DAX Financial News

«Does the US have the ability to actually service all of this debt and will that additional 25 or 50 bps rate hike by the Fed tip the scale towards a full-blown recession? I do not think so as yet,» says Gautam Trivedi, Nepean Capital.It has been a good year if you bought stocks in April, May, June or even July so the summer rally of 2023 do you think it will extend in itself for the remaining part of the year? I think it will. And let us understand one very basic thing, which I think sometimes people, when I meet them socially, they think India is the only country in the world that seems to be having a stock market rally. And all the money in the world seems to be only coming here because if you read the financial newspapers or media channels, you almost get the feeling that we are alone in the world.

By Harry Robertson and Scott Murdoch

By Shashwat Chauhan, Amruta Khandekar and Shristi Achar A

jobless benefits increased slightly last week, while layoffs dropped to an 11-month low in July, labor department report showed. Jobs report for July is due on Friday. A separate report showed that the US services sector slowed in July.

Investing.com — European stock markets traded lower Wednesday, with risk sentiment hit by the surprise downgrade to the U.S.’s top-tier sovereign rating as well as slowing regional growth.

Pfizer edged 1.2% lower after its quarterly revenue fell short of analysts’ expectations. European stocks declined on Tuesday, on shrinking factory activity in the euro zone. The pan-European benchmark STOXX 600 fell 0.9%.

Europe European stocks gained on Monday, led by rise in healthcare shares and on easing euro zone inflation in July. The pan-European benchmark STOXX 600 rose 0.1%. Britain’s FTSE 100 rose less than 0.1% at 7,699.41.

Investing.com — European stock markets are expected to open largely unchanged Monday, as investors digest weak Chinese business activity data ahead of the release of eurozone growth and inflation data.

Shares in Europe and Asia are mixed after the Bank of Japan adjusted its bond purchase policy but kept its negative benchmark interest rate unchanged

consumer spending and robust business investment. Shares of Honeywell International dropped 5.7% after its revenue fell short of analysts' expectations. Meta Platforms’ stock rose 4.4%.

Investing.com — European stock markets are expected to open higher Thursday, as investors digest comments from Fed Chair Jerome Powell ahead of the latest European Central Bank meeting.

Investing.com — European stock markets are expected to open slightly lower Wednesday, as investors brace themselves for another rate hike from the Federal Reserve while the quarterly earnings season continues in full flow.

Investing.com — European stock markets are expected to open slightly lower Tuesday, as investors cautiously await a raft of corporate earnings as well as more cues from the Federal Reserve and the European Central Bank.

Investing.com — European stock markets traded in a mixed fashion Friday, as investors digested more corporate earnings as well as stronger than expected U.K. retail sales.

Investing.com — European stock markets traded in a mixed fashion Thursday, as investors digested more corporate earnings with the tech sector particularly fragile following weak cues from Wall Street.

Investing.com — European stock markets traded higher Wednesday after cooler-than-expected U.K. inflation, while investors await more earnings from major U.S. companies.

retail sales rose less than expected in June on a fall in building materials and service station receipts. A separate report showed production at domestic factories unexpectedly fell in June, but rebounded in the second quarter as motor vehicle output increased.  The yield on 10-year treasuries declined three basis points to 3.77%. The US dollar rose to 138.85 Japanese yen from 138.67.

By Elizabeth Howcroft

Investing.com — European stock markets retreated Monday after the release of underwhelming Chinese growth data, while the second-quarter earnings season gets underway in earnest.

Nifty50 has rallied by about 15 per cent from the March lows to set new record highs.Where are we in this bull phase?This bull phase was born on the pessimism of the Covid outbreak when Nifty crashed to 7,511 in March 2020. For the next eighteen months, we had a one-way rally born on skepticism, which took the Nifty to 18,604 in October 2021. After a consolidation phase lasting more than a year, the bull is charging again.

jobless benefits dropped 12,000 to a seasonally adjusted 237,000 for the week ended July 8, but overall the labor market remains tight. The 10-year treasury yield fell to 3.76% from 3.86% late Wednesday. The 2-year treasury yield fell to 4.63% from 4.75%.