DAX Modestly Higher Ahead Of Key Inflation Print

RTTNews | 17天前
DAX Modestly Higher Ahead Of Key Inflation Print

(RTTNews) - German stocks traded higher on Tuesday, a day after ECB President Christine Lagarde hinted at another cut in interest rates at the Bank's next policy meeting in October, citing falling inflation and data pointing to a slowdown in the region.

The upside remained capped after a survey showed Germany's manufacturing sector contracted at its fastest pace in a year in September.

The Eurozone CPI inflation print may influence sentiment later in the day. The euro area inflation rate will stabilize at the ECB's 2 percent target during the course of 2025, Finnish ECB policymaker Olli Rehn said in a speech earlier today.

The benchmark DAX was up 48 points, or 0.3 percent, at 19,373 after declining 0.8 percent in the previous session.

In corporate news, Covestro AG shares jumped nearly 4 percent as Abu Dhabi's state oil firm ADNOC announced it will buy the German chemicals producer in a 14.7-billion-euro deal ($16.4 billion).

The agreement stipulates that the bidder will make a public takeover offer for all outstanding shares of Covestro at a price of 62.00 euros per share.

read more
U.S. Housing Starts Pull Back Modestly As Multi-Family Starts Extend Plunge

U.S. Housing Starts Pull Back Modestly As Multi-Family Starts Extend Plunge

After reporting a sharp increase in new residential construction in the U.S. in the previous month, the Commerce Department released a report on Friday showing a modest pullback by housing starts in the month of September. The Commerce Department said housing starts fell by 0.5 percent to an annual rate of 1.354 million in September.
RTTNews | 6小时48分钟前
CPSC Recalls: Textron ROVs, Colsen Fire Pits, Anker Power Banks, Oliva Cigar Lighters

CPSC Recalls: Textron ROVs, Colsen Fire Pits, Anker Power Banks, Oliva Cigar Lighters

The U.S. Consumer Product safety Commission or CPSC has announced recalls including Textron Specialized Vehicles' Recreational Off Highway vehicles, Colsen Fire Pits LLC's Fire Pits, Anker Innovations Ltd.'s Anker Power Banks, and Oliva Cigars Co. Inc.'s Cigar Lighters, citing various reasons. In most of the recalls, consumers are urged to immediately stop using the recalled product
RTTNews | 6小时53分钟前
U.S. Housing Starts Show Modest Pullback In September

U.S. Housing Starts Show Modest Pullback In September

After reporting a sharp increase in new residential construction in the U.S. in the previous month, the Commerce Department released a report on Friday showing a modest pullback by housing starts in the month of September.
RTTNews | 7小时41分钟前
Bay Street Likely To Open Higher

Bay Street Likely To Open Higher

The Canadian market is seen opening on a positive note Friday morning, with materials shares set for some upside thanks to firm metal prices. With the economic calendar blank and no big earnings updates due for the day, trading is likely to remain somewhat lackluster.
RTTNews | 7小时54分钟前
Sensex, Nifty Snap Three Day Losing Streak

Sensex, Nifty Snap Three Day Losing Streak

Indian shares recovered from an early slide to end modestly higher on Friday. Rate-sensitive banks, automakers and metal stocks advanced, offsetting weakness in the IT and FMCG sectors.
RTTNews | 10小时4分钟前
European Shares Mixed As Investors Look To UK Budget

European Shares Mixed As Investors Look To UK Budget

European shares were mixed on Friday, a day after the European Central Bank (ECB) cut its deposit rate by 25 basis points to 3.25 percent, citing sluggish economic growth and easing inflation.
RTTNews | 10小时57分钟前
Pound Surges As U.K. Retail Sales Rise Unexpectedly

Pound Surges As U.K. Retail Sales Rise Unexpectedly

The British pound strengthened against other major currencies in the European session on Friday, after data showed that U.K. retail sales logged an unexpected growth in September on higher sales of technology products.
RTTNews | 11小时6分钟前