DAX Edges Higher In Lackluster Trade

RTTNews | 842 hari yang lalu
DAX Edges Higher In Lackluster Trade

(RTTNews) - German stocks edged higher on Monday after suffering heavy losses last week on fears of a regional recession.

Italian political developments remained in focus after a coalition led by Giorgia Meloni's archconservative Brothers won a decisive victory in the country's snap election.

In economic releases, the Ifo institute said its business climate index fell to 84.3 from 88.5 in August, with both the current assessment component and expectations dropping significantly.

Expectations are now at their lowest level since the financial crisis as a result of high inflation and concerns over its implications on corporate costs and consumer demand.

The benchmark DAX was up 21 points, or 0.2 percent, at 12,304 after falling around 2 percent on Friday.

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TSX Up Nearly 1% As Interest Rate Concerns Drop

TSX Up Nearly 1% As Interest Rate Concerns Drop

The Canadian market is up firmly in positive territory Wednesday afternoon as U.S. consumer price inflation data has raised hopes the Federal Reserve will lower interest rates in its next meeting, or in March 2025. Technology, real estate, financials and healthcare stocks notably higher. A few stocks from consumer staples, industrials and materials sectors are also up, while shares from the rest
RTTNews | 7j 48min yang lalu
Swiss Market Ends On Firm Note

Swiss Market Ends On Firm Note

After a weak start and a subsequent recovery, the Switzerland market suffered a mild setback around early afternoon on Wednesday, but recovered swiftly and climbed higher to end the day's session on a firm note. Encouraging U.S. and UK consumer price inflation data aided sentiment.
RTTNews | 9j 18min yang lalu
European Stocks Close On Firm Note On Encouraging Economic Data

European Stocks Close On Firm Note On Encouraging Economic Data

European stocks closed higher on Wednesday as investors reacted to some encouraging economic data, including consumer price inflation data from the U.K. and the U.S. The less than expected increase in U.S. consumer price inflation has raised hopes of rates cuts by the Federal Reserve.
RTTNews | 9j 35min yang lalu
U.S. Dollar Falls As Core Inflation Slows

U.S. Dollar Falls As Core Inflation Slows

The U.S. dollar moved down against its major counterparts in the New York session on Wednesday, as core consumer inflation came in cooler than expected in December, supporting hopes of rate cuts by the Federal Reserve.
RTTNews | 10j 11min yang lalu
New York Manufacturing Index Unexpectedly Indicates Contraction In January

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.
RTTNews | 12j 58min yang lalu
U.S. Annual Core Consumer Price Growth Unexpectedly Slows In December

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.
RTTNews | 13j 13min yang lalu