DAX Edges Up After Powell's Comments On Rate Cuts

RTTNews | 113 hari yang lalu
DAX Edges Up After Powell's Comments On Rate Cuts

(RTTNews) - German stocks edged up slightly on Wednesday after Federal Reserve Chair Jerome Powell suggested the case for interest-rate cuts is becoming stronger due to slowing inflation.

The closely watched monthly U.S. inflation report is due on Thursday, with analysts expecting core consumer prices to hold steady in June.

The benchmark DAX was up 64 points, or 0.4 percent, at 18,300 after declining 1.3 percent in the previous session.

In corporate news, automaker Volkswagen declined 1.6 percent after a warning that it may close the Brussels site of its luxury brand Audi due to a sharp drop in demand for high-end electric cars.

Evotec jumped 4 percent as it announced a collaboration with Pfizer Inc. (PFE) to advance drug discovery efforts in France.

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Sensex, Nifty Extend Losses For Second Day

Sensex, Nifty Extend Losses For Second Day

Indian shares fell notably on Thursday to extend losses from the previous session as investors awaited U.S. non-farm payrolls figures, inflation data and next week's presidential election for insight into the Federal Reserve policy.
RTTNews | 4j 45min yang lalu
French Inflation Rises Less Than Forecast

French Inflation Rises Less Than Forecast

France's consumer price inflation rose at a slower-than-expected pace in October, provisional estimate from the statistical office INSEE showed on Thursday. Consumer price inflation rose slightly to 1.2 percent in October from 1.1 percent in September. The rate was forecast to climb to 1.9 percent.
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European Shares Decline Ahead Of Inflation Data

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Asian Shares Decline Following BoJ Decision

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RTTNews | 6j 44min yang lalu
Yen Rises After BoJ Keeps Key Rate Unchanged

Yen Rises After BoJ Keeps Key Rate Unchanged

The Japanese yen strengthened against other major currencies in the Asian session on Thursday, after the Bank of Japan left its key interest rate unchanged as widely expected on Thursday and retained a cautious approach as political instability and looming U.S. presidential election added concerns about economic outlook.
RTTNews | 7j 25min yang lalu
Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Thursday.
RTTNews | 7j 56min yang lalu
European Economic News Preview: Eurozone Inflation, Unemployment Data Due

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Inflation and unemployment from the euro area and retail sales from Germany are the top economic news due on Thursday. At 3.00 am ET, Destatis is scheduled to issue Germany's retail sales and import prices for September. Economists forecast retail sales to fall 0.7 percent on month in September.
RTTNews | 8j 22min yang lalu
China Manufacturing Activity Expands For First Time In 6 Months

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China's manufacturing activity expanded for the first time in six months in October, underpinned by strong domestic demand, official survey data revealed Thursday. The official manufacturing Purchasing Managers' Index rose to 50.1 in October from 49.8 in September, survey data from the National Bureau of Statistics showed. The score was seen unchanged at 49.8.
RTTNews | 8j 35min yang lalu