DAX Little Changed Ahead Of US Jobs Report
(RTTNews) - German stocks were little changed on Friday as Middle East tensions persisted, and investors looked ahead to the all-important U.S. jobs report later in the day that could decide the path of U.S. interest rates.
Economists currently expect the report to show employment rose by 140,000 jobs in September after an increase of 142,000 jobs in August. The unemployment rate is expected to hold at 4.2 percent.
The dollar hovered near a six-week high while oil prices steadied, after having surged 5 percent the previous day as U.S. President Joe Biden said the U.S. was discussing possible strikes by Israel on Iran's oil industry.
The benchmark DAX was marginally higher at 19,023 after declining 0.8 percent in the previous session.
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U.S. Annual Core Consumer Price Growth Unexpectedly Slows In December
While the Labor Department released a closely watched report on Wednesday showing U.S. consumer prices increased by slightly more than expected in the month of December, the report also showed an unexpected slowdown by the annual rate of core consumer price growth.
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5h 5min atrás
Indonesia Unexpectedly Cuts Key Interest Rate To Boost Economic Growth
Indonesia's central bank unexpectedly lowered interest rates for the first time in five policy sessions, in a bid to boost the economic growth, citing the prospect of lower inflation this year and next.
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5h 35min atrás
New York Manufacturing Index Unexpectedly Turns Negative In January
New York manufacturing activity unexpectedly declined in the month of January, according to a report released by the Federal Reserve Bank of New York on Wednesday.
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6h 2min atrás
U.S. Consumer Prices Climb Slightly More Than Expected In December
Largely reflecting a surge by energy prices, the Labor Department released a report on Wednesday showing consumer prices in the U.S. increased by slightly more than expected in the month of December.
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6h 8min atrás
Slowing Inflation Strengthens Calls For Bank Of England Rate Cuts
The unexpected softening of UK consumer price inflation at the end of 2024 added expectations for more interest rate reductions by the Bank of England this year. The consumer price index registered an annual increase of 2.5 percent in December, weaker than the 2.6 percent gain in November, the Office for National Statistics said on Wednesday. The rate was expected to remain unchanged at 2.6 perc
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6h 26min atrás
Bay Street Looks Headed For Positive Start
Canadian shares are likely to open higher on Wednesday, tracking positive cues from European markets and firm commodity prices. U.S. consumer price inflation data, due before the opening bell, is likely to make a significant impact on investor mood.
RTTNews
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6h 30min atrás
German Economy Stuck In Recession
The German economy shrank for the second straight year in 2024 as the euro area struggles with global headwinds and the political and structural problems on the domestic front. Gross domestic product contracted 0.2 percent in 2024 after a 0.3 percent decline in 2023, Destatis reported Wednesday.
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8h 6min atrás
U.S. Dollar Slides Against Majors
The U.S. dollar weakened against other major currencies in the European session on Wednesday.
RTTNews
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8h 10min atrás
