DAX Edges Higher In Cautious Trade Ahead Of Fed Decision

RTTNews | il y a 10h 52min
DAX Edges Higher In Cautious Trade Ahead Of Fed Decision

(RTTNews) - German stocks eked out modest gains on Wednesday ahead of the highly anticipated Federal Reserve's interest-rate decision due later in the day.

A 25-bps rate cut is likely and the release of Summary of Economic Projections and a press conference by Fed Chair Jerome Powell could signal changes in the size and pace of projected future rate cuts.

Analysts foresee a hawkish shift in the dot plot, consistent with the movement in market expectations since the last update in September.

The benchmark DAX was up 31 points, or 0.2 percent, at 20,276 after declining 0.3 percent in the previous session.

MTU Aero Engines edged up slightly after the engine manufacturer named Johannes Bussmann to replace CEO Lars Wagner.

Kontron AG shares soared 8.5 percent. The provider of technology products and services said that it has received an order of around 165 million euros from a European defense company.

read more
General Mills Cuts FY25 View Despite Q2 Above Market; Stock Drops

General Mills Cuts FY25 View Despite Q2 Above Market; Stock Drops

Shares of General Mills, Inc. were losing around 6 percent in the pre-market activity on the NYSE after the branded food company on Wednesday trimmed its fiscal 2025 earnings view, and said it sees net sales at the lower end of estimate range, citing increased promotional investment. This was despite reporting higher second-quarter profit and revenues, above market estimates.
RTTNews | il y a 6h 19min
Bay Street May Open On Positive Note

Bay Street May Open On Positive Note

Canadian shares are likely to open higher on Wednesday, tracking firm crude oil and marginally higher gold prices. The focus is on the Federal Reserve's interest rate decision due later in the day.
RTTNews | il y a 6h 46min
UK Inflation Highest In 8 Months

UK Inflation Highest In 8 Months

UK consumer price inflation accelerated to an eight-month high in November, reinforcing the chances of the Bank of England deciding to keep the interest rate unchanged on Thursday. The consumer price index rose 2.6 percent year-on-year following a 2.3 percent gain in October, the Office for National Statistics reported Wednesday.
RTTNews | il y a 8h 2min
Pound Falls Against Majors

Pound Falls Against Majors

The British pound weakened against other major currencies in the European session on Wednesday.
RTTNews | il y a 8h 29min
Eurozone Inflation Rises Less Than Estimate

Eurozone Inflation Rises Less Than Estimate

Eurozone inflation grew at a slightly slower than initially estimated pace in November, revised data published by Eurostat showed on Wednesday. The harmonized index of consumer prices rose 2.2 percent year-on-year in November, following a 2.0 percent increase in October. The rate was revised down from 2.3 percent.
RTTNews | il y a 8h 33min