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DAX Little Changed As Microsoft Gives Downbeat Outlook
(RTTNews) - German stocks were little changed on Wednesday as concerns that a recession might be coming offset investors optimism that the U.S. Federal Reserve will slow its pace of rate increases.
Microsoft Corp reported a sharp decline in the second quarter profit and warned of a slowdown in corporate sales, denting sentiment.
The benchmark DAX was little changed with a positive bias at 15,102 ahead of German business sentiment data due later in the day.
Banks led losses, with Commerzbank down 1.5 percent and Deutsche Bank losing 2.3 percent. Jungheinrich AG, a manufacturer of advanced materials handling equipment, rallied 2.3 percent after announcing that it has signed a deal to buy Indiana-based Storage Solutions group for approximately $375 million.
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German Inflation At 6-Month Low, Core Figure Accelerates First Time In 4 Months
Germany's consumer price inflation slowed for a second straight month in April to its lowest level in six months as energy prices continued to fall, but the core price growth accelerated for the first time since December as services cost growth increased, which warrants caution from the European Central Bank that is set to reduce interest rates further.
RTTNews
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14 minutos atrás
U.S. Pending Home Sales Unexpectedly Spike 6.1% March
Partly reflecting a substantial increase in the South, the National Association of Realtors released a report on Wednesday showing an unexpected spike by pending home sales in the U.S. in the month of March. NAR said its pending home sales index surged by 6.1 percent to 76.5 in March after jumping by 2.1 percent to a revised to 72.1 in February.
RTTNews
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1h 49min atrás
U.S. Consumer Prices Virtually Unchanged In March, In Line With Estimates
A closely watched report released by the Commerce Department on Wednesday showed U.S. consumer prices were virtually unchanged in the month of March. The Commerce Department said its personal consumption expenditures (PCE) price index edged down by less than a tenth of a percent in March after rising by an upwardly revised 0.4 percent in February.
RTTNews
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1h 52min atrás
Chicago Business Barometer Drops More Than Expected In April
MNI Indicators released a report on Wednesday showing its reading on Chicago-area business activity fell by more than expected in the month of April.
RTTNews
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2h 35min atrás
U.S. GDP Unexpectedly Dips In First Quarter As Imports Soar
The Commerce Department released a report on Wednesday showing the U.S. economy unexpectedly shrank in the first quarter of 2025. The report said real gross domestic product fell by 0.3 percent in the first quarter after surging by 2.4 percent in the fourth quarter of 2024. Economists had expected GDP to rise by 0.4 percent.
RTTNews
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2h 44min atrás
U.S. Private Sector Job Growth Falls Well Short Of Expectations In April
Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. increased by much less than expected in the month of April. ADP said private sector employment climbed by 62,000 jobs in April after surging by a downwardly revised 147,000 jobs in March.
RTTNews
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3h 9min atrás
Eurozone GDP Growth Gains Strength In Q1
Euro area economic growth accelerated in the first quarter as exports may have benefited from higher demand from the U.S. ahead of the imposition of higher trade tariffs. The quarterly growth in gross domestic product doubled to 0.4 percent from 0.2 percent seen in the fourth quarter of 2024, preliminary flash estimates from Eurostat showed on Wednesday.
RTTNews
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3h 20min atrás
U.S. GDP Unexpectedly Dips 0.3% In First Quarter
The Commerce Department released a report on Wednesday showing the U.S. economy unexpectedly shrank in the first quarter of 2025.
RTTNews
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3h 52min atrás
