DAX Edges Up After Powell's Comments On Rate Cuts

RTTNews | 113 days ago
Stocktwits
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.

Stocktwits
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European Shares Decline Ahead Of Inflation Data

European Shares Decline Ahead Of Inflation Data

European stocks were slightly lower on Thursday as investors assessed the latest batch of earnings and awaited the closely watched preliminary euro zone inflation reading for clues to the ECB's rate trajectory.
RTTNews | 4h 27min ago
Asian Shares Decline Following BoJ Decision

Asian Shares Decline Following BoJ Decision

Asian stocks ended broadly lower on Thursday as investors reacted to mixed earnings from U.S. technology companies and signals from the Bank of Japan that further rate rises were still on the horizon.
RTTNews | 4h 58min ago
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 | 5h 40min ago
Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Thursday.
RTTNews | 6h 11min ago
European Economic News Preview: Eurozone Inflation, Unemployment Data Due

European Economic News Preview: Eurozone Inflation, Unemployment Data Due

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 | 6h 37min ago
China Manufacturing Activity Expands For First Time In 6 Months

China Manufacturing Activity Expands For First Time In 6 Months

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 | 6h 50min ago
Bank Of Japan Keeps Key Rate Unchanged

Bank Of Japan Keeps Key Rate Unchanged

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 US presidential election added concerns about economic outlook. In a unanimous vote, the Policy Board decided to maintain the uncollateralized overnight call rate to remain at around 0.25 percent. This was the highest since late 2008.
RTTNews | 7h 28min ago
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