DAX Rises Despite Weak PMI Data

RTTNews | 1127 hari yang lalu
DAX Rises Despite Weak PMI Data

(RTTNews) - German stocks were trading higher on Wednesday, with PMI data and upcoming earnings from chip maker Nvidia in focus.

Germany's private sector suffered the steepest contraction in more than three years in August, flash data released by S&P Global and Hamburg Commercial Bank showed earlier today - denting hopes that the service sector might rescue the German economy.

At 44.7, the flash composite output index hit a 39-month low in August, down from 48.5 in July.

The services Purchasing Managers' Index dropped to a nine-month low of 47.3 from 52.3 in the previous month while the manufacturing PMI rose to 39.1 from 38.8 a month ago. The benchmark DAX was up 82 points, or half a percent, at 15,787 after gaining 0.7 percent the previous day.

In corporate news, wind turbine manufacturer Nordex jumped nearly 2 percent after securing three contracts from Heitkamp Industrial Solutions GmbH, a German subsidiary of contracting company Ronesans Holding.

baca selengkapnya
Swiss Market Ends Weak

Swiss Market Ends Weak

The Switzerland market ended on a weak note on Wednesday despite spending much of the day's session above the flat line. The mood turned cautious around late morning, and the market remained sluggish thereafter as oil prices rebounded after five successive days of losses.
RTTNews | 4 jam 1 menit yang lalu
TSX Tumbles 1.23% As Materials Stocks Slide On Metal Price Weakness

TSX Tumbles 1.23% As Materials Stocks Slide On Metal Price Weakness

Canadian stocks retreated Wednesday as the S&P/TSX Composite Index fell 1.23%, driven by heavy selling in materials following steep drops in gold and silver prices. Financials, utilities, and consumer stocks also declined amid elevated Treasury yields.
RTTNews | 5 jam 8 menit yang lalu
Bay Street Looks Headed For Weak Start

Bay Street Looks Headed For Weak Start

Lower Canadian and U.S. futures and weak precious metals prices point to a negative start on Bay Street on Wednesday. Oil's recovery could weigh as well.
RTTNews | 8 jam 42 menit yang lalu
Wall Street May Open Slightly Weak

Wall Street May Open Slightly Weak

Lower index futures point to a weak open on Wall Street on Wednesday. Flash PMI data for the month of September could make an impact on sentiment.
RTTNews | 8 jam 55 menit yang lalu
General Mills Q1 Profit Plunges, Confirms FY27 Outlook

General Mills Q1 Profit Plunges, Confirms FY27 Outlook

Branded consumer foods maker General Mills, Inc. reported Wednesday sharply lower profit in the first quarter of fiscal 2027, hurt by the absence of prior year's significant gain and weak net sales, both related to the sale of the U.S. yogurt business. Further, the firm maintained fiscal 2027 outlook.
RTTNews | 9 jam 22 menit yang lalu
U.S. Dollar Rises Amid Fed Rate Hike Speculation

U.S. Dollar Rises Amid Fed Rate Hike Speculation

The U.S. dollar strengthened against other major currencies in the European session on Wednesday, as the market's anticipation of additional Fed monetary tightening in the upcoming months and investors' confidence regarding the results of new efforts to establish a peace agreement with Iran.
RTTNews | 9 jam 53 menit yang lalu