DAX Subdued As Investors Await US Election Outcome

RTTNews | Pred 9 h 50 min
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.

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U.S. Trade Deficit Widens Significantly In September

U.S. Trade Deficit Widens Significantly In September

A report released by the Commerce Department on Tuesday showed a substantial increase in the size of the U.S. trade deficit in the month of September, as imports surged and exports slumped.
RTTNews | Pred 5 h 16 min
Bay Street Likely To Open With Positive Bias

Bay Street Likely To Open With Positive Bias

Canadian shares may open with a positive bias on Tuesday, tracking higher crude oil and metal prices. The focus is on the U.S. Presidential election, and the upcoming monetary policy announcement from the Federal Reserve. Investors will also be reacting to a slew of earnings updates, and key economic data.
RTTNews | Pred 6 h 4 min
UK Service Sector Logs Weakest Growth In Almost A Year

UK Service Sector Logs Weakest Growth In Almost A Year

The UK service sector grew at the slowest pace since November last year as heightened uncertainty and concerns about the domestic economic outlook damped new work, the S&P Global purchasing managers' survey showed on Tuesday. The final services Purchasing Managers' Index registered 52.0 in October, down from 52.4 in September. The reading was above the initial estimate of 51.8.
RTTNews | Pred 6 h 22 min
Spain Unemployment Rises In October

Spain Unemployment Rises In October

Joblessness in Spain increased in October but logged the smallest gain for the month since 2006 except for the pandemic years of 2021 and 2022, data from the labor ministry showed on Tuesday. The number of unemployed rose by 26,769 persons, which was a below average increase for the month of October. Economists were looking for an increase of 26,500 persons.
RTTNews | Pred 6 h 58 min
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 | Pred 7 h 27 min
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 | Pred 7 h 59 min
Yen Falls Against Majors

Yen Falls Against Majors

The Japanese yen weakened against other against major currencies in the European session on Tuesday.
RTTNews | Pred 8 h 37 min