German stocks held steady on Tuesday as investors reacted to a slew of earnings and awaited key U.S. inflation data this week for directional cues. The benchmark DAX was marginally higher at 17,743 after finishing on a flat note the previous day. Chemicals distributor Brenntag dropped 1.1 percent after lowering its full-year guidance. Consumer goods...
French stocks were subdued on Tuesday as investors awaited a slew of key U.S. economic data this week for additional clues on the Feds rate trajectory. The benchmark CAC 40 was marginally lower at 7,244 after falling 0.3 percent in the previous session. The dollar gained after Ukraine said it has seized 1,000 sq km...
U.K. stocks were little changed on Tuesday while the British pound strengthened against other major currencies after data showed the U.K. unemployment rate dropped unexpectedly in the second quarter. Data from the Office for National Statistics showed that the unemployment rate fell to 4.2 percent in the three months to June period, while the rate...
Chinas bank lending remained weak in July amid high interest rates, official data revealed on Tuesday. Aggregate financing totalled CNY 18.87 trillion in the January to July period, which was down by CNY 3.22 trillion, the Peoples Bank of China said. Within this total, yuan-denominated loans to the real economy increased by CNY 12.38 trillion...
Producer prices in the U.S. crept higher in the month of July, according to a report released by the Labor Department on Tuesday. The Labor Department said its producer price index for final demand inched up by 0.1 percent in July after rising by 0.2 percent in June. The uptick by producer prices matched economist...
Small business sentiment in the U.S. strengthened to a two-and-a-half-year high in July though inflation remained the top concern for businesses, the monthly survey results from the National Federation of Independent Business (NFIB) showed Tuesday. The NFIB Small Business Optimism Index rose for the fourth month in a row in July, up 2.2 points to...
European stocks shrugged off a mid-session setback and closed higher on Tuesday, as investors reacted to some positive economic data from the U.S. and Europe, and looked ahead to crucial inflation readings from the U.S. and U.K., due later in the week. The pan European Stoxx 600 climbed 0.52%. The U.K.s FTSE 100 gained 0.3%,...
The U.S. dollar weakened against its major counterparts in the New York session on Tuesday, as producer prices rose less than expected in July, strengthening expectations that the Federal Reserve is likely to cut interest rates by 50 basis points in September. Data from the Labor Department showed that the producer price index for final...
The U.S. dollar shed ground against its major counterparts on Tuesday after data showing a smaller than expected increase in the nations producer prices in the month of July raised expectations that the Federal Reserve will cut interest rates by 50 basis points in September. The Labor Departments data said the producer price index for...
German stocks were seeing modest gains in cautious trades on Wednesday ahead of key Eurozone and U.S. economic data due later in the day. The benchmark DAX was up 74 points, or 0.4 percent, at 17,886 after gaining half a percent the previous day. Rheinmetall AG, an automotive and arms manufacturer, rose 1.6 percent after...