from the previous session, due to geopolitical concerns and uncertainty about tariffs.
RTTNews | 6小时34分钟前
Sensex, Nifty Tumble On Tariff Worries

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Indian shares tumbled on Tuesday after the Trump administration officially issued a notice regarding the imposition of an additional 25 percent tariffs on Indian imports, with the punitive duties set to kick in at 12:01 am (EST) on August 27.
RTTNews | 6小时38分钟前