DAX Slips Into Red Ahead Of Eurozone Inflation Data

RTTNews | Pred 184 dňami
DAX Slips Into Red Ahead Of Eurozone Inflation Data

(RTTNews) - German stocks fell on Friday while the dollar climbed after comments from three top Federal Reserve officials suggested that U.S. interest rates are likely to stay higher for longer.

Mixed activity data from China also weighed on markets. China's industrial growth accelerated in April, while growth in April retail sales and fixed asset investment during the January-April period softened unexpectedly, official data revealed.

The benchmark DAX was down 97 points, or 0.5 percent, at 18,641 after losing 0.7 percent in the previous session.

Eurostat is slated to issue euro area final inflation data for April later in the day. The flash estimate showed that inflation held steady at 2.4 percent in April and core inflation slowed to 2.7 percent from 2.9 percent in March.

Earlier today, ECB Vice-President Luis de Guindos said that inflation in the Eurozone will move near its target of 2 percent in 2025.

read more
Canadian Market Settles Lower; TSX Sheds 0.6%

Canadian Market Settles Lower; TSX Sheds 0.6%

The Canadian market ended notably lower on Friday, weighed down by losses in energy, industrials and materials sectors, and on uncertainty about Federal Reserve's interest rate trajectory.
RTTNews | Pred 1 dňom
Dollar Turns In Mixed Performance Against Major Counterparts

Dollar Turns In Mixed Performance Against Major Counterparts

The U.S. dollar turned in a sluggish performance on Friday with investors assessing the Federal Reserve's likely moves with regard to interest rate reductions in the wake of most recent economic data, and Fed Chair Jerome Powell's somewhat hawkish comments.
RTTNews | Pred 2 dňami
Canadian Shares Notably Lower

Canadian Shares Notably Lower

The Canadian market is down in negative territory Friday afternoon with stocks from several sectors reeling under sustained selling pressure amid uncertainty about U.S. interest rate cuts after dovish comments from Fed Chair Jerome Powell.
RTTNews | Pred 2 dňami
Swiss Market Ends Lower On Growth Concerns

Swiss Market Ends Lower On Growth Concerns

Swiss stocks tumbled on Friday, weighed down data showing a slowdown in growth, and uncertainty about Fed interest rate cuts following hawkish comments by the central bank chair Jerome Powell.
RTTNews | Pred 2 dňami
U.S. Dollar Strengthens After Strong Retail Sales Data

U.S. Dollar Strengthens After Strong Retail Sales Data

The U.S. dollar climbed against its most major counterparts in the New York session on Friday, following the release of the latest batch of economic data, including a Commerce Department report showing retail sales increased by slightly more than expected in October.
RTTNews | Pred 2 dňami
U.S. Business Inventories Inch Up Slightly Less Than Expected In September

U.S. Business Inventories Inch Up Slightly Less Than Expected In September

With a jump by retail inventories partly offset by dips by manufacturing and wholesale inventories, the Commerce Department released a report on Friday showing U.S. business inventories crept up by slightly less than expected in the month of September. The Commerce Department said business inventories inched up by 0.1 percent in September after climbing by 0.3 percent in August.
RTTNews | Pred 2 dňami