DAX Edges Lower On Interest-rate Concerns

RTTNews | 1313 days ago
DAX Edges Lower On Interest-rate Concerns

(RTTNews) - German stocks edged lower on Tuesday as investors fretted about the impact of higher interest rates on economic growth.

The benchmark DAX was down 48 points, or 0.3 percent, at 15,298 after losing 0.8 percent in the previous session.

Software provider TeamViewer soared 13 percent after it launched a share buyback and announced it is eyeing double digit growth in 2023.

Drug discovery and development firm Evotec SE fell 1.5 percent after its Supervisory Board appointed Laetitia Rouxel as new Chief Financial Officer and member of the Management Board effective 1 April 2023.

Siemens Energy declined 2.4 percent after its first-quarter net loss more than doubled.

Asian stocks ended mixed earlier today while U.S. equity futures fluctuated ahead of Fed Chair's Jerome Powell's speech due later in the day.

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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.
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Swiss Market Ends Modestly Higher

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RTTNews | 1 day ago
European Markets Rise As Oil Prices Fall On IEA Demand Cut

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

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

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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 | 1 day 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 | 1 day ago