DAX Extends Losses On Risk-off Mood

RTTNews | 145 days ago
Stocktwits
DAX Extends Losses On Risk-off Mood

(RTTNews) - German stocks fell on Friday to extend losses from the previous session as risk-off mood prevailed amid fears that the U.S. Federal Reserve has left it too late to begin cutting interest rates and risks damaging the world's largest economy.

The benchmark DAX was down 198 points, or 1.1 percent at 17,884 after tumbling 2.3 percent in the previous session.

Tech stocks were coming under selling pressure, with Infineon Technologies tumbling 3.6 percent after U.S. chipmaker Intel said it would cut more than 15 percent of its workforce in a desperate cost-cutting bid.

Heavyweight banks Commerzbank and Deutsche Bank fell 1.4 percent and 1.6 percent respectively.

In the auto sector, BMW, Mercedes Benz and Volkswagen all were down around 1 percent.

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Canadian Dollar Rises Against Majors

Canadian Dollar Rises Against Majors

The Canadian dollar strengthened against other major currencies in the Asian session on Wednesday. The Canadian dollar rose to more than a 4-1/2-month high of 0.8943 against the Australian dollar, from yesterday's closing value of 0.8955.
RTTNews | 5h 22min ago
Japan Leading Index Data Due On Wednesday

Japan Leading Index Data Due On Wednesday

Japan will on Wednesday see October results for its leading and coincident indexes, highlighting a light day for Asia-Pacific economic activity.
RTTNews | 11h 28min ago
TSX Ends Shortened Session On Firm Note

TSX Ends Shortened Session On Firm Note

The Canadian market ended the shortened trading session on Tuesday modestly higher thanks to gains in energy and technology sectors. The volume of business remained rather thin as investors refrained from making significant moves ahead of Christmas and Boxing Day holidays.
RTTNews | 15h 46min ago
Bay Street Likely To Open Slightly Higher

Bay Street Likely To Open Slightly Higher

Canadian shares are likely to open higher on Tuesday, and trading may be a bit lackluster and volumes rather thin as the market will close at 1 pm, and remain closed on Wednesday and Thursday for Christmas and Boxing Day holidays.
RTTNews | 21h 28min ago
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