DAX Slips On Hawkish Fed
(RTTNews) - German stocks slipped into the red on Thursday after Fed forecasts showed the U.S. central bank sees its benchmark interest rate reaching 4.4 percent by end-2022 and rising even further in 2023.
The Bank of England meets later in the day, with economists expecting a 75-bps rate hike.
Earlier today, the SNB hiked borrowing costs by 75 basis points to 0.5 percent, up from the previous level of -0.25 percent set in June.
The benchmark DAX was down 40 points, or 0.3 percent, at 12,726 after rising 0.8 percent the previous day.
Tech stocks fell, with Infineon Technologies losing 1.5 percent.
Travel-related stocks were also on the decline, with TUI giving up nearly 1 percent.
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New York Manufacturing Index Unexpectedly Indicates Contraction 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. The New York Fed said its general business conditions index tumbled to a negative 12.6 in January from a positive 2.1 in December, with a negative reading indicating contraction.
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vor 5Std 32 Minuten
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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vor 5Std 47 Minuten
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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vor 6Std 17 Minuten
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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vor 6Std 43 Minuten
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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vor 6Std 50 Minuten
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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vor 7Std 7 Minuten
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.
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vor 7Std 12 Minuten
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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vor 8Std 47 Minuten
