DAX Subdued As Investors Await US Election Outcome

RTTNews | 7h 37min ago
DAX Subdued As Investors Await US Election Outcome

(RTTNews) - German stocks were marginally lower on Tuesday and bond markets remained on edge, as several polls revealed a tight presidential race between Republican candidate Donald Trump and Democratic nominee Kamala Harris.

Analysts believe Trump's policies on immigration, tax cuts and tariffs would put upward pressure on inflation, bond yields and the dollar.

The benchmark DAX was down 12 points at 19,135 after losing 0.6 percent in the previous session.

In corporate news, utility Uniper SE rose over 1 percent after confirming its FY24 guidance.

Luxury fashion company Hugo Boss fell 2.6 percent after reporting a decline in third-quarter net profit.

Dialysis company Fresenius Medical Care added 1.3 percent as Q3 profit beat market views.

Online fashion retailer Zalando dropped 2.6 percent despite posting strong improvement in third-quarter sales and profit.

read more
Yen Falls Amid BoJ Rate Hike Uncertainty

Yen Falls Amid BoJ Rate Hike Uncertainty

The Japanese yen weakened against other major currencies during the European session on Tuesday, as traders remain cautious amid a rare political crisis following a Japanese snap election that raises doubts about the Bank of Japan's capacity to raise interest rates further and the U.S. election.
RTTNews | 5h 14min ago
Boeing Strike Ends As Machinists Accept New Contract

Boeing Strike Ends As Machinists Accept New Contract

Nearly two months long strike at Boeing Co. has ended after a majority of around 33,000 frontline workers voted to approve a new contract that will deliver 43.65 percent compounded wage increase. Following the deal, Boeing shares were gaining around 1.91 percent in the pre-market activity on the NYSE to trade.
RTTNews | 5h 46min ago
Yen Falls Against Majors

Yen Falls Against Majors

The Japanese yen weakened against other against major currencies in the European session on Tuesday.
RTTNews | 6h 24min ago
European Shares Modestly Higher In Cautious Trade

European Shares Modestly Higher In Cautious Trade

European stocks eked out modest gains in cautious trade on Tuesday as investors reacted to mixed earnings updates and awaited interest-rate decisions from the Bank of England and the Federal Reserve later this week.
RTTNews | 6h 55min ago
FTSE 100 Rises In Cautious Trade

FTSE 100 Rises In Cautious Trade

U.K. stocks eked out modest gains in cautious trade on Tuesday as investors eagerly await the U.S. presidential election result as well as interest-rate decisions from the Bank of England and the Federal Reserve later this week.
RTTNews | 7h 16min ago
CAC 40 Marginally Higher In Cautious Trade

CAC 40 Marginally Higher In Cautious Trade

French stocks were little changed with a positive bias on Tuesday due to uncertainty surrounding the U.S. presidential election, with polls predicting a tight race.
RTTNews | 7h 28min ago
Indonesia GDP Growth Slows Marginally

Indonesia GDP Growth Slows Marginally

Indonesia's economic growth softened in the third quarter on slowing household consumption, official data revealed on Tuesday. Gross domestic product posted an annual growth of 4.95 percent in the third quarter, slightly weaker than the 5.05 percent expansion seen in the preceding period, Statistics Indonesia said. GDP was forecast to grow 5.0 percent.
RTTNews | 7h 34min ago