DAX Rallies Ahead Of Unscheduled ECB Meeting

RTTNews | 983 ngày trước
DAX Rallies Ahead Of Unscheduled ECB Meeting

(RTTNews) - German stocks climbed on Wednesday, with banks leading the surge, on news that the European Central Bank's policy-setting Governing Council will hold a rare, unscheduled meeting later today to discuss the recent volatility in government bond markets.

ECB executive board member Isabel Schnabel indicated on Tuesday that the central bank will fight any "disorderly" blowout in the borrowing costs of more indebted euro zone nations.

Investors also awaited the Federal Reserve's interest-rate decision later in the day for clues on how aggressive the U.S. central bank intends to be in the coming months.

The benchmark DAX jumped 185 points, or 1.4 percent, to 13,489 after losing 0.9 percent the previous day.

Commerzbank surged 4.5 percent and rival Deutsche Bank advanced 2.5 percent.

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TSX Ends Sharply Lower On Mixed Economic Data, Weak Commodities

TSX Ends Sharply Lower On Mixed Economic Data, Weak Commodities

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Dollar Rises, Gains Against Major Counterparts

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Swiss Market Ends On Buoyant Note

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U.S. Dollar Higher Amid Risk Aversion

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Major European Markets Close On Mixed Note

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European stocks closed on a mixed note on Friday with investors largely making cautious moves, digesting regional PMI data, and a slew of corporate earnings announcements, in addition to closely following the developments on the geopolitical front. Uncertainty about U.S. government's trade and economic stance weighed on stocks. Germany's snap election on Sunday was in focus as well.
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Canadian Markets Remains In Negative Territory; Energy, Materials Shares Decline

Canadian Markets Remains In Negative Territory; Energy, Materials Shares Decline

After opening slightly up, the Canadian market tumbled into negative territory Friday morning as tariff threats and weak commodity prices, as well a few disappointing earnings updates prompted investors to press sales at several counters. Preliminary data showing a likely drop in retail sales in January is weighing as well.
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U.S. Consumer Sentiment Plunges To Lowest Level Since November 2023

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A report released by the University of Michigan on Friday showed consumer sentiment in the U.S. deteriorated by much more than previously estimated in the month of February. The University of Michigan said its consumer sentiment index for February was downwardly revised to 64.7 from a preliminary reading of 67.8. Economists had expected the index to be unrevised.
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U.S. Existing Home Sales Pull Back Sharply In January

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Existing home sales pulled back sharply in the month of January, according to a report released by the National Association of Realtors on Friday. NAR said existing home sales plunged by 4.9 percent to an annual rate of 4.08 million in January after surging by 2.9 percent to an upwardly revised rate of 4.29 million in December.
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