DAX Rebounds After Tuesday's Selloff
(RTTNews) - German stocks were moving higher on Wednesday after suffering heavy losses in the previous session on concerns over heightened geopolitical tensions in the Middle East and uncertainty over the Federal Reserve's rate trajectory.
The benchmark DAX was up 84 points, or half a percent, at 17,850 after losing 1.4 percent the previous day.
Adidas jumped 6.4 percent. The sportswear giant upped its full-year guidance after posting better-than-expected preliminary results for the first quarter.
HELLA GmbH & Co. KgaA, an automotive parts supplier, edged up slightly after sales for the first quarter came in unchanged from last year.
Continental lost 4.3 percent after reporting preliminary Q1 results below market expectations.
read more
Antipodean Currencies Slide Amid Risk Aversion
The antipodean currencies such as the Australia and the New Zealand dollars weakened against their major counterparts in the Asian session on Tuesday, as Asian stock markets traded lower amid lingering uncertainty about the outlook for interest rates, with some U.S. Fed officials warning the central bank may still need to raise rates if inflation persists. Traders also seemed reluctant to make more significant bets ahead of the release of the minutes of the latest Fed meeting.
RTTNews
|
4小时11分钟前
NZ Dollar Slides Against Most Majors
The New Zealand dollar weakened against most major currencies in the Asian session on Tuesday.
RTTNews
|
4小时33分钟前
Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the Asian session on Tuesday.
RTTNews
|
4小时39分钟前
Samsung Names Young Hyun Jun CEO Of Semiconductor Business
South Korean tech giant Samsung Electronics Co Ltd announced Tuesday the appointment of Young Hyun Jun as the new Head of Device Solutions unit. The move is expected to strengthen its semiconductor business and its competitiveness amid surge in chip demand, despite uncertain global business environment.
RTTNews
|
5小时28分钟前
European Economic News Preview: Eurozone Foreign Trade Data Due
Foreign trade and current account reports from the euro area are the top economic news due on Tuesday. At 2.00 am ET, Destatis is scheduled to issue Germany's producer prices data for April. Economists forecast producer prices to fall 3.2 percent on a yearly basis, following a 2.9 percent decrease in March.
RTTNews
|
6小时16分钟前
European Shares Seen Lower At Open On Hawkish Fed Comments
European stocks may open a tad lower on Tuesday as interest-rate concerns persist and the sudden death of Iranian President Ebrahim Raisi in a helicopter crash fueled uncertainty about oil supplies.
RTTNews
|
6小时37分钟前
Sensex, Nifty Marginally Lower In Early Trade
Indian shares traded slightly lower on Tuesday amid elevated geopolitical tensions and lingering uncertainty over the timing and pace of Fed rate cuts.
RTTNews
|
7小时57分钟前
Asian Markets Trade Mostly Lower
Asian stock markets are mostly lower on Tuesday, following the mixed cues from Wall Street overnight, amid lingering uncertainty about the outlook for interest rates, with some US Fed officials warning the central bank may still need to raise rates if inflation persists. Traders also seemed reluctant to make more significant bets ahead of the release of the minutes of the latest Fed meeting.
RTTNews
|
8小时46分钟前
