DAX Drifts Lower Ahead Of ECB Rate Decision
(RTTNews) - German stocks were moving lower on Wednesday and the euro was down for a third day in a row as investors await Thursday's ECB meeting for directional cues.
Markets currently eye two more rate cuts from the euro area's central bank this year amid a weak growth outlook and lower inflation.
The benchmark DAX slipped 0.2 percent to 19,451 after closing 0.1 percent lower the previous day.
Earnings remained in focus, with sportswear giant Adidas tumbling 3.6 percent despite raising its full-year sales and profit guidance.
Dragerwerk declined 3.1 percent. The breathing equipment maker for industries and hospitals registered a decline in preliminary earnings before interest and taxes for the third quarter, reflecting a drop in sales.
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Walgreens To Close 1,200 US Stores
Walgreens announced its plan to close around 1,200 U.S stores over the next three years, including around 500 closures in fiscal 2025, as the drug store chain is facing a challenging U.S. retail environment amid increasing competition. The move, which was announced while reporting a significantly wider net loss in its fourth quarter, is expected to be immediately accretive to adjusted earnings...
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Pred 4 h 33 min
U.S. Import Prices Decrease In Line With Estimates In September
Reflecting a sharp drop by prices for fuel imports, the Labor Department released a report on Wednesday showing a continued decrease by prices for U.S. imports in the month of September.
RTTNews
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Pred 4 h 51 min
Bank Of Thailand Trims Rate Unexpectedly
The Bank of Thailand unexpectedly lowered its policy interest rate for the first time in more than four years, as inflation is projected to return towards the target range by the end of this year. The Monetary Policy Committee voted 5-2 to cut the policy rate by 25 basis points to 2.25 percent. Two committee members sought to maintain the rate at 2.50 percent.
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Pred 5 h 0 min
Bay Street Seen Opening On Mixed Note
Canadian shares are likely to open on a mixed note Wednesday morning, tracking commodity prices. The focus will also be on some key earnings updates from major U.S. companies. Optimism about more interest rate cuts by central banks, including the Federal Reserve and the Bank of Canada may help underpin sentiment.
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Pred 5 h 10 min
Sensex, Nifty End Modestly Lower On Weak Global Cues
Indian shares closed lower on Wednesday, with continued foreign fund outflows, reduced bets on larger Fed rate cuts and disappointing earnings updates from the likes of LVMH and ASML Holding weighing on markets.
RTTNews
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Pred 7 h 3 min
Pound Slides As U.K. Inflation Hits Three-year Low
The British pound weakened against other major currencies in the European session on Wednesday, after U.K. inflation fell below the 2 percent target and also hit the lowest in more than three years in September, piling pressure on the Bank of England to ease policy at the November meeting.
RTTNews
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Pred 7 h 28 min
European Shares Mostly Lower As Earnings Disappoint
European stocks were broadly lower on Wednesday as investors digested a slew of disappointing earnings updates and awaited a European Central Bank policy meeting on Thursday for directional cues.
RTTNews
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Pred 7 h 53 min
FTSE 100 Gains As Inflation Hits Three-year Low
U.K. stocks advanced on Wednesday after official data showed U.K. inflation fell below the 2 percent target and also hit the lowest in more than three years in September, piling pressure on the Bank of England to ease policy at the November meeting.
RTTNews
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Pred 8 h 11 min
