DAX Slips Into Red On Earnings; Siemens Falls Over 4%

RTTNews | Před 185 dny
DAX Slips Into Red On Earnings; Siemens Falls Over 4%

(RTTNews) - German stocks were slightly lower on Thursday, after having gained notably the previous day on expectations surrounding possible interest-rate cuts by the Federal Reserve this year.

The benchmark DAX was down 34 points, or 0.2 percent, at 18,835 after climbing 0.8 percent the previous day.

Automakers BMW and Daimler Truck were up 0.6 percent 2 percent, respectively.

Siemens shed 4.2 percent after the company posted a drop in its second-quarter earnings at its industrial business.

Freenet lost 2.6 percent after its first quarter Group EBITDA decreased to 124.2 million euros from the previous year's 128.1 million euros.

Deutsche Telekom slipped half a percent. The telecom major reported that its first-quarter net profit plunged 87.1 percent to 1.98 billion euros from last year's 15.36 billion euros.

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Canadian Market Settles Lower; TSX Sheds 0.6%

Canadian Market Settles Lower; TSX Sheds 0.6%

The Canadian market ended notably lower on Friday, weighed down by losses in energy, industrials and materials sectors, and on uncertainty about Federal Reserve's interest rate trajectory.
RTTNews | Před 2 dny
Dollar Turns In Mixed Performance Against Major Counterparts

Dollar Turns In Mixed Performance Against Major Counterparts

The U.S. dollar turned in a sluggish performance on Friday with investors assessing the Federal Reserve's likely moves with regard to interest rate reductions in the wake of most recent economic data, and Fed Chair Jerome Powell's somewhat hawkish comments.
RTTNews | Před 2 dny
Canadian Shares Notably Lower

Canadian Shares Notably Lower

The Canadian market is down in negative territory Friday afternoon with stocks from several sectors reeling under sustained selling pressure amid uncertainty about U.S. interest rate cuts after dovish comments from Fed Chair Jerome Powell.
RTTNews | Před 2 dny
Swiss Market Ends Lower On Growth Concerns

Swiss Market Ends Lower On Growth Concerns

Swiss stocks tumbled on Friday, weighed down data showing a slowdown in growth, and uncertainty about Fed interest rate cuts following hawkish comments by the central bank chair Jerome Powell.
RTTNews | Před 2 dny
U.S. Dollar Strengthens After Strong Retail Sales Data

U.S. Dollar Strengthens After Strong Retail Sales Data

The U.S. dollar climbed against its most major counterparts in the New York session on Friday, following the release of the latest batch of economic data, including a Commerce Department report showing retail sales increased by slightly more than expected in October.
RTTNews | Před 2 dny
U.S. Business Inventories Inch Up Slightly Less Than Expected In September

U.S. Business Inventories Inch Up Slightly Less Than Expected In September

With a jump by retail inventories partly offset by dips by manufacturing and wholesale inventories, the Commerce Department released a report on Friday showing U.S. business inventories crept up by slightly less than expected in the month of September. The Commerce Department said business inventories inched up by 0.1 percent in September after climbing by 0.3 percent in August.
RTTNews | Před 2 dny