DAX Slips In Lackluster Trade
(RTTNews) - German stocks slipped into the red on Wednesday after several Federal Reserve officials urged patience on interest-rate cuts.
The benchmark DAX was down 40 points, or 0.2 percent, at 18,092 after closing up 0.4 percent the previous day.
The dollar held steady while sterling edged higher after data showed U.K. inflation has hit the 2 percent target for the first time in three years, delivering a fillip to Prime Minister Rishi Sunak ahead of the parliamentary election.
In corporate news, Adidas shares dropped half a percent. The athletic apparel company Adidas has launched an investigation into allegations of compliance violations in China after receiving an anonymous letter earlier this month.
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KOSPI Expected To Recoup Tuesday's Losses
The South Korea stock market turned lower again on Tuesday, one day after ending the three-day losing streak in which it had stumbled almost 75 points or 2.9 percent. The KOSPI now sits just above the 2,575-point plateau although it's expected to bounce higher again on Wednesday.
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5h 26min ago
TSX Recovers After Weak Start, Ends On Firm Note
The Canadian market closed higher on Tuesday, riding on strong gains in utilities, consumer staples and healthcare sectors.
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5h 55min ago
BoJ Minutes To Be Released On Wednesday
The Bank of Japan will on Wednesday release the minutes from its September 19-20 monetary policy meeting, highlighting a light day for Asia-Pacific economic activity.
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5h 56min ago
New Zealand Jobless Rate 4.8% In Q3
New Zealand posted a seasonally adjusted unemployment rate of 4.8 percent in the third quarter of 2024, Statistics New Zealand said on Wednesday.
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6h 23min ago
Dollar Slips Ahead Of Fed Policy
The U.S. Dollar drifted lower against its major counterparts on Tuesday amid uncertainty about the outcome of the U.S. Presidential Election, and caution ahead of the Federal Reserve's monetary policy.
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6h 51min ago
Canadian Market Up Firmly In Positive Territory
The Canadian market is up firmly in positive territory Tuesday afternoon, supported by gains in utilities, consumer staples, healthcare and technology sectors.
Investors are largely reacting to quarterly earnings reports, and keeping an eye on U.S. Presidential election.
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8h 48min ago
Swiss Market Ends Weak
Despite a positive spell early on in the session on Tuesday, the Switzerland market turned a bit sluggish and then drifted down to eventually close modestly lower, as some disappointing earnings news weighed on sentiment.
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9h 56min ago
European Stocks Close Higher As Markets Await Central Banks Rate Decisions
European stocks closed broadly higher on Tuesday with investors largely making cautious moves, digesting mixed earnings updates and economic data, and looking ahead to the monetary policy announcements from the Bank of England and the Federal Reserve.
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10h 20min ago
