DAX Edges Higher In Cautious Trade

RTTNews | Pred 8 h 27 min
DAX Edges Higher In Cautious Trade

(RTTNews) - German stocks traded slightly higher on Friday, a day after the European Central Bank (ECB) cut its deposit rate by 25 basis points to 3.25 percent, citing sluggish economic growth and easing inflation.

According to its quarterly survey of professional forecasters, the ECB sees inflation falling to 1.9 percent in 2025 from a previous forecast of 2 percent. The projections for 2024 and 2026 were kept unchanged at 2.4 percent and 1.9 percent.

The benchmark DAX was up 48 points, or 0.3 percent, at 19,631 after rising 0.8 percent on Thursday.

In corporate news, Stratec SE shares fell more than 2 percent.

The maker of analyzer and automation systems for In-Vitro-Diagnostic reported that preliminary consolidated sales for the first nine months of 2024 declined to 176.3 million euros from 187.7 million euros last year.

read more
U.S. Housing Starts Show Modest Pullback In September

U.S. Housing Starts Show Modest Pullback In September

After reporting a sharp increase in new residential construction in the U.S. in the previous month, the Commerce Department released a report on Friday showing a modest pullback by housing starts in the month of September.
RTTNews | Pred 4 h 33 min
Bay Street Likely To Open Higher

Bay Street Likely To Open Higher

The Canadian market is seen opening on a positive note Friday morning, with materials shares set for some upside thanks to firm metal prices. With the economic calendar blank and no big earnings updates due for the day, trading is likely to remain somewhat lackluster.
RTTNews | Pred 4 h 46 min
Sensex, Nifty Snap Three Day Losing Streak

Sensex, Nifty Snap Three Day Losing Streak

Indian shares recovered from an early slide to end modestly higher on Friday. Rate-sensitive banks, automakers and metal stocks advanced, offsetting weakness in the IT and FMCG sectors.
RTTNews | Pred 6 h 56 min
European Shares Mixed As Investors Look To UK Budget

European Shares Mixed As Investors Look To UK Budget

European shares were mixed on Friday, a day after the European Central Bank (ECB) cut its deposit rate by 25 basis points to 3.25 percent, citing sluggish economic growth and easing inflation.
RTTNews | Pred 7 h 50 min
Pound Surges As U.K. Retail Sales Rise Unexpectedly

Pound Surges As U.K. Retail Sales Rise Unexpectedly

The British pound strengthened against other major currencies in the European session on Friday, after data showed that U.K. retail sales logged an unexpected growth in September on higher sales of technology products.
RTTNews | Pred 7 h 59 min
FTSE 100 Slips Into Red On Budget Fears

FTSE 100 Slips Into Red On Budget Fears

U.K. stocks were moving lower on Friday and the pound euro (GBP/EUR) exchange rate held near a two-and-a-half year high after data showed U.K. retail sales logged an unexpected growth in September on higher sales of technology products.
RTTNews | Pred 8 h 3 min
Pound Rises Against Majors

Pound Rises Against Majors

The British pound strengthened against other major currencies in the European session on Friday.
RTTNews | Pred 8 h 12 min