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DAX Edges Higher In Cautious Trade As UK Accelerates Tax Plans
(RTTNews) - German shares edged up in cautious trade on Monday as investors awaited clarity on U.K.'s fiscal plan.
British new finance minister Jeremy Hunt will lay out details of some of the government's tax plans later today.
The announcement comes two weeks early after a series of abrupt U-turns by the government on its mini budget failed to calm worries about its economic credibility.
The benchmark DAX was up 41 points, or 0.3 percent, at 12,478 after rising 0.7 percent on Friday.
Drägerwerk shares fell nearly 4 percent. The company reported that its preliminary net sales for the third quarter declined 9.1 percent, net of currency effects, to around 725 million euros from the prior year's 769.6 million euros.
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Swiss Market Ends On Positive Note
The Switzerland market, which held firm till well past noon on Wednesday after a steady start, suffered a setback in the final hour, but managed to recover in the closing minutes to sign off on a positive note. Easing worries about tariffs and some strong results helped underpin sentiment.
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32 minutes ago
Major European Markets Close Higher As Investors React To Earnings, Economic Data
The major European markets closed higher on Wednesday amid easing trade tensions, and on largely encouraging quarterly results from several big name companies.
Investors also digested a slew of regional economic data, and U.S. GDP report.
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1h 1min ago
TSX Down Nearly 1% Despite Coming Off Early Lows
Despite staging a fairly strong recovery after an early setback, the Canadian market remains firmly down in negative territory a little past noon on Wednesday, with stocks from energy, technology and healthcare sectors reeling under selling pressure.
Disappointing Canadian and U.S. GDP data, and Trump administration's policy uncertainty are weighing on sentiment.
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1h 45min ago
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.
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1h 55min ago
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.
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3h 30min ago
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.
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3h 33min ago
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.
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4h 16min ago
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.
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4h 25min ago
