DAX Slips In Cautious Trade After Fed Minutes

RTTNews | 1346 days ago
DAX Slips In Cautious Trade After Fed Minutes

(RTTNews) - German stocks edged lower on Thursday as investors pondered over the Federal Reserve's December meeting minutes.

The minutes showed that Fed officials are committed to keep interest rates high through 2023 to curb "unacceptably high" inflation.

China COVID worries also weighed, with the country reporting 218,019 new weekly COVID-19 cases as of Jan. 1, according to the World Health Organization's weekly report.

The benchmark DAX slipped 29 points, or 0.2 percent, to 14,461 after climbing 2.2 percent in the previous session.

Deutsche Bank gave up 1.7 percent and Infineon Technologies fell over 1 percent while Bayer and Volkswagen were up more than 1 percent each.

On a light day on the economic front, data showed German construction activity saw little improvement towards the end of last year.

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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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European Markets Rise As Oil Prices Fall On IEA Demand Cut

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

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

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