DAX Recovers From Early Setback, Down Marginally In Cautious Trade

RTTNews | 12 시간 53 분 전

(RTTNews) - After closing the previous session on a firm note following the passage of a massive spending plan, German stocks are mostly subdued on Wednesday as investors await the Federal Reserve's monetary policy announcement later in the day.

The Fed is widely expected to hold rates unchanged. The post-meeting statement and economic projections from Fed Chair Jerome Powell are eyed for clarity on how fresh tariffs by the Trump Administration may impact prices and economic activity.

Investors are also looking ahead to the policy announcement from the Bank of England on Thursday.

The benchmark DAX, which dropped to 23,215.44 in early trades, was down 33.13 points or 0.14% at 23,360.10 a little while ago.

Vonovia is declining by about 1.5%. The private residential real estate company said that its fiscal 2024 net loss narrowed significantly from last year with growth in revenues. In fiscal 2024, net loss attributable to Vonovia's shareholders was 896.0 million euros, compared to prior year's loss of 6.29 billion euros. Loss per share was 1.09 euros, compared to loss of 7.80 euros a year ago.

Looking ahead, for fiscal 2025, the company expects to report adjusted EBITDA of between 2.70 billion euros and 2.80 billion euros, and adjusted EBT between 1.75 billion euros and 1.85 billion euros.

Rheinmetall is down more than 2%. BASF, Brenntag, Sartorius, Bayer, BMW, Daimler Truck Holding and Mercedes-Benz are down 1 to 1.6%.

Fresenius Medical Care, Volkswagen, Porsche, Symrise, Deutsche Bank, Siemens and Continental are lower by 0.5 to 0.9%.

Heidelberg Materials is climbing up nearly 2%. Deutsche Boerse is up 1.1%, while Adidas, Commerzbank, Fresenius, Siemens Energy, Deutsche Post and Munich Re are up 0.3 to 0.7%.

Data from Statistics Canada showed the Euro area's consumer price inflation rate eased to 2.3% in February, slightly below the preliminary estimate of 2.4% and down from a six-month high of 2.5% in January. The CPI rose 0.4% month-over-month in February 2025, slightly below 0.5% in the preliminary estimate, and compared to a 0.3% fall in January.

Core consumer prices in the Euro Area increased 2.6% in February over the same month in the previous year.

Swiss Market Ends Marginally Down

Save for a few minutes around mid morning, and for a brief while in the final hour, the Switzerland market remained in negative territory on Wednesday as investors stayed reluctant to make significant moves ahead of policy announcements from the Federal Bank and Swiss National Bank.

RTTNews | 4 시간 23 분 전

European Stocks Close On Mixed Note

European stocks turned in a mixed performance on Wednesday with investors largely making cautious moves ahead of the Federal Reserve's policy announcement. Geopolitical tensions and worries about outlook for growth due to U.S. tariffs and threats of more levies weighed on sentiment.

RTTNews | 4 시간 39 분 전

Fed Leaves Interest Rates Unchanged, Still Sees Rate Cuts This Year

In an almost universally expected move, the Federal Reserve on Wednesday announced its decision to once again leave interest rates unchanged, but projections signaled the central bank is still likely to lower rates later this year. The Fed said it decided to maintain the target range for the federal funds rate at 4.25 to 4.50 percent.

RTTNews | 4 시간 51 분 전

U.S. Dollar Higher Ahead Of Fed Decision

The U.S. dollar advanced against its major counterparts in the New York session on Wednesday, ahead of the Federal Reserve's monetary policy announcement, due shortly.

RTTNews | 5 시간 12 분 전

Canadian Market Up Firmly In Positive Territory; Technology Stocks Up Sharply

The Canadian market is up firmly in positive territory in early afternoon trades on Wednesday with stocks from technology, energy and consumer staples sectors moving higher on strong buying support.

RTTNews | 6 시간 5 분 전

Vonovia FY24 Net Loss Narrows; Sees Growth Ahead

German real estate major Vonovia SE reported Wednesday a net loss in its fiscal 2024, but significantly narrower than last year, mainly with growth in revenues. The company also announced higher dividend, and its fiscal 2025 outlook, expecting higher adjusted EBITDA, a key earnings metric. The company added that it is very confident as it looks ahead to this year and beyond, with the development..

RTTNews | 9 시간 3 분 전

FDA Launches Operation Stork Speed To Review Infant Formulas

The U.S. Food and Drug Administration, along with the U.S. Department of Health and Human Services or HHS, launched an initiative to expand options for safe, reliable, and nutritious infant formula, the sole source of nutrition for infants as an alternative to human milk. Under the leadership of U.S. Health Secretary Robert F. Kennedy Jr., the initiative, named "Operation Stork Speed,"...

RTTNews | 9 시간 41 분 전

Eurozone Inflation Eases To 2.3%

Eurozone inflation eased more than initially estimated to a three-month low in February, as sluggish economic activity impeded price pressures, official data revealed on Wednesday. The harmonized index of consumer prices rose 2.3 percent on a yearly basis in February, slower than the 2.5 percent increase in January, final data from Eurostat showed. The February rate was revised down from 2.4 perc

RTTNews | 10 시간 21 분 전

EURUSD	1.09049	GBPUSD	1.3002	AUDUSD	0.63575
USDJPY	148.914	USDCAD	1.43155	USDCHF	0.8781

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DAX Recovers From Early Setback, Down Marginally In Cautious Trade