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DAX Dips As China Stimulus Euphoria Fades

RTTNews | 67 dagar sedan

DAX Dips As China Stimulus Euphoria Fades

(RTTNews) - German stocks traded lower on Wednesday as the initial euphoria over China's sweeping stimulus measures faded.

Earlier today, Sweden's central bank cut its key interest rate by a quarter point and said it envisioned another two cuts this year.

The benchmark DAX was down 77 points, or 0.4 percent, at 18,920 after climbing 0.8 percent in the previous session.

The dollar weakened further, adding to the previous session's losses after a survey showed U.S. consumer confidence unexpectedly fell in September.

Tech stocks fell, with SAP tumbling 3.5 percent after reports that the software developer is being probed by U.S. officials for alleged price-fixing. Shares of Infineon Technologies were down 1.1 percent.

Lender Commerzbank rose 1.2 percent after appointing Bettina Orlopp as its new CEO.

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TSX Hits New Record High Again, Ends 0.41% Up

TSX Hits New Record High Again, Ends 0.41% Up

The Canadian market posted a record closing high for the third consecutive day as technology stocks climbed higher on strong buying interest on Friday.

RTTNews | 1 dag sedan

Dollar Drifts Lower Against Major Currencies

Dollar Drifts Lower Against Major Currencies

The U.S. dollar shed ground against its major counterparts on Friday as the yield on long-term Treasury Notes dropped. Also, with investors choosing to pick up riskier assets such as equities, the dollar struggled for support almost right through the day's session.

RTTNews | 1 dag sedan

India GDP Growth Slowest In 7 Quarters On Weak Manufacturing

India GDP Growth Slowest In 7 Quarters On Weak Manufacturing

The Indian economy expanded at the slowest pace in seven quarters during the three months to September as the stronger performance of the services sector was offset by the sluggishness in manufacturing and mining industries, preliminary data from the statistics ministry showed on Friday.

RTTNews | 1 dag sedan

Swiss Market Ends Higher After Choppy Session

Swiss Market Ends Higher After Choppy Session

The Switzerland market closed on a positive note on Friday after a choppy session, as investors assessed the region's economic data and continued to closely follow the developments on the geopolitical front.

RTTNews | 1 dag sedan

European Markets Close On Firm Note

European Markets Close On Firm Note

European stocks closed higher on Friday amid expectations of further rate cuts by central banks despite data showing an acceleration in eurozone inflation. Investors also digested French GDP data and Germany's retails sales and unemployment data.

RTTNews | 1 dag sedan

Canadian Market Continues To Climb Higher; TSX Up Modestly At Noon

Canadian Market Continues To Climb Higher; TSX Up Modestly At Noon

The Canadian market has moved on to a new record high on Friday, lifted by gains in technology, industrials and materials sectors, as investors continue to remain optimistic about more interest rate reductions by the central bank.

RTTNews | 1 dag sedan

Eurozone Inflation Accelerates To 2.3%

Eurozone Inflation Accelerates To 2.3%

Euro area inflation climbed for a second straight month in November, while the core figure was unchanged, making way for a cautious interest rate cut by the European Central Bank next month.

RTTNews | 1 dag sedan

Pound Weakens Despite BoE's Slower Rate Cut Prospects

Pound Weakens Despite BoE's Slower Rate Cut Prospects

The pound was lower against its major counterparts in the New York session on Friday, as the U.S. dollar rebounded after the Thanksgiving holiday.

RTTNews | 1 dag sedan

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