DAX Gains After Powell's Comments

RTTNews | 121 days ago
Stocktwits
DAX Gains After Powell's Comments

(RTTNews) - German stocks advanced on Wednesday as traders reacted to dovish comments from Federal Reserve Chair Jerome Powell and looked ahead to key elections in France and the U.K.

On Tuesday, Powell acknowledged progress in disinflation but added that officials need more confidence before cutting interest rates.

Investors shrugged off the results of a survey that showed the upturn in German services activity slowed in June.

The benchmark DAX rose 98 points, or 0.6 percent, to 18,263 after declining 0.7 percent on Tuesday.

In corporate news, wind turbine manufacturer Nordex edged down slightly despite an announcement that it received orders for 17 projects totaling 245 MW from its core markets in France and Turkey at the end of June 2024.

Volkswagen gained more than 1 percent after U.S. electric vehicle maker Rivian said it had no plans to produce vehicles with the German automaker.

Stocktwits
read more
UK Manufacturing Contracts For First Time Since April

UK Manufacturing Contracts For First Time Since April

The UK factory activity contracted for the first time since April as manufacturers adopted a wait-and-see approach on investment and spending ahead of the budget announcement, final data from S&P Global showed on Friday. The manufacturing Purchasing Managers' Index posted 49.9 in October, down from 51.5 in September.
RTTNews | 4h 45min ago
European Shares Gain Before US Jobs Data

European Shares Gain Before US Jobs Data

European stocks traded higher on Friday ahead of the release of U.S. non-farm payroll report later in the day and next week's U.S. presidential election.
RTTNews | 6h 49min ago
FTSE 100 Rises As House Price Growth Slows

FTSE 100 Rises As House Price Growth Slows

U.K. stocks rose on Friday and the pound was steady as data showed house price inflation in the U.K. eased for the first time in six months in October.
RTTNews | 7h 3min ago
Asian Shares Retreat Despite Positive China Data

Asian Shares Retreat Despite Positive China Data

Asian stocks ended mostly lower on Friday, even as Hong Kong markets edged up after the release of positive readings on Chinese manufacturing activity and home sales.
RTTNews | 7h 45min ago
NZ Dollar Rises As China Manufacturing Activity Returns To Growth

NZ Dollar Rises As China Manufacturing Activity Returns To Growth

The New Zealand dollar strengthened against other major currencies in the Asian session on Friday, after China's manufacturing activity returned to growth in October as companies ramped up production and purchasing to meet higher demand amid improving confidence.
RTTNews | 10h 34min ago
Tools
Economic Calendar
Market Hours
Interest Rates
Holidays Calendar
Forex Market
Forex Volatility
Forex Correlation
Forex News
forex analysis
COT Data
Liquidity
Forex Calculators
Forex Heat Map
Indicators Heatmap
Community
Community
Systems
Most Popular Systems
Strategies
Contests
Forex Charts
Forex Sentiment
Sentiment Indicator
Reviews
Brokers
Prop Trading Firms
VPS Services
Signal Providers
EA Programming Services
Affiliate Programs
PAMM Broker Services
Rebate Program Services
Trading Platforms
Expert Advisors
Crypto Exchanges
Trading Courses
Brokers
Forex Spreads
Forex Broker Quotes
Forex Broker Swaps
Forex Broker Volume
Forex Broker Promotions Broker News
Platform
Widgets
Features
API
RSS
Stock Portfolio
Affiliate Software
Advanced Charts
Support
FAQ
Help
Contact Us
Report a Bug!
About
Blog
© 2024 Myfxbook Ltd. All Rights Reserved.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.