DAX Drifts Lower As Business Activity Contracts In July

RTTNews | 172 일 전
DAX Drifts Lower As Business Activity Contracts In July

(RTTNews) - German stocks fell on Wednesday as a survey showed business activity in the country stumbled in July after three months of growth.

The HCOB German flash composite Purchasing Managers' Index (PMI), compiled by S&P Global, fell sharply to 48.7 from 50.4 in June.

A separate survey published jointly by GfK and the Nuremberg Institute for Market Decisions revealed that German consumer confidence is set to improve moderately in August on improving income prospects and willingness to buy.

The consumer confidence index improved to -18.4 in August from revised -21.6 in July. The benchmark DAX dipped 181 points, or 1 percent, to 18,376 after climbing 0.8 percent in the previous session.

In corporate news, Rheinmetall AG shares jumped 2.6 percent. The automotive and arms maker reported significantly higher sales and operating result in the second quarter, beating market expectations.

Fund company DWS Group, which belongs to Deutsche Bank, added 1.5 percent after raising its annual targets slightly.

Deutsche Bank slumped nearly 7 percent after the lender reported its first quarterly loss in four years.

Kontron, an IoT technology company, rose about 1 percent after securing a new order from Hanwha Phasor.

read more
TSX Ends Notably Lower As Stocks Drop On Interest Rate Concerns

TSX Ends Notably Lower As Stocks Drop On Interest Rate Concerns

The Canadian market closed notably lower on Friday, hurt by rising bond yields, and fading optimism about interest rate cuts by the Federal Reserve after data showed stronger-than-expected growth in U.S. non-farm payroll employment. Canadian employment data too came in stronger than expected, reducing prospects of any significant monetary easing by the Bank of Canada.
RTTNews | 2 일 전
Dollar Climbs Higher After Buoyant Jobs Data

Dollar Climbs Higher After Buoyant Jobs Data

The U.S. dollar firmed against its major counterparts on Friday amid fading hopes of further reductions in interest rates after data from the Labor Department showed stronger-than-expected growth in non-farm payroll employment in the month of December.
RTTNews | 2 일 전
Swiss Market Ends Notably Lower

Swiss Market Ends Notably Lower

The Switzerland market settled notably lower on Friday, in line with markets across Europe, as upbeat U.S. jobs data raised concerns that the Federal Reserve will likely hold interest rates unchanged from current levels, or go slow on interest rate cuts this year. Data showing an increase in Swiss unemployment weighed as well.
RTTNews | 2 일 전
U.S. Dollar Firms As Strong Jobs Data Dampens Rate Cut Hopes

U.S. Dollar Firms As Strong Jobs Data Dampens Rate Cut Hopes

The U.S. dollar climbed against its most major counterparts in the New York session on Friday, as stronger-than-expected jobs data for December strengthened expectations that the Federal Reserve will hold rates steady for sometime.
RTTNews | 2 일 전
Canadian Stocks Tumble As Upbeat Jobs Data Raises Interest Rate Concerns

Canadian Stocks Tumble As Upbeat Jobs Data Raises Interest Rate Concerns

Canadian stocks are down sharply on Friday with stronger-than-expected U.S. jobs data raising concerns that the Federal Reserve will likely hold interest rates unchanged from current levels for sometime. Also, a buoyant Canadian employment reports has dimmed the prospects for further easing by the Canadian central bank for now.
RTTNews | 2 일 전
U.S. Consumer Sentiment Edges Lower In January As Inflation Expectations Surge

U.S. Consumer Sentiment Edges Lower In January As Inflation Expectations Surge

Consumer sentiment in the U.S. has unexpectedly seen a modest deterioration in the month of January, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index edged down to 73.2 in January from 74.0 in December. Economists had expected the index to inch up to 74.5.
RTTNews | 2 일 전