DAX Rises As Bank Worries Ease
(RTTNews) - German stocks opened higher on Tuesday as worries about the banking sector eased following a buyout deal for the deposits and loans of the failed Silicon Valley Bank.
The benchmark DAX was up 57 points, or 0.4 percent, at 15,184 after climbing 1.1 percent on Monday.
Lender Commerzbank rallied 1.4 percent while Deutsche Bank shares fell 0.9 percent after recent volatility.
Drug discovery firm Evotec rose 0.6 percent after reporting a 22 percent rise in FY preliminary revenues.
Commercial kitchen supplier Rational AG tumbled 3.5 percent despite posting a significant rise in fiscal year 2022 revenue.
Construction equipment manufacturer Wacker Neuson rose about 1 percent after saying it expects demand to remain high in 2023.
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Canadian Market Headed For Weak Close
he Canadian market is down firmly in negative territory Tuesday afternoon, weighed down by rising bond yields and worries about inflation amid elevated oil prices. The Fed is widely expected to raise interest rate by 25 basis points. The post-meeting comments are eyed for clues about the central bank's future rate path.
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39 minutes ago
Swiss Market Ends Moderately Lower
The Switzerland stock market ended weak on Tuesday as worries about geopolitical tensions, rising bond yields and elevated oil prices rendered the mood cautious.
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1h 13min ago
European Stocks Close Weak
European stock markets ended lower on Tuesday as investors awaited monetary policy decisions from the Federal Reserve, Bank of England, and Bank of Japan. Rising bond yields, elevated oil prices following Saudi pipeline closures, and mixed economic data across the region weighed on sentiment.
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1h 29min ago
New York Manufacturing Index Pulls Back Sharply But Remains Positive
The Federal Reserve Bank of New York released a report on Tuesday showing its reading on regional manufacturing activity fell by much more than expected in the month of September but still indicated growth. The New York Fed said its general business conditions index slumped to 7.6 in September from 20.6 in August.
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5h 34min ago
New York Manufacturing Index Slumps Much More Than Expected In September
The Federal Reserve Bank of New York released a report on Tuesday showing its reading on regional manufacturing activity fell by much more than expected in the month of September but still indicated growth.
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6h 28min ago
Bay Street Likely To Open On Slightly Weak Note
Weak Canadian and U.S. futures, lower precious metals prices and concerns about inflation and interest rates could weigh on Canadian stocks Tuesday morning. Investors look ahead to Federal Reserve's monetary policy announcement on Wednesday.
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6h 37min ago
Yen Falls Against Majors
The Japanese yen weakened against other major currencies in the European session on Tuesday.
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6h 56min ago
FTSE 100 Recovers Despite Weak UK Jobs Data, Oil Concerns
The FTSE 100 recovered from early losses on Tuesday as consumer and real estate stocks rallied. Disappointing employment data and oil price concerns pressured equities, while traders awaited policy guidance from global central banks.
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7h 24min ago
