DAX Little Changed On Middle East Conflict Fears

RTTNews | vor 58 Tagen
DAX Little Changed On Middle East Conflict Fears

(RTTNews) - German stocks were little changed on Wednesday amid ongoing tensions in the Middle East after Iran fired ballistic missiles targeting two military bases of Israel and the headquarters of Mossad.

Israel and Iran have issued threats of retaliation against one another, pushing longstanding concerns over escalation towards a regional war to new heights.

The benchmark DAX was marginally higher at 19.229 after declining 0.6 percent in the previous session.

In corporate news, GEA Group shares rallied 3.3 percent. The technology supplier for food processing and a wide range of other industries on its capital markets day said it achieved its mid-term financial goals of Mission 26 growth strategy ahead of 2 years.

Wind turbine manufacturer Nordex Group fell 1.2 percent despite securing an order for 66 MW in Scotland.

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Dollar Drifts Lower Against Major Currencies

Dollar Drifts Lower Against Major Currencies

The U.S. dollar shed ground against its major counterparts on Friday as the yield on long-term Treasury Notes dropped. Also, with investors choosing to pick up riskier assets such as equities, the dollar struggled for support almost right through the day's session.
RTTNews | vor 5Std 56 Minuten
India GDP Growth Slowest In 7 Quarters On Weak Manufacturing

India GDP Growth Slowest In 7 Quarters On Weak Manufacturing

The Indian economy expanded at the slowest pace in seven quarters during the three months to September as the stronger performance of the services sector was offset by the sluggishness in manufacturing and mining industries, preliminary data from the statistics ministry showed on Friday.
RTTNews | vor 6Std 18 Minuten
Swiss Market Ends Higher After Choppy Session

Swiss Market Ends Higher After Choppy Session

The Switzerland market closed on a positive note on Friday after a choppy session, as investors assessed the region's economic data and continued to closely follow the developments on the geopolitical front.
RTTNews | vor 9Std 19 Minuten
European Markets Close On Firm Note

European Markets Close On Firm Note

European stocks closed higher on Friday amid expectations of further rate cuts by central banks despite data showing an acceleration in eurozone inflation. Investors also digested French GDP data and Germany's retails sales and unemployment data.
RTTNews | vor 9Std 37 Minuten
Canadian Market Continues To Climb Higher; TSX Up Modestly At Noon

Canadian Market Continues To Climb Higher; TSX Up Modestly At Noon

The Canadian market has moved on to a new record high on Friday, lifted by gains in technology, industrials and materials sectors, as investors continue to remain optimistic about more interest rate reductions by the central bank.
RTTNews | vor 10Std 25 Minuten
Eurozone Inflation Accelerates To 2.3%

Eurozone Inflation Accelerates To 2.3%

Euro area inflation climbed for a second straight month in November, while the core figure was unchanged, making way for a cautious interest rate cut by the European Central Bank next month.
RTTNews | vor 11Std 43 Minuten
UK Mortgage Approvals At More Than 2 Year High

UK Mortgage Approvals At More Than 2 Year High

UK mortgage approvals increased to the highest level in more than two years in October as falling interest rates boosted housing market activity but consumers became more cautious about borrowing and saving ahead of the Autumn Budget. Mortgage approvals for house purchases, an indicator of future borrowing, increased to 68,303 in October from 66,115 in the prior month, the Bank of England report
RTTNews | vor 14Std 26 Minuten