DAX Moves In Tight Range; Earnings, Fed Policy Announcement In Focus

RTTNews | 2天前

(RTTNews) - German stocks are turning in a mixed performance on Wednesday with investors mostly reacting to corporate earnings announcements and awaiting the Federal Reserve's interest rate decision due later in the day. The European Central Bank is scheduled to announce its monetary policy on Thursday.

Investors are also looking ahead to the meeting of U.S. President Donald Trump and Chinese President Xi Jinping, scheduled to take place tomorrow.

The benchmark DAX was down 3.19 points or 0.01% at 24,280.39 a little while ago.

Mercedes-Benz Group shares are up 5.3%. Mercedes-Benz Group's net profit dropped to 1.19 billion euros in the third quarter, down 30.8 from last year's 1.72 billion euros. Looking ahead, for fiscal 2025, the company continues to expect Group EBIT significantly below last year's 13.6 billion euros, and revenues significantly below last year's 145.6 billion euros.

BASF is gaining nearly 4% after the company announced a €1.5 billion share buyback and reported stronger-than-expected third-quarter earnings, helped by government grants and gains in its Surface Technologies division.

BMW is up 2.3%, Volkswagen, Porsche Automobil Holding, Commerzbank and Siemens Energy are gaining 1 to 1.35%.

Deutsche Bank is up marginally. The lender reported a net profit of 1.56 billion euros for the third quarter of its current fiscal year, up 7% compared to 1.46 billion euros in the year-ago quarter. Looking ahead, for fiscal 2025, the bank continues to expect revenues of around 32 billion euros.

Adidas is down by a little over 1%. The company has reported a marginal increase in third-quarter net income at 485 million euros, compared to 476 million euros, a year ago. Earlier this month, the company upgraded full-year financial guidance, saying it expects around 9% increase in revenue.

SAP is down 1.7%. MTU Aero Engines is declining by 1.6% and GEA Group is down by about 1%. Symrise, Rheinmetall, Allianz, Beiersdorf, Vonovia and Munich RE are down 0.5 to 0.7%.

FTSE 100 Modestly Lower; Bank Stocks Among Notable Losers

The UK stock market's benchmark index FTSE 100 is down in negative territory on Friday, weighed down by losses in the banking sector. After nine successive days of gains, the index looks likely to settle on a weak note today.

RTTNews | 13分钟前

CAC 40 Modestly Lower In Cautious Trade After Inflation Data

The French market is modestly lower on Friday with investors reacting to regional inflation data, and recent earnings updates and central bank policy decisions, in addition to weighing the developments on trade and geopolitical fronts.

RTTNews | 1小时5分钟前

UK Nationwide House Price Growth Softens

UK house prices increased at a slower pace in October as buyers were cautious ahead of the budget, data from the Nationwide Building Society showed Friday. House price posted a monthly growth of 0.3 percent in October, slower than the 0.5 percent rise seen a month ago. Nonetheless, the figure was better than the forecast of nil growth.

RTTNews | 1小时10分钟前

DAX Drops To 2-month Low

German stocks are down in negative territory on Friday and the benchmark DAX is near two-month lows, as investors, assessing the recent interest rate decisions of the major central banks, and the developments on the trade front, remain cautious and mostly making cautious moves.

RTTNews | 1小时53分钟前

Sensex, Nifty End Lower On Mixed Global Cues

Indian shares ended lower on Friday as renewed foreign investor selling overshadowed upbeat corporate earnings and easing global trade tensions.

RTTNews | 2小时3分钟前

European Shares Subdued Before Key Inflation Reading

European stocks drifted lower on Friday, and the euro consolidated losses ahead of key Eurozone inflation data due later in the day. Earlier in the day, data showed that French consumer price inflation slowed further below the European Central Bank's target in October despite an unexpectedly strong upswing in the economy.

RTTNews | 3小时21分钟前

Asian Shares Mixed; Nikkei Sets New Record As Tech Stocks Surge

Asian stocks ended mixed on Friday, with Japan's Nikkei hitting a record high on the back of a weaker yen and strong gains in the tech sector while Chinese and Hong Kong markets retreated after a survey showed China's factory activity shrank for a seventh month in October.

RTTNews | 3小时40分钟前

Japan Industrial Output Rebounds; Tokyo Inflation Accelerates

Japan's industrial production rebounded at a stronger-than-expected pace at the end of the third quarter and inflation in Tokyo accelerated further in October, official data revealed Friday. Industrial output advanced 2.2 percent month-on-month, in contrast to the 1.5 percent drop in August, the Ministry of Economy, Trade and Industry said. Output was forecast to grow moderately by 1.5 percent.

RTTNews | 5小时34分钟前

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