DAX Gains With Focus On Fed Meeting
(RTTNews) - German stocks were modestly higher on Friday, heading into next week's FOMC meeting, where a 25-bps interest-rate cut is expected.
The euro edge higher after ECB policymakers signaled no further rate cuts in the immediate future.
ECB official Joachim Nagel stated that inflation in the euro zone is going in the right direction and the inflation target is likely to be reached at the end of next year.
The benchmark DAX was up 72 points, or 0.4 percent, at 18,590 after rallying 1 percent in the previous session.
Commerzbank shares rallied 2.2 percent. The head of Germany's central bank said that authorities would take a "very close look" at UniCredit's overtures to potentially buy the German bank.
read more
TSX Ends Notably Lower As Stocks Drop On Interest Rate Concerns
The Canadian market closed notably lower on Friday, hurt by rising bond yields, and fading optimism about interest rate cuts by the Federal Reserve after data showed stronger-than-expected growth in U.S. non-farm payroll employment.
Canadian employment data too came in stronger than expected, reducing prospects of any significant monetary easing by the Bank of Canada.
RTTNews
|
11s 5 dakika önce
Dollar Climbs Higher After Buoyant Jobs Data
The U.S. dollar firmed against its major counterparts on Friday amid fading hopes of further reductions in interest rates after data from the Labor Department showed stronger-than-expected growth in non-farm payroll employment in the month of December.
RTTNews
|
11s 34 dakika önce
U.S. Stocks Close Sharply Lower As Strong Jobs Data Raises Interest Rate Concerns
U.S. stocks tumbled on Friday due to heavy selling across the board as buoyant non-farm payroll data raised concerns that the Federal Reserve will likely hold interest rates at current levels or slow down the pace of reductions. Rising bond yields hurt as well.
RTTNews
|
12s 0 dakika önce
Swiss Market Ends Notably Lower
The Switzerland market settled notably lower on Friday, in line with markets across Europe, as upbeat U.S. jobs data raised concerns that the Federal Reserve will likely hold interest rates unchanged from current levels, or go slow on interest rate cuts this year. Data showing an increase in Swiss unemployment weighed as well.
RTTNews
|
14s 58 dakika önce
U.S. Dollar Firms As Strong Jobs Data Dampens Rate Cut Hopes
The U.S. dollar climbed against its most major counterparts in the New York session on Friday, as stronger-than-expected jobs data for December strengthened expectations that the Federal Reserve will hold rates steady for sometime.
RTTNews
|
15s 13 dakika önce
European Stocks Close Lower As Strong U.S. Jobs Data Fuels Interest Rate Concerns
European stocks closed lower on Friday after stronger-than-expected U.S. jobs data raised concerns that the Federal Reserve will hold interest rates at current levels for longer. Higher Euro zone bond yields, and potential tariff hikes by the U.S. weighed as well on investor sentiment.
RTTNews
|
15s 14 dakika önce
Canadian Stocks Tumble As Upbeat Jobs Data Raises Interest Rate Concerns
Canadian stocks are down sharply on Friday with stronger-than-expected U.S. jobs data raising concerns that the Federal Reserve will likely hold interest rates unchanged from current levels for sometime.
Also, a buoyant Canadian employment reports has dimmed the prospects for further easing by the Canadian central bank for now.
RTTNews
|
16s 25 dakika önce
U.S. Consumer Sentiment Edges Lower In January As Inflation Expectations Surge
Consumer sentiment in the U.S. has unexpectedly seen a modest deterioration in the month of January, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index edged down to 73.2 in January from 74.0 in December. Economists had expected the index to inch up to 74.5.
RTTNews
|
18s 19 dakika önce
