DAX Little Changed On Hawkish Fed Comments

RTTNews | 869 days ago
DAX Little Changed On Hawkish Fed Comments

(RTTNews) - German stocks were subdued in cautious trade on Wednesday, as investors fretted over a worsening energy crisis and hawkish comments from Fed officials on the pace of future rate rises.

Federal Reserve Bank of Minneapolis President Neel Kashkari said on Tuesday inflation is much more embedded at a much higher level and the central bank has to be more aggressive to bring it under control.

It is believed that Fed Chair Jerome Powell's Friday morning speech at Jackson Hole could cement the market tone until the next Federal Open Market Committee meeting next month.

The benchmark DAX was marginally lower at 13,193 after losing 0.3 percent in the previous session.

CTS Eventim AG, a provider of ticketing services and live entertainment, rose about 1 percent after it posted a surge in normalized-EBITDA for the first-half, driven by a rise in sales.

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Canadian Market Up Marginally In Lackluster Trade

Canadian Market Up Marginally In Lackluster Trade

Canadian stocks are moving in a tight band in lackluster trade on Thursday as investors look for directional clues. Trading volumes are quite thin as U.S. financial markets are closed today in honor of former U.S. President Jimmy Carter, who died in late December at age 100.
RTTNews | 7h 0min ago
Swiss Market Ends Modestly Higher

Swiss Market Ends Modestly Higher

The Switzerland market, which stayed positive save for a few minutes at the start of the session on Thursday, closed modestly higher, in line with markets across Europe.
RTTNews | 7h 53min ago
European Stocks Close On Firm Note

European Stocks Close On Firm Note

European stocks closed broadly higher on Thursday with those from the mining sector turning in a fine performance thanks to higher metal prices. A sell-off in retail stocks, tariff threats by U.S. President-elect Donald Trump, and persisting concerns about inflation limited markets' upside.
RTTNews | 8h 15min ago
German Industrial Output & Exports Recover

German Industrial Output & Exports Recover

Germany's industrial production and exports rebounded in November but the underlying picture remained pretty grim amid job cuts in manufacturing and the possible hike in trade tariffs by the U.S. Industrial output increased a more-than-expected 1.5 percent on a monthly basis, in contrast to the revised 0.4 percent decrease in October, data from Destatis revealed Thursday.
RTTNews | 13h 1min ago
Resources Stocks May Edge Higher As Bay Street Looks Headed For Mixed Open

Resources Stocks May Edge Higher As Bay Street Looks Headed For Mixed Open

Canadian shares are likely to turn in a mixed performance on Thursday, with investors looking ahead to U.S. and Canadian jobs data, due on Friday. Energy and materials stocks may find some support thanks to higher commodity prices. Volume of business is likely to be a bit thin as U.S. markets are closed today in honor of former U.S. President Jimmy Carter, who died in late December at age 100.
RTTNews | 14h 7min ago
Pound Slides As U.K. Borrowing Costs Soar

Pound Slides As U.K. Borrowing Costs Soar

The British pound weakened against other major currencies in the European session on Thursday, on worries about the rising borrowing costs in the U.K. and the stagflation threat.
RTTNews | 15h 6min ago
FTSE 100 Moderately Higher As Mining Stocks Move Up

FTSE 100 Moderately Higher As Mining Stocks Move Up

The U.K. market is up in positive territory Thursday morning, led by gains in the mining sector, even as stocks from the retail sector are reeling under selling pressure, despite several big name retailers reporting a surge in sales. A weak pound is contributing significantly to market's upmove.
RTTNews | 15h 50min ago
Eurozone Retail Sales Rise Less Than Forecast

Eurozone Retail Sales Rise Less Than Forecast

Driven by food and auto fuel turnover, Eurozone retail sales registered a marginal growth, which was weaker than expected in November, reflecting subdued household consumption towards the end of 2024. Retail sales grew 0.1 percent on month in November after easing 0.3 percent in October, data from Eurostat showed Thursday. Sales were expected to climb 0.3 percent.
RTTNews | 16h 5min ago