DAX Burdened By Hawkish Central Bank Actions

RTTNews | 1366 days ago
DAX Burdened By Hawkish Central Bank Actions

(RTTNews) - The German stock market benchmark DAX extended losses, dropping close to a percent, amidst lingering pain over central banks world-wide hiking interest rates and also hinting at still more increases.

Meanwhile, data from Eurozone's PMI readings for December showed Services sector rising to 49.1 from 48.5 and Manufacturing sector increasing to 47.8 from 47.1.

Readings from the homeland showed Manufacturing PMI rising to 47.4 from 46.2 earlier and Services PMI increasing to 49 from 46.1 in November.

The forty-scrip DAX index is currently trading at 13,868.65, down 0.84 percent on an overnight basis. The day's trading has been within the range of 13,842.83 and 14,011.25.

Only 6 scrips in the 40-scrip index are trading in overnight positive territory. Deutsche Bank and MTU Aero Engines have both gained more than 1 percent.

Sartorius topped with losses of 4.7 percent. Vonovia also lost more than 4 percent. Bayer, Brenntag, Infineon Technologies and Merck have all lost more than 2 percent.

The EUR/USD pair is at 1.0625, a tad lower than the previous close of 1.0626. The Dollar gained, lifting the Dollar Index by 0.06 percent to 104.62.

The ten-year bond yield has increased 5.52 percent to 2.1980%, versus 2.0830% at the previous close.

read more
TSX Climbs On Tech Rally, Looks Set To End 6-day Losing Streak

TSX Climbs On Tech Rally, Looks Set To End 6-day Losing Streak

The S&P/TSX Composite Index rose 0.36% Friday to 35,634.50 as technology stocks surged 3.5%, contributing significantly to gains. Oil prices fell following International Energy Agency's downward global oil demand forecast revision.
RTTNews | 16h 20min ago
Swiss Market Ends Modestly Higher

Swiss Market Ends Modestly Higher

The Switzerland stock market closed modestly higher on Friday, in line with markets across Europe, as a sharp drop in oil prices helped lift sentiment.
RTTNews | 16h 53min ago
European Markets Rise As Oil Prices Fall On IEA Demand Cut

European Markets Rise As Oil Prices Fall On IEA Demand Cut

European markets gained ground Friday after the International Energy Agency cut its global oil demand forecast, sending Brent crude futures down 3.5% to $103.50. The IEA now projects world oil demand will drop 2.5 million barrels per day this year versus its prior estimate of 1.6 million bpd.
RTTNews | 17h 16min ago
U.S. Consumer Sentiment Deteriorates Much More Than Expected In September

U.S. Consumer Sentiment Deteriorates Much More Than Expected In September

A report released by the University of Michigan on Friday showed consumer sentiment in the U.S. has deteriorated by much more than anticipated in the month of September. The University of Michigan said its consumer sentiment index slumped to 47.8 in September after tumbling to 51.7 in August. Economists had expected the index to edge down to 51.0.
RTTNews | 20h 38min ago
CPSC Recalls: 2.3 Mln Candy Bottles, Motorcycles, Dressers, Dual Fuel Ranges, Fire Spray Canisters

CPSC Recalls: 2.3 Mln Candy Bottles, Motorcycles, Dressers, Dual Fuel Ranges, Fire Spray Canisters

The U.S. Consumer Product safety Commission or CPSC has announced various recalls including more than 2.3 million sour crush candy bottles, motorcycles, six-drawer dressers, dual fuel ranges, hair dryer brushes, and fire spray canisters, among others. In most of the recalls, consumers are urged to immediately stop using the recalled product, and contact the respective firm for either a free repair
RTTNews | 20h 46min ago
U.S. Consumer Price Growth Matches Estimates, Core Prices Rise Slightly More Than Expected

U.S. Consumer Price Growth Matches Estimates, Core Prices Rise Slightly More Than Expected

A closely watched report released by the Labor Department on Friday showed consumer prices in the U.S. increased in line with economist estimates in the month of August, although core prices rose by slightly more than expected. The Labor Department said its consumer price index climbed by 0.4 percent in August after inching up by 0.1 percent in July.
RTTNews | 21h 26min ago