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DAX Rises Led By Banks
(RTTNews) - German stocks opened higher on Monday amid expectations that the U.S. Federal Reserve may be able to hold interest rates steady in September.
The benchmark DAX was up 101 points, or 0.7 percent, at 15,732 after finishing marginally higher on Friday.
Banks rallied, with Commerzbank rising 1.4 percent and Deutsche Bank adding more than 2 percent, after ECB president Christine Lagarde on Friday called for higher-for-longer interest rates to achieve the central bank's key objective of bringing inflation back to its 2 percent target.
China-exposed automakers were rising, with BMW, Mercedes Benz and Volkswagen all gaining around half a percent, after China announced new measures to its struggling stock market.
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Pound Rises Against Majors
The British pound strengthened against other major currencies in the European session on Wednesday.
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23分钟前
U.S. Dollar Rises Amid Reduced Bet On Fed Rate Cut, FOMC Minutes
The U.S. dollar strengthened against most major currencies in the Asian session on Wednesday, due to reduced bets on the U.S. Fed's more aggressive policy easing.
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39分钟前
Yen Rises Amid BoJ Rate Hike Speculation
The Japanese yen strengthened against other major currencies in the Asian session on Wednesday, as traders expect that the Bank of Japan (BoJ) may raise interest rates by the end of the year in accordance with its policy normalization path.
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1小时2分钟前
European Shares Edge Lower Following US Tech Selloff
European stocks were subdued on Wednesday after closing at five-month high in the previous session on news of a potential Ukraine-Russia summit.
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1小时15分钟前
UK Inflation Hits 18-Month High
UK consumer price inflation accelerated to an 18-month high in July on airfares and food prices, suggesting that the Bank of England is likely to delay further easing. The consumer price index posted an annual growth of 3.8 percent after rising 3.6 percent in June, the Office for National Statistics reported Wednesday.
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1小时31分钟前
Asian Shares Mixed As Tech Stocks Track Declines In US Peers
Asian stocks ended mixed on Wednesday as investors locked in profits in tech stocks amid concerns over valuations and reports of potential U.S. government equity stakes in major chipmakers.
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1小时42分钟前
Australian Dollar Falls Amid RBA Rate Cut Speculation
The Australian dollar weakened against other major currencies in the Asian session on Wednesday, as traders expect two or more rate cuts if inflation continues to decline as anticipated.
Earlier this month, the Reserve Bank of Australia (RBA) lowered its cash rate to 3.60 percent from 3.85 percent, as widely expected.
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2小时20分钟前
New Zealand Hints At More Interest Rate Cuts
The Reserve Bank of New Zealand reduced its key interest rate by 25 basis points to a three-year low and hinted at further easing on Wednesday. The Monetary Policy Committee, governed by Christian Hawkesby, voted to lower the Official Cash Rate to 3 percent from 3.25 percent. The bank has reduced the rate by 250 basis points since August 2024.
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2小时35分钟前
