DAX Slips On Interest-rate Worries
(RTTNews) - German stocks declined on Wednesday as investors awaited key Eurozone growth data and the FOMC meeting minutes release for directional cues.
Interest-rate worries were back in focus after data showed Britain's inflation rate rose to a new 40-year high of 10.1 percent in July.
The benchmark DAX dipped 48 points, or 0.4 percent, to 13,862 after gaining 0.7 percent the previous day.
Uniper SE, the energy company which secured a 15-billion-euro bailout last month, plunged 7.2 percent after saying it had suffered a net loss of more than 12 billion euros ($12.2 billion) in the first half of the year. The company was hit hard by reduced Russian gas deliveries.
read more
TSX Modestly Higher, Looks Set To End On Firm Note
The Canadian market is modestly higher Wednesday afternoon thanks to technology and materials stocks. Healthcare, communications, consumer discretionary and utilities stocks are among the notable losers.
RTTNews
|
7j 6min yang lalu
Fed Officials Prefer Careful Approach To Rate Decisions Amid Inflation Risks
Many Federal Reserve officials believe a careful approach to interest rate decisions will be necessary over the coming quarters, according to the minutes of the central bank's December monetary policy meeting. The minutes said the careful approach will be needed due to a variety of factors, including increased upside risks to the outlook for inflation.
RTTNews
|
7j 26min yang lalu
Swiss Market Ends Modestly Higher
After a good spell till an hour past noon, Swiss stocks retreated, but emerged higher in the final hour thanks to selective buying to end the day's session on a positive note.
RTTNews
|
8j 7min yang lalu
European Stocks Close Lower On Weak Economic Data
European stocks closed weak on Wednesday, weighed down by data showing a drop in eurozone economic sentiment in the month of December, and decline in German retail sales and factory orders.
RTTNews
|
8j 26min yang lalu
Euro Falls On Tariff Concerns
The euro dropped against its most major counterparts in the New York session on Wednesday on concerns that implementation of new tariffs by the incoming Donald Trump administration could lift inflation.
RTTNews
|
8j 51min yang lalu
U.S. Wholesale Inventories Dip 0.2% In November, In Line With Estimates
Wholesale inventories in the U.S. dipped in line with estimates in the month of November, the Commerce Department revealed in a report released on Wednesday. The Commerce Department said wholesale inventories slipped by 0.2 percent in November, matching the preliminary estimate as well as economists' expectations.
RTTNews
|
11j 43min yang lalu
U.S. Jobless Claims Unexpectedly Slip To Nearly Eleven-Month Low
With the more closely watched monthly jobs report looming, the Labor Department released a report on Wednesday unexpectedly showing another modest decrease by first-time claims for U.S. unemployment benefits in the week ended January 4th. The report said initial jobless claims slipped to 201,000, a decrease of 10,000 from the previous week's unrevised level of 211,000.
RTTNews
|
12j 22min yang lalu
U.S. Private Sector Job Growth Slows More Than Expected In December
Private sector employment in the U.S. increased by less than expected in the month of December, according to a report released by payroll processor ADP on Wednesday. The report said private sector employment rose by 122,000 jobs in December after climbing by 146,000 jobs in November. Economists had expected private sector employment to grow by 140,000 jobs.
RTTNews
|
13j 0min yang lalu
