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DAX Little Changed As Retail Sales Decline

RTTNews | 42天前

DAX Little Changed As Retail Sales Decline

(RTTNews) - German stocks were little changed on Thursday after retail sales posted an unexpected decline in February,

Data from Destatis revealed that Germany's retail sales decreased 1.9 percent from January, confounding expectations for an increase of 0.3 percent.

On a yearly basis, retail sales decreased 2.7 percent in real terms, worse than economists' forecast of 0.8 percent drop.

The benchmark DAX was down 3 points at 18,473 after rising half a percent in the previous session.

Stratec shares fell about 1 percent. The maker of analyzer and automation systems for In-Vitro-Diagnostic registered a decline in net profit for the full year, due to a fall in sales and increased expenses.

Wind turbine maker Nordex Group declined 1.4 percent despite securing a 264 MW order from Lithuania.

Kontron, a IoT technology company, tumbled 3.5 percent after announcing its full-year results for the fiscal year 2023.

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U.S. Dollar Declines Amid Higher Jobless Claims

U.S. Dollar Declines Amid Higher Jobless Claims

The U.S. dollar fell against its major counterparts in the New York session on Thursday, as weekly jobless claims rose more than expected last week, the highest level since August 2023.

RTTNews | 4小时6分钟前

U.S. Weekly Jobless Claims Climb To Highest Level Since August

U.S. Weekly Jobless Claims Climb To Highest Level Since August

First-time claims for U.S. unemployment benefits rose by much more than expected in the week ended May 4th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims climbed to 231,000, an increase of 22,000 from the previous week's revised level of 209,000. Economists had expected jobless claims to inch up to 210,000.

RTTNews | 5小时46分钟前

Bank Of England Moves Closer To Rate Cut

Bank Of England Moves Closer To Rate Cut

The Bank of England left its key policy rate unchanged for the sixth consecutive meeting and signaled that the first rate cut since 2020 is on the horizon. The Monetary Policy Committee decided to hold the Bank Rate at 5.25 percent again in a split vote. The current bank rate is the highest since early 2008.

RTTNews | 6小时3分钟前

Allegro MicroSystems Q4 Results Top Estimates; Stock Down 11% On Weak Outlook

Allegro MicroSystems Q4 Results Top Estimates; Stock Down 11% On Weak Outlook

Allegro MicroSystems, Inc. (ALGM) on Thursday reported a net loss attributable to the company of $7.12 million or $0.04 per share, compared to net income of $61.98 million or $0.32 per share in the prior-year quarter.

RTTNews | 6小时33分钟前

Pound Falls As BoE Keeps Rates Unchanged

Pound Falls As BoE Keeps Rates Unchanged

The British pound weakened against other major currencies in the late European session on Thursday, after the Bank of England maintained its key policy rate for the sixth consecutive meeting.

RTTNews | 6小时40分钟前

Endeavor Group Slips To Loss In Q1

Endeavor Group Slips To Loss In Q1

Endeavor Group Holdings, Inc. (EDR) on Thursday reported a net loss attributable to the company of $137.34 million or $0.46 per share, compared to net income of $8.03 million or $0.03 per share in the prior-year quarter.

RTTNews | 6小时49分钟前

U.S. Weekly Jobless Claims Climb To 231,000

U.S. Weekly Jobless Claims Climb To 231,000

First-time claims for U.S. unemployment benefits rose by much more than expected in the week ended May 4th, according to a report released by the Labor Department on Thursday.

RTTNews | 6小时52分钟前

Western Union Resumes Money Transfer Service To Cuba

Western Union Resumes Money Transfer Service To Cuba

Western Union co. (WU), in coordination with its processing partner Orbit S.A., announced Thursday the resumption of its service from the United States to Cuba, effective immediately.

RTTNews | 7小时7分钟前

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