DAX Gains After Powell's Comments

RTTNews | 121 dias atrás
DAX Gains After Powell's Comments

(RTTNews) - German stocks advanced on Wednesday as traders reacted to dovish comments from Federal Reserve Chair Jerome Powell and looked ahead to key elections in France and the U.K.

On Tuesday, Powell acknowledged progress in disinflation but added that officials need more confidence before cutting interest rates.

Investors shrugged off the results of a survey that showed the upturn in German services activity slowed in June.

The benchmark DAX rose 98 points, or 0.6 percent, to 18,263 after declining 0.7 percent on Tuesday.

In corporate news, wind turbine manufacturer Nordex edged down slightly despite an announcement that it received orders for 17 projects totaling 245 MW from its core markets in France and Turkey at the end of June 2024.

Volkswagen gained more than 1 percent after U.S. electric vehicle maker Rivian said it had no plans to produce vehicles with the German automaker.

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U.S. Manufacturing Index Unexpectedly Dips To Lowest Level In Over A Year

U.S. Manufacturing Index Unexpectedly Dips To Lowest Level In Over A Year

A report released by the Institute for Supply Management on Friday showed U.S. manufacturing activity unexpectedly contracted at a modestly faster rate in the month of October. The ISM said its manufacturing PMI fell to 46.5 in October from 47.2 in September, with a reading below 50 indicating contraction. Economists had expected the index to inch up to 47.6.
RTTNews | 4h 8min atrás
CPSC Recalls: Polaris ROVs, Floating Wall Theaters, Charge Case Accessory, Backpack Sprayers

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The U.S. Consumer Product safety Commission or CPSC has announced recalls including Polaris Industries Inc.'s Ranger XP Kinetic Recreational Off-Road Vehicles or ROVs, Manhattan Comfort Inc.'s Floating Wall Theater Entertainment Centers and Panels, Humane Inc.'s Charge Case Accessory for Ai Pin, Harbor Freight Tools' Bauer 4-Gallon Battery-Powered Backpack Sprayers, ...
RTTNews | 4h 15min atrás
U.S. Employment Inches Up By 12,000 Jobs In October, Far Less Than Expected

U.S. Employment Inches Up By 12,000 Jobs In October, Far Less Than Expected

With increases in healthcare and government jobs partly offset by decreases in temporary and manufacturing jobs, the Labor Department released a report on Friday showing employment in the U.S. edged only slightly higher in the month of October. The Labor Department said non-farm payroll employment crept up by 12,000 jobs in October compared to economist estimates for the addition of 113,000 jobs.
RTTNews | 5h 4min atrás
U.S. Employment Inches Up Far Less Than Expected In October

U.S. Employment Inches Up Far Less Than Expected In October

With increases in healthcare and government jobs partly offset by decreases in temporary and manufacturing jobs, the Labor Department released a report on Friday showing employment in the U.S. edged only slightly higher in the month of October.
RTTNews | 5h 53min atrás
Bay Street Likely To Open On Firm Note

Bay Street Likely To Open On Firm Note

Higher crude oil and bullion prices, and strong European stocks points to a firm start for the Canadian market Friday morning. The focus will be on U.S. non-farm payroll data, which is likely to provide some clues about the Federal Reserve's interest rate move next week.
RTTNews | 6h 8min atrás
UK Manufacturing Contracts For First Time Since April

UK Manufacturing Contracts For First Time Since April

The UK factory activity contracted for the first time since April as manufacturers adopted a wait-and-see approach on investment and spending ahead of the budget announcement, final data from S&P Global showed on Friday. The manufacturing Purchasing Managers' Index posted 49.9 in October, down from 51.5 in September.
RTTNews | 6h 56min atrás
European Shares Gain Before US Jobs Data

European Shares Gain Before US Jobs Data

European stocks traded higher on Friday ahead of the release of U.S. non-farm payroll report later in the day and next week's U.S. presidential election.
RTTNews | 9h 0min atrás
FTSE 100 Rises As House Price Growth Slows

FTSE 100 Rises As House Price Growth Slows

U.K. stocks rose on Friday and the pound was steady as data showed house price inflation in the U.K. eased for the first time in six months in October.
RTTNews | 9h 14min atrás