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DAX Holds Steady Ahead Of Fed Decision
(RTTNews) - German stocks were steady on Wednesday as investors reacted to mixed manufacturing data from China and awaited the Federal Reserve's interest-rate decision later in the day for direction.
The benchmark DAX was up 0.1 percent at 15,144 after ending marginally higher the previous day.
Hannover Re shares slumped 4.3 percent. In order to take account of the growth in the property and casualty reinsurance portfolio and the increased loss expectation from natural catastrophes, the reinsurer has increased its net major-loss budget for 2023 to 1.725 billion euros.
Software AG plunged 13 percent. The company reported that, on an organic basis, EBIT was 43.1 million euros in the fourth quarter compared to 32.2 million euros, prior year.
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U.S. Factory Orders Spike Slightly Less Than Expected In March
The Commerce Department released a report on Friday showing a sharp increase by new orders for U.S. manufactured goods in the month of March. The report said factory orders spiked by 4.3 percent in March after rising by a downwardly revised 0.5 percent in February.
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vor 16 Minuten
U.S. Employment Jumps By 177,000 Jobs In April, Much More Than Expected
Job growth in the U.S. far exceeded economist estimates in the month of April, according to a closely watched report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment shot up by 177,000 jobs in April compared to expectations for an increase of about 130,000 jobs.
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vor 1Std 10 Minuten
Eurozone Inflation Remains Stable At 2.2%
Euro area annual inflation remained stable in April near the European Central Bank's 2 percent target, but the trade tariff uncertainty clouds the outlook. The harmonized index of consumer prices grew 2.2 percent on a yearly basis in April, the same pace of increase as seen in March, flash data from Eurostat showed on Friday. Prices were expected to climb at a slower pace of 2.1 percent.
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vor 1Std 34 Minuten
Eurozone Manufacturing Activity Shrinks At Slower Pace
Euro area factory activity contracted at a slower pace in April as production grew at the fastest pace in more than three years, final data of the purchasing managers' survey by S&P Global showed Friday. The HCOB manufacturing Purchasing Managers' Index rose to a 32-month high of 49.0 in April from 48.6 in March. The score was also above the flash estimate of 48.7.
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vor 1Std 46 Minuten
Bay Street May Open Higher
The Canadian market is likely to open on a positive note on Friday, tracking firm European stocks amid easing concerns over U.S.-China trade tensions after Beijing stated its willingness to engage in tariff negotiations with the United States.
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vor 1Std 49 Minuten
U.S. Employment Jumps Much More Than Expected In April
Job growth in the U.S. far exceeded economist estimates in the month of April, according to a closely watched report released by the Labor Department on Friday.
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vor 2Std 0 Minuten
SharkNinja Recalls 1.85 Mln Pressure Cookers
SharkNinja Operating LLC is recalling about 1.85 million units of Foodi Multi-Function Pressure Cookers citing risk of burn, and after 26 lawsuits were filed, according to the U.S. Consumer Product Safety Commission or CPSC. In addition, about 184,240 units were sold in Canada. The agency noted that the pressure-cooking lid can be opened during use, causing hot contents to escape.
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vor 2Std 16 Minuten
FTSE 100 Moderately Higher; Shell Rises Sharply After Announcing Share Buyback
UK stocks are up in positive territory on Friday, in line with other major markets in Europe, amid optimism over easing U.S.-China trade relations. Investors are also reacting to a slew of earnings announcements.
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vor 2Std 38 Minuten
