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.
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TSX Modestly Higher As Energy Stocks Rise
The Canadian market is modestly higher Thursday afternoon with stocks from energy and consumer staples sectors posting strong gains. Technology stocks are weak.
Higher oil prices and bond yields amid an escalation in Middle East tensions rendered the mood cautious at the start. However, stocks found some support subsequently and the market moved above the flat line.
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Swiss Stocks Fall As Oil's Rise Triggers Inflation Worries
Swiss stocks ended notably lower on Thursday after languishing in negative territory throughout the day's trading session, as higher oil prices and bond yields raised inflation and interest rate concerns.
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European Stocks Settle Weak As Oil's Surge Fuels On Inflation, Rate Worries
European stocks closed weak on Thursday, with several markets dropping to multi-month lows, as concerns about inflation and interest rates amid rising oil prices and bond yields hurt sentiment.
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U.S. Jobless Claims Unexpectedly Dip From Upwardly Revised Level
The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits unexpectedly dipped from an upwardly revised level in the week ended October 3rd. The report said initial jobless claims edged down to 197,000, a decrease of 2,000 from the previous week's revised level of 199,000.
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Canadian Stocks Poised For Weak Open As Oil Surges On Iran Tensions
Canadian shares face weakness Thursday as Middle East escalation concerns drive oil prices higher. West Texas Intermediate crude jumped 4.8% to $92.52 per barrel amid U.S.-Iran conflict reports. Gold and silver futures show mixed movement.
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U.S. Weekly Jobless Claims Unexpectedly Dip To 197,000
The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits unexpectedly dipped from an upwardly revised level in the week ended October 3rd.
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PepsiCo Q3 Profit Climbs, Core Margin Down; Updates FY26 View; Stock Gains
Snack and beverage major PepsiCo, Inc. reported Thursday higher third-quarter profit and sales, while core operating margin dropped from last year. Further, the firm trimmed fiscal 2026 core earnings per share growth view, and updated revenue growth forecast.
In pre-market activity on Nasdaq, the shares were trading 2.16 percent higher.
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FTSE 100 Recovers From Early Lows, Down Just Marginally
The U.K. market's benchmark FTSE 100 recovered early losses thanks to some strong buying at lower levels at several counters. Banks and miners remained weak.
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