DAX Slips In Lackluster Trade
(RTTNews) - German stocks slipped into the red on Wednesday after several Federal Reserve officials urged patience on interest-rate cuts.
The benchmark DAX was down 40 points, or 0.2 percent, at 18,092 after closing up 0.4 percent the previous day.
The dollar held steady while sterling edged higher after data showed U.K. inflation has hit the 2 percent target for the first time in three years, delivering a fillip to Prime Minister Rishi Sunak ahead of the parliamentary election.
In corporate news, Adidas shares dropped half a percent. The athletic apparel company Adidas has launched an investigation into allegations of compliance violations in China after receiving an anonymous letter earlier this month.
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TSX Ends Shortened Session On Firm Note
The Canadian market ended the shortened trading session on Tuesday modestly higher thanks to gains in energy and technology sectors. The volume of business remained rather thin as investors refrained from making significant moves ahead of Christmas and Boxing Day holidays.
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Swiss Franc Weakens Against Most Majors
The Swiss franc declined against its most major counterparts in the New York session on Tuesday.
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Pound Climbs Against Majors
The pound rose against its major counterparts in the New York session on Tuesday.
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European Stocks Close Higher On Thin Volumes Ahead Of Christmas Holidays
European stocks posted marginal gains in the shortened trading session on Tuesday, with investors mostly staying away on the sidelines ahead of Christmas holidays. Some major markets in the region remained shut for Christmas Eve.
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Bay Street Likely To Open Slightly Higher
Canadian shares are likely to open higher on Tuesday, and trading may be a bit lackluster and volumes rather thin as the market will close at 1 pm, and remain closed on Wednesday and Thursday for Christmas and Boxing Day holidays.
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Indian Rupee Hits Record Low Against U.S. Dollar
The Indian rupee weakened against the U.S. dollar in the European session on Tuesday.
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Sensex, Nifty Reverse Course To End Lower
Indian shares fluctuated before ending on a flat note Tuesday ahead of the Christmas holiday.
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European Shares Edge Higher Ahead Of Christmas Break
European stocks edged higher in cautious trade on Tuesday ahead of Christmas break.
The German DAX is not trading today while the FTSE 100 and CAC 40 will close early for Christmas Eve.
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