DAX Climbs As Infineon Raises Outlook

RTTNews | Před 703 dny
DAX Climbs As Infineon Raises Outlook

(RTTNews) - German stocks rose notably on Wednesday after top U.S. regulators tried to assure Congress that the overall financial system is still sound and the collapse of Silicon Valley Bank was a "textbook case of mismanagement".

The benchmark DAX jumped 104 points, or 0.7 percent, to 15,246 after finishing marginally higher in the previous session.

Infineon Technologies shares soared 7.3 percent. The chipmaker raised its outlook for both its financial second quarter and the whole of 2023.

Automaker Mercedes Benz fell nearly 2 percent on news that Kuwait's sovereign wealth fund is planning to reduce its stake in the luxury carmaker.

Nordex gained about 1 percent after it won contracts to supply and install 14 turbines from the Delta4000 series for three unnamed projects in Greece.

read more
TSX Ends More Than 1% Up

TSX Ends More Than 1% Up

After a weak start and a subsequent recovery, the Canadian market slipped into negative territory around early afternoon on Friday, but gained in strength after that with stocks from industrials, financials, utilities and consumer staples attracting buyers.
RTTNews | Před 20 h 10 min
Dollar Rises Against Major Counterparts

Dollar Rises Against Major Counterparts

The U.S. dollar climbed higher on Friday, extending gains from the previous session following U.S. President Donald Trump's announcement that the 25% tariffs on Canada and Mexico, and an additional 10% on China, will take effect early next week.
RTTNews | Před 20 h 44 min
German Inflation Steady At 2.3% In February

German Inflation Steady At 2.3% In February

Consumer price inflation in Germany was unchanged in February, while the core price growth slowed as the cost of food increased strongly, preliminary data from the statistical office Destatis showed on Friday.
RTTNews | Před 23 h 11 min
Canadian Market Modestly Higher In Cautious Trade

Canadian Market Modestly Higher In Cautious Trade

The Canadian benchmark S&P/TSX Composite Index is modestly higher in late afternoon trades on Friday with stocks turning in a mixed performance. Worries about U.S. tariffs and their potential impact on global economic growth appear to be weighing on sentiment. Investors are also digesting the nation's GDP report and U.S. PCE reading.
RTTNews | Před 23 h 25 min
Pound Retreats Amid Risk Aversion

Pound Retreats Amid Risk Aversion

The pound pulled back against its most major counterparts in the New York session on Friday, as risk sentiment dampened after a meeting between President Donald Trump and Ukrainian President Volodymyr Zelenskyy devolved into a shouting match.
RTTNews | Před 23 h 27 min
Swiss Market Ends On Firm Note

Swiss Market Ends On Firm Note

After a weak start and a subsequent recovery, the Swiss market struggled for direction till mid afternoon on Friday, but gained in strength thanks to some brisk buying at several counters in last ninety minutes of the day's session.
RTTNews | Před 1 dnem
European Stocks Turn In Mixed Performance

European Stocks Turn In Mixed Performance

European stocks turned in a mixed performance on Friday as investors amid uncertainty about the outlook for growth as the Trump Administration's fresh and stringent tariffs of 25% on goods from Canada and Mexico, and an additional 10% levy on Chinese imports are set to commence from next week.
RTTNews | Před 1 dnem